Pavel Durov spoke about the growth of his NOT tokens fourfold
Telegram founder Pavel Durov said that the 1 billion NOT gifted to him two weeks ago has quadrupled in price, from $6 million to $24 million.
On May 16, NOT was listed on the largest cryptocurrency exchanges. The next day, the team of the gaming Web3 project Notcoin reported that users sent Durov 1,030,383,291,362 NOT.
The entrepreneur announced his intention to use the received coins until their price rises to $680 million. After that, the founder of Telegram plans to buy additional servers for the messenger with them.
“Yesterday [June 3] Notcoin’s daily trading volume reached $4 billion, securing its place in the top 5 most traded cryptocurrencies in the world,” Durov wrote.
According to him, millions of people have made money on Notcoin using a mini-application on Telegram. And they continue to receive more funds, the entrepreneur noted.
“A month ago, Notcoin was the largest cryptocurrency community in the history of social media. Today, the Notcoin community is rivaled only by the projects it inspired—similar mini-applications on Telegram that allow tens of millions of users to benefit,” Durov said.
On June 2, NOT quotes updated their historical maximum at $0.029. Over the past week, the token has risen in price by 120%, according to CoinGecko. At the time of writing, NOT is trading at $0.021. Let us remind you that at the end of May, Notcoin launched a new type of missions for passive income NOT. Users receive rewards for exploring various partner projects' apps and joining their social media communities.
Cryptocurrency exchange Bybit has prepared a compensation plan for customers affected by the incident with the delay of Notcoin deposits on the day of listing. Due to communication and technical problems, users received tokens late and were unable to sell them immediately.
Notcoin fever: how to make money on tokens after listing
Notcoin was first introduced in 2023 as a “memecoin” by the Open Builders development team and was used as a game token in the Web3 tap-to-earn mining game of the same name, which became popular among users in a matter of days and attracted more than 35 million players . The game became instantly viral due to its simple plot: to participate in it, the user only had to click on a coin in the mobile application, as well as complete small tasks. The user was awarded Notcoin coins as a reward.
On May 16, 2024, Notcoin was listed on the OKX crypto exchange and other major exchanges. What to do next with assets and what tools to use to earn extra money? Below we talk about current promotions and useful tools.
Already now, Notcoin owners can take part in a series of promotional campaigns on OKH, including a competition with a prize pool of 300 million NOT. This initiative, along with the recent addition of Notcoin to the Jumpstart platform, aims to offer users more ways to interact with the Notcoin ecosystem, which already has 35 million members.
The NOT 300 million NOT trading campaign, which started on May 16 and ends on May 31, offers a 10,000 NOT reward to every qualified user for depositing and trading on the OKH platform in the NOT/USDT pair.
The exchange also launched the “Learn and Earn” promotion. From May 14 to May 31, users are invited to read educational materials about Notcoin, answer simple quiz questions in the application and receive rewards in TON for this.
OKH presents tools that allow you to increase assets in NOT, for example, staking in the “Simple Earn” section with daily interest accrual helps you earn money on your free funds. In addition, users can try trading with a special grid bot for NOT/USDT pairs, which will help to gain additional benefit from the volatility of the NOT rate by buying a token at a low price and selling at a high price.
What's happening with Notcoin and how to make money on it
CONTENT
Notcoin behavior is unusual for young coins
There are several reasons for NOT's growth
The OKX team gave recommendations on how to make money on Notcoin
PROMO
The NOT token of the viral tapping game Notcoin rose in price by 100% over the weekend, and by 280% over the week, exceeding $0.02. The cryptocurrency managed to reach the levels that were recorded against the background of its listing, which is rare for new coins
The team of one of the largest crypto exchanges, OKX, told the editors of BeInCrypto what the growth of cryptocurrency is connected with and how to make money on the positive movement of Notcoin.
Wondering which cryptocurrency to buy? Read our guide on how to deal with the problem of choice!
What's happening with Notcoin
On the morning of June 3, the price of NOT reached $0.0289 and approached the listing levels that took place in mid-May. This behavior is rare for new cryptocurrencies. Most coins fall after listing and recover over the course of months. Trading volume over the past 24 hours exceeded $4.7 billion, which allowed NOT to catch up with the largest cryptocurrencies.
Notcoin's capitalization exceeded $2 billion, and the number of NOT holders exceeded 1.6 million, which exceeds the results of SHIB (1.4 million), Bonk (731 thousand) and Pepe (235 thousand).
Why Notcoin has grown: 3 reasons
Traditionally, after listing on large centralized crypto exchanges, new coins plummet due to a sell-off by early investors. The NOT path only partially repeated the fate of other crypto projects. The coin fell in price after listing on May 16, but after a couple of weeks Notcoin returned to growth. There are 3 reasons for the positive dynamics of cryptocurrency.
