Notcoin, a Telegram game based on the public blockchain TON, has been making great strides over the weekend that just ended. It has been rising from a low of $0.0116 on June 1 to a high of $0.0294 at around 1 a.m. today, setting a new record high and a two-day increase of more than 150%. At the time of writing, it has fallen back to $0.0246.
According to Coingecko real-time data, NOT's 24-hour total network transaction volume reached $4.635 billion, ranking fourth in total network transaction volume after USDT, Bitcoin and Ethereum. The skyrocketing price of the coin has also brought NOT's market value to $2.4 billion, making it the 52nd largest token, closely following L2 solution OP and surpassing well-known projects such as SUI, MKR, and FLOKI.
This is really Xiuer's mother opening the door for Xiuer. Xiuer is home! Funds are pouring in like crazy, and emotions are so high. Why is NOT so popular in the market?
NOT has been surging all the way. What factors have driven the surge?
Mortgage function
The project party destroys not tokens
Market manipulators push prices higher
One of the reasons is the reduction of circulating supply through the staking feature, as well as token burns by ecosystem projects.
About 18 million $TON (about $350,000) were destroyed and permanently removed from circulation (reducing selling pressure). Although this does not seem like much, investors may expect more destruction in the future. After all, this is cryptocurrency and valuations do not have to be reasonable.
As you all know, the token of the popular social clicker game on , which later added leaderboards and squad features. At its peak, it reached a staggering 35 million users!
Today, tokens, you can explore and play mini-games on Telegram.
also:
Listed and supported on Binance
100% of tokens in circulation
Leveraged bets on the TON ecosystem
Bearish ton may be due for a correction, especially if you buy tokens like we have seen, the likelihood of a correction increases. These investors usually don't have much confidence and can be easily scared off by an overall market correction.
Investment Advice:
NOT has risen sharply in the past few days, and FOMO sentiment is serious. The price is already quite high, and the risk is getting closer. However, as far as the current market is concerned, there is no obvious trend reversal signal, and the upward momentum is still strong. You can selectively reduce your position, but you must not sell all your chips at will. Just hold the spot firmly.
TON is becoming more and more popular. Let’s explore the current TON ecosystem.
Toncoin ($TON) is a third-generation blockchain, originally created by the Telegram team and then shared with an independent community of developers. It is known for its high performance and scalability.
➜ TON’s main competitive advantage over other blockchains is its deep integration with Telegram, which has over 900 million monthly active users. This provides TON with a unique opportunity to become a leader in the future mass adoption of cryptocurrency.
Recently, a lot of positive news and exchange listings related to the blockchain have borne fruit. For example, the TVL of the blockchain has surged 15x in the past 3 months, the price of $TON has tripled, and the FDV has reached $16.8 billion.
The TON ecosystem is just getting started, but already has great potential to become a leading blockchain.
The rapid development of the ecosystem, positive messages from developers, convenience of tools and solutions, and support programs for active users have attracted newcomers to the world of cryptocurrency, which is an outstanding achievement of TON.
The emergence of Notcoin does not seem to be an isolated phenomenon-level product. Similar products in the TON ecosystem are still popping up like mushrooms after rain. In terms of the number of users, the two projects, Hamster Kombat and Tapswap, are also replicating the legend of Notcoin.
The game sector in the Telegram x TON ecosystem has attracted a lot of attention recently. Don't underestimate this combination. Although the TON ecosystem is currently in a relatively early stage, it has great development potential backed by Telegram's huge user base. In early May, the TON Foundation announced the latest list of Grant projects to support innovations in social Web3, games, DeFi and other fields. The project advantage of the TON ecosystem lies in Telegram's huge user base and fission ability. Projects with "viral" transmission capabilities are more worthy of attention.
