✍️MAIN REASONS BEHIND $NOT PUMPS :-
👉NOT Futures Open Interest Spikes
Meanwhile, Coinglass data highlights a significant uptick in NOT Futures OI since the beginning of June, reaching $247.06 million today. This underscores the presence of substantial money inflow and investor interest in the asset, emerging in tandem with the recent price rally.
👉Market Technicals Show Bullish Presence
Simultaneously, market technicals and indicators flagged a strong buying sentiment prevailing for the asset. The RSI, a key indicator of market sentiment, loomed around 61, underlining the presence of upside pressure on Notcoin.
Additional buying could pump NOT ahead, as the RSI has yet to reach overbought territory, after which the token’s price may rebound. Nonetheless, the current market picture remains bullish.
Moreover, Notcoin recently marked a significant milestone, boasting 40 million active users. This was followed by the burgeoning popularity of the ‘ Tap-to-Earn’ games on Telegram. Crypto market participants expect further gains in the asset’s price, falling in line with this increased project adoption.
Also, the TON blockchain, fueled by Telegram’s 900M user base, caused active addresses on the network to surpass that of Ethereum’s.
👉NOT Mimics Broader Trend
NOT follows TON, the native token of the TON blockchain, mirroring an uptrend. TON gained nearly 15% over the past month, whereas NOT rallied 36% during the same period. This price rally falls in line with the growing adoption of Telegram, as also mentioned above.
Meanwhile, NOT traded at $0.0198, with its 24-hour lows and highs being $0.01892 and $0.02146, respectively
