Will Notcoin Perish? The NEW Shiba Inu Alternative's Viral Surge Causes a 5% Drop in Price
From $0.01619 to $0.01549 in a span of two hours, the price of the Notcoin token, which is linked to the famous Telegram-based clicker game, dropped precipitously this morning.
By contrast, $NOT has surpassed Bitcoin ($BTC) over the same time period, recovering to roughly $0.01617 as of this writing, demonstrating a recovery of nearly 1.5% in the previous hour and around 3% since yesterday noon.
Although the volatility may have worried some investors, the rapid rebound after the first shock indicates that $NOT is not in extremely bad shape.
The token's value has increased significantly, by about 33%, in the last week.
This indicates that it is now doing better than its original blockchain, The Open Network, and the currency that powers it, Toncoin ($TON). The price of $TON decreased 1.5% in the last 24 hours and increased only 0.7% for the week. At $7.21 right now, it's down around 6% from two weeks ago, but up roughly 6% from three weeks ago.
Joining is a breeze; all you have to do is open the app and go to the game that's built on Telegram. To start earning $NOT, open the Notcoin bot, add your friends, and touch the gold coin on the UI.
There is a time restriction on tap permits, and they replenish slowly. But doing quests and community deeds will win you additional taps.
Launching an accelerator to aid in the development of the TON and Telegram ecosystems was announced yesterday by the project.
There should not be any definitive patterns identified in Notcoin just now since it is less than three months old. But following its introduction on May 16th, the token obviously had a tremendous start. On June 2, it reached a record high of $0.02836 before falling 44% to where it is now.
If the chart is to be believed, levels of psychological resistance might emerge near $0.02, while levels of support could be found at $0.01. With an RSI of 52, which is considered healthy, there is still wiggle space for possible more gains this week.
