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Why Did Notcoin Increase by 50% Today? Token NOT - Notcoin has surged by 50% in the past 24 hours and is currently trading at 0,008. The cryptocurrency market has recently witnessed a spectacular rally from a name that has been attracting significant attention lately—Notcoin (NOT). Within 24 hours, NOT experienced a strong surge, with its price impressively climbing from $0.005 to its current level of $0.008, bringing Notcoin’s market capitalization close to the $1 billion mark. After the initial supply was fully unlocked, resulting in an initial sell-off due to a massive 78% airdrop, the selling pressure has now significantly diminished. With the market currently in a highly active state, Notcoin has managed to recover strongly from its previous price suppression. Additionally, many investors consider Notcoin to be similar to recent Memecoins due to several factors such as its catchy and simple name, a large and supportive user base, and the complete unlocking of all tokens.
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#BTC #btcupdates2024 what u think $BTC
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Why Memecoins Attract Many Investors? Investors Prefer Cheap Tokens Instead of having to spend $60K to own one BTC, you can spend just $1 to own thousands, even hundreds of thousands of tokens of a memecoin. Memecoins often have extremely low prices, with many zeros after the decimal point, leading many people to mistakenly believe that the coin is “cheap” without realizing that the project’s market cap may be too high compared to the market. The main reason is that memecoins often have a massive or infinite token supply. For example, Shiba Inu (SHIB) has a total supply of up to 1 quadrillion tokens, while DOGE has no maximum supply and has already circulated more than 100 billion tokens. However, since memecoins often do not have a token burning mechanism, this massive supply tends to keep their prices relatively low.
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What to Do When Altcoin Season Comes? Identify the Stage of Capital Flow: To maximize profits, it’s best to invest when new capital flows into Altcoins that haven’t experienced significant growth yet. This helps you anticipate trends and take advantage of market growth when capital begins to pour in.Identify Valuable Altcoins and Capital Flows: Analyzing coins doesn’t necessarily have to be completely accurate; just identifying the market’s capital flow into which type of coin can significantly increase the likelihood of profitable investment. Examples include ICO trends, DeFi, exchange tokens, etc. The latest trends are projects running on DOT or Binance Smart Chain. Monitoring these trends can help you identify potential investment opportunities.Make an Investment Plan: Clearly define the amount of money you will invest, the expected profit margin, your entry and exit points. Establishing a clear plan and adhering to it with discipline is the key difference between professional and amateur investors. A detailed investment plan will help you maintain discipline and maximize profits.Determine Whether Altcoin Season is Real: This is extremely important because temporary price trends in the market can make us think that Altcoin Season is approaching. Don’t rush to invest when the market shows temporary growth signs. Analyze carefully to determine whether Altcoin Season is really coming to avoid investing at the wrong time and losing money.
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