#NOT tokens surged nearly 40% in 24 hours, and the 7-day increase exceeded 280%!
Reasons for the surge:
1. Staking and destruction: The staking function reduces the circulation, and the project party destroys some tokens to reduce selling pressure.
About 18 million $TON (about $350,000) were destroyed and permanently withdrawn from circulation (reducing selling pressure). Although this does not seem much, investors may expect more destruction in the future. After all, this is a cryptocurrency, and the valuation does not have to be reasonable.
2. Market operation: $NOT is supported by Binance, and market operations push up prices.
At present, the mainstream is on the sidelines, and there are reasons for both bullish and bearish.
· Bullish: Based on the background of Telegram social games, $NOT occupies an important position in the Notcoin ecosystem.
· Bearish: The risk of adjustment after a big rise is high, especially in a market based on hype.
Investment advice:
· Pay attention to market dynamics and be wary of adjustment risks. · Seek other potential tokens in the TON ecosystem.
. Risk management: cost averaging, investment quota control, and expected adjustment scenarios.
There will be a copycat in June, and the overall sentiment is still bullish. Whether it is fan coins or the merger of AI, it will be in progress.
If you miss NOT, it doesn’t matter.
Again, if you don’t know what to do in the bull market, click on my avatar and follow me. Bull market spot planning, contract passwords, free sharing.
I need fans, you need references. It’s better to follow than to guess.
