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Notcoin rises 13% post-debut, ranking 2nd. PlayDoge raised $4.1M in 3 weeks, sparking comparisons.
Notcoin is regaining pace after a monumental market debut in May. The token is up by 13% in the past 24 hours, making it the second-best-performing top 100 cryptocurrency.
Meanwhile, PlayDoge, another new gaming cryptocurrency, has raised $4.1 million in under three weeks of its presale, leading some to claim to could see similar gains to Notcoin.
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Notcoin price jumps as crypto market finds footing
Notcoin’s uptick follows the crypto market’s stabilizing today after a week of intense selling pressure.
The total crypto market cap has climbed by 0.5%, providing a runway for Notcoin’s decisive upswing.
After launching in mid-May, Notcoin became one of crypto’s hottest prospects, peaking at a $2.7 billion market cap.
Its momentum was fueled by the project’s established community, with over 35 million players using its Telegram-based Play-to-Earn (P2E) game.
The team recently updated that figure, with over 40 million users now on its platform.
Quick recapNotcoin has 40M users total 🎉These are the activated users from the database, not from web analytics tools that multiply # of users by their sessions and now show 500M Notcoin users lol pic.twitter.com/UUIp6oK0RA
— Notcoin Ø (@thenotcoin) June 9, 2024
With one of crypto’s most extensive communities, it is no wonder that the NOT token launch got off to a fast start.
However, the market’s recent selloff pushed Notcoin from its highs, and it is currently trading at a 36% discount.
But priced at $0.018, NOT is up 13% today and 25% this month.
It holds a $1.8 billion market cap and a $1.2 billion 24-hour trading volume, up 66% today.
Many analysts are bullish on Notcoin and predict that an uptrend continuation is on the horizon.
In a recent contribution to the project’s CoinMarketCap community page, Laucrypto predicted the price will return to its ATH in the coming days.
Quick recapNotcoin has 40M users total 🎉These are the activated users from the database, not from web analytics tools that multiply # of users by their sessions and now show 500M Notcoin users lol pic.twitter.com/UUIp6oK0RA
— Notcoin Ø (@thenotcoin) June 9, 2024
Meanwhile, a popular X account that goes by Top Gainer Today suggests that Notcoin is currently trading within an accumulation zone and alludes toward an explosive rally ahead.
Based on the analyst’s chart, NOT could hit $0.045 – a 150% increase from its current price.
$NOT accumulation zone at that moment 👌 pic.twitter.com/12QAhtaOMQ
— TOP GAINER TODAY (@RoccobullboTTom) June 12, 2024
As Notcoin continues to growth, a new crypto gaming project is always catching eyes during recent weeks.
That project is PlayDoge, a new P2E token which has gotten off to a cracking start in its presale, having raised over $4 million.
You might also like: PlayDoge presale hits $1.4 million in just one week
PlayDoge combines P2E gaming with memecoins – next crypto to explode?
As a Play-to-Earn meme coin, PlayDoge is innovating in two of crypto’s most promising narratives.
It is inspired by the hit 1990s Tamagotchi game, inviting users to care for a pet doge in exchange for PLAY rewards.
The game will launch on the BNB Smart Chain, which is well-regarded for its low fees and high speeds. However, the PLAY presale is also available on the Ethereum chain.
Due to its Tamagotchi-inspirations, PlayDoge has a nostalgic appeal that will certainly interest fans of the original Tamagotchi game.
And by intertwining crypto rewards, the project introduces a new paradigm of excitement that raises the stakes of retro gaming.
There is also an opportunity to earn PLAY tokens through the project’s staking mechanism.
Currently, staking offers a 216% APY, but this will decrease as more tokens are staked.
Per its website, 12% of PlayDoge’s total supply is allocated to staking, with 50% allocated to the presale and the remainder to be split between community rewards, liquidity, marketing, and project funds.
The current PlayDoge price is $0.00507, but this is expected to rise throughout the campaign, with the next uptick in one day or when the total raise hits $4.6 million.
For more, visit the PlayDoge presale website
Read more: PlayDoge presale raises $3.5m in two weeks, combining memes with P2E gaming
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