In a sluggish market, Notcoin (NOT) stands out by defying the odds. Over the past three days, it has surged by almost 70%, a performance that’s extraordinary amid a broader market downturn as noted by analyst Crypto Virtuos.
The volume of NOT traded has quadrupled lately, reflecting heightened investor interest. Its market cap has also seen an increase of over 50%, making it a notable exception in a period where many major altcoins are experiencing losses.
Notcoin’s Market Reaction and Performance
According to Crypto Virtuos, “In this sad, slow market, $NOT is definitely NOT following the usual market.” This statement is supported by the token’s metrics, showing Notcoin’s resilience and appeal.
In this sad, slow market, $NOT || @thenotcoin is definitely NOT following the usual market. Look at the number from this picture below Almost 70% up in the past 3 days. Volume traded increased by more than 4x in the past 24 hours. Market cap is up by >50% as well. This is… pic.twitter.com/7dcJ7lLeE7
— Crypto Virtuos (@CryptoVirtuos) July 7, 2024
The Daily TON highlighted that Notcoin bounced back significantly and managed to climb back into the top 50 on CoinMarketCap. This achievement surpasses the performance of other notable tokens, including the popular meme token BONK.
Read also: Analysts Predict Solana (SOL) Price Rally To $200 if Key Levels Break: Here’s Their Outlook
Trader Insights and Observations
Traders have taken note of Notcoin’s exceptional performance. Altcoin Sherpa commented on the situation, expressing regret over not executing a trade on NOT.
He noted that NOT and SAGA have been moving in lockstep, showing gains in recent days. His observation about the Fibonacci levels underscores the technical analysis many traders employ when making trading decisions.
Notcoin’s recent performance is a beacon of hope in an otherwise bleak market. Its rapid growth in price, volume, and market cap demonstrates its potential and resilience.
Notcoin’s surge provides a compelling case for investors looking for opportunities amidst widespread market declines.
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Show more +Show less – NOT’s Market Action
Per the price data at the time of writing, NOT trades at $0.01651 with a daily trading volume of $1,215,452,272. This represents a 7.86% price increase in the last day and a 17.18% price increase in the past week.
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