Notcoin, a cryptocurrency belonging to the Telegram GameFi ecosystem, is on a dazzling streak: yesterday it recorded a price pump of approximately 90%, nearing the $0.3 token mark, which would have brought the asset's circulating market capitalization to $3 billion.
Let's delve into the origins of Notcoin in this article and see what the future price predictions are.
Crypto and Telegram: What is the play-to-earn token Notcoin and why is the price rising?
Notcoin (NOT) is a Play-to-Earn cryptocurrency that has its roots within the Telegram ecosystem, primarily used as a gaming resource earned by players for completing certain activities.
Specifically, it is a Tap-to-Earn game, where the cryptocurrency is redeemed simply by tapping a button symbolizing a virtual coin."
Notcoin: 90% Pump in a Single Day, Where Can It Go?
Yesterday, the crypto Notcoin (NOT) experienced a significant pump of 90%, bringing its price from $0.015 at the opening to a peak of $0.029, before closing the day at $0.022."
"For a few hours, the coin entered the top 50 by market capitalization, approaching an overall valuation of $3 billion: an impressive result for a coin born just on May 16th.
In the midst of yesterday's pump, NOT surpassed meme coins $FLOKI and $BONK by market capitalization, signaling $WIF and $PEPE that it could soon surpass them as well."
After the first 10 days since listing on crypto markets, which were characterized by uninviting price action with sideways/distribution trends, NOT began its true bullish climb, growing by 400% in a very short time.
Following the FOMO recorded in yesterday's session, Notcoin traders rejected the coin at the $0.30 level, triggering a potential retracement in the coming days.
Although the main trend remains bullish, the extension of the recent uptrend suggests that this crypto could soon take a step back and return to at least below $0.20."
A special mention goes especially to the trading volumes recorded in the last 24 hours by NOT, which attracted trades for a whopping $16.3 billion, surpassing even ETH, SOL, and PEPE.
This data is indicative of investors' attention to these types of coins with highly promising potential, yet with considerable inherent risk.
It will be interesting to monitor the volume trends in the coming days: in case of a decrease in trading volume, we can expect a sharp decline in the price of the crypto."
A special mention goes especially to the trading volumes recorded in the last 24 hours by NOT, which attracted trades for a whopping $16.3 billion, surpassing even ETH, SOL, and PEPE.
This data is indicative of investors' attention to these types of coins with highly promising potential, yet with considerable inherent risk.
It will be interesting to monitor the volume trends in the coming days: in case of a decrease in trading volume, we can expect a sharp decline in the price of the crypto."
