Notcoin (NOT) has reached a new all-time high of $0.012225, showing a 4.91% increase. Since its introduction on May 16, Notcoin has been creating a buzz in the cryptocurrency market. Over the past week, its price has surged by 150%, with trading volumes also increasing. On Thursday, trading volumes exceeded $1.47 billion, contributing to the price spike. However, the price saw a slight dip to $0.0118 on Friday after hitting over $0.013 on Thursday.
Notcoin, a play-to-earn cryptocurrency on the TON blockchain, powers an online social clicker game based on Telegram. It has gained support from the TON Foundation and has quickly become one of the most popular projects on the blockchain. Within the first 30 hours of its launch, the game attracted over one million new users to the TON blockchain.
Notcoin's tokenomics include incentives for user participation, with a mechanism that burns 5% of an inactive user's holdings daily after 30 days of inactivity.
Currently, Notcoin's price is forming a descending triangle pattern, suggesting a potential price drop back to the $0.01 support level. This could bring its market capitalization below one billion dollars. However, given the game's rapid growth and potential, such a price level might not last long, and many traders might see any price drop as a buying opportunity.