The Notcoin team announced the start of NOT token burning in other Telegram mini-applications.
We are talking about another tap-to-earn game #Catizen, which integrated Notcoin payments and earned 50,000,000 NOT in 3 days. Today the game burned 10% of what it earned, that is 5,000,000 NOT.
This is exactly the model that the#Notcointeam announced in the first half of April.
Now NOT has:
- A utility function in the Telegram mini-application ecosystem (with its audience of hundreds of millions of people).
- Clear and transparent combustion mechanism.
- With a high probability - a deflationary model (if all tokens have already been minted and there will be no new ones, and the burning of existing ones will be put on stream).
There is a vague feeling that the project’s haters will have a hard time mentally 😁. The key thing now for the project is that the ecosystem of mini-applications in Telegram does not collapse. And NOT continued its integration into them.
Technically, the#NOTcourse looks good. Today, two downtrends from May 17 have been broken at once. There has been pressure on them since yesterday. The volume levels indicated on the chart are relevant as support and resistance.
In recent hours, the asset showed an increase of +12%, but corrected part of the movement - a reaction from the volume level of $0.006109 and EMA 50 of the two-hour TF (on the young chart this is still the most significant moving average). Selling pressure, with such tokenomics, will persist for a long time.
For growth and a return to the listing start prices on Binance, three bullish signals are now needed:
- Breakdown of EMA 50 of the two-hour time frame (currently at the volume level of $0.006109).
- Fixation above the volume level of $0.006804. He's the key now.
- Breakout of the upward trend since the listing date on May 16th.
