Notcoin Surges 300% in a Week, Driven by Social Hype and Adoption🚀🔥
Notcoin ($NOT) has experienced a dramatic price increase of over 300% in the past week, reaching a new all-time high of $0.02896. This surge has propelled Notcoin to become the fifth-most traded cryptocurrency, surpassing Circle’s USDC stablecoin in trading volume.
Several factors contributed to this rise:
Mainstream Adoption: Notcoin, integrated as a Telegram Mini App, has gained over 30 million users on Telegram within two months, introducing many new users to cryptocurrency.
Exchange Listing: Notcoin was listed on the Bybit exchange on May 16, driving its price up by over 200% in two and a half weeks post-listing.
Market Capitalization: Following its rally, Notcoin’s market capitalization reached $2.3 billion, making it the 51st largest cryptocurrency tracked by CoinMarketCap.
Social Interest: Growing social media buzz and community interest have driven significant trading volumes, peaking at over $4 billion on June 3, surpassing USDC’s $3.5 billion.
Investor Interest: Increased interest from large investors, or whales, particularly in the Telegram ecosystem, has further fueled Notcoin's rise.
Justin Hyun, director of investments at TON Foundation, believe and other Telegram Mini Apps could lead to widespread blockchain adoption, potentially onboarding up to 500 million new crypto users.
