đđ„đ„$3 million worth of Notcoin was burned: Is the rise starting?đ„đ„đ
3 million tokens were invested to increase the value of Telegram's #NOTCOÄ°N (#NOT )
Telegram's win-win game Notcoin recently burned $3 million worth of NOT tokens. This move aims to increase the scarcity and value of tokens by actively providing support within the community and maintaining a healthy economic environment.
Notcoin burned $3 million worth of NOTcoin to minimize exchange tokens. The purpose of this move is to make the remaining tokens valuable. Notcoin hopes to create a better market dynamic where supply accounting can lead to an increase in the token price.
In addition to the token burn, Notcoin will distribute a $5 million bonus to its collective Members, specifically those active at Gold and Platinum levels in Notcoin Explore. This software system is designed to increase the effectiveness of the community.
What is the latest situation for Notcoin?
Although NOT's market value is $1.65 billion, its price has fallen by 43.4 percent compared to its peak. The latest token burning and performance features may positively affect the course of the parity. These amounts are common in the crypto world for increased supply and demand, potentially paving the way for price increases over time.
By burning 3 million tokens, Notcoin aims to reduce inflationary pressures and make holding NOTs more interesting.
not money but tons of games
The wedge formation falling on the NOT chart attracts attention. This formation on the daily chart will herald the rise with the break.
Falling wedges are considered bullish reversal patterns separated by two converging, downward sloping trend lines. Thus, it is displayed after the price rises above the upper trend line and moves towards the maximum distance between the upper and lower trend line.
Applying the same technical charts to the NOT expansion scenario, the upside target for July is $0.023 to $0.031, up 45 percent to 100 percent from current price levels, depending on the breakout point.
