NOT price forecast on a daily basis
If we look at the expectations of the NOT price on the daily basis, we will have a little more data. Notice how the price has fallen over the past few days by 50% and so far we cannot guess whether a bottom has been formed or not.
Whoever is currently buying is following the Falling Knives principle, which simply means that he is buying in the hope that the price will rebound.
But the price may fall further and further without stopping, as there are no support areas here to support buyers at this point. Therefore, everyone who is currently buying is just guessing.
We have previously talked about the price performance of currencies when listed on central platforms.
In bull markets, the price usually rises before falling, and since we are theoretically in a bull market now, this may be the story. This means that the price is expected to rise whenever it undergoes a correction.
But also the price may be affected by what is happening in the market in absolute terms.
For example, if Bitcoin and Ethereum start rising like crazy, NOT will undoubtedly rise.
The currency's performance was excellent in the recent period when the price of Bitcoin rose and recovered slightly, and this is a good sign that the currency will perform well in an absolutely bullish climate.
We expect the possibility of the currency once again returning to the top at $0.030, and we also expect that it is possible for the currency to rise above this limit. All project currencies have been put on the market and therefore the inflation rate is 0, which is very good.
It is very possible that the price of the currency will reach $0.10 if the popularity of the currency continues and the popularity of the TON Blockchain also continues.