šNotcoin (NOT) Overtakes SHIB in Top Ranks as SHIB Volume Drops Dramatically
Notcoin (NOT) has surged in popularity, surpassing Shiba Inu (SHIB) in trading volume and market cap rankings within the cryptocurrency market. Notcoin's trading volume spiked by 67% to $926.27 million over June 12-13, elevating it to the 12th most traded crypto asset. In contrast, SHIB's trading volume decreased by 36% to $555.92 million during the same period.
This surge propelled Notcoin's price up by 8% to $0.0177, boosting its market cap to $1.81 billion, positioning it as the 54th largest cryptocurrency. Notcoin differentiates itself as a gaming tap-to-earn project on Telegram, where users earn NOT tokens by tapping on virtual coins. With over 35 million participants, Notcoin has gained listing on major exchanges like WhiteBIT, Bybit, and OKX.
The success of Notcoin underscores a growing trend in user engagement through gaming applications in the crypto market. However, experts caution about the sustainability of this trend, questioning how long the heightened interest and participation will endure.