#Memecoins🤑🤑 Are Gaining Increasing Popularity in the Cryptocurrency Market

According to a new research report from cryptocurrency exchange KuCoin, investors are increasingly turning their attention to meme tokens with relatively low market capitalizations and perceived as relatively obscure. This shift stems from investors' disappointment with cryptocurrency projects having high fully diluted valuations (FDVs) and low initial circulating market capitalizations.

KuCoin's report notes that some investors are steering clear of tokens with high FDVs as they offer limited opportunities for substantial gains among retail investors. To illustrate this trend, the report highlights the case of Notcoin, a meme token that launched with 100% of its token supply in circulation from the outset.

"Notcoin was launched with 100% of its tokens in circulation from the beginning. After some time in the market, by the end of May, both the price and trading volume of NOT had increased significantly. This also drove broader market attention towards its Tap To Earn and Minigame products," the report notes.

Furthermore, the report also affirms that tap-to-earn projects have "significantly higher overall engagement data" due to lower barriers to entry compared to other gamefi or move-to-earn projects. The TON technology is said to provide robust support for Notcoin, ensuring smooth gameplay, while integration with Telegram is also credited with significantly reducing the company's customer acquisition costs.$NOT