The Notcoin token experienced a significant surge in value, jumping over 15% on Friday to breach the $0.20 mark, defying the downward trend it had been experiencing since reaching a previous high of $0.028 on June 2.
This surge coincided with a notable rise in the TON blockchain, on which Notcoin operates, as TON itself eclipsed its former peak, momentarily topping $8.00. This marks a first since the coin’s introduction.
Integration with Telegram Games
The TON blockchain and its associated token, NOT, gained attention following their integration with the Telegram-based “tap to earn” game, which rapidly gained popularity among users.
This game, along with similar “x to earn” games on the Telegram platform like Hamster Kombat and Yescoin, has reportedly attracted tens of millions of players globally. However, the exact figures might be skewed by bot activities, which are suspected to inflate participation numbers.
Notcoin’s ascent is further supported by the user-friendly processes of signing up, acquiring a wallet, and engaging with the games, which are believed to have significantly driven the activity and statistics on the TON blockchain.
Reports suggest that the TON blockchain has seen daily active wallets exceed those of Ethereum, though these figures exclude Layer 2s and may not reflect the actual count of unique users.
Notcoin on June 14. Source: TradingView
According to analytics from Tonstat, the number of daily active wallets has surpassed 547,000, showing a clear upward trend.
Insights from Delphi Digital indicate that TON’s growth is quietly being fueled by Telegram’s extensive user base of 900 million, which pushes the daily active addresses above those on the Ethereum network.
Autonomous Nature and Decentralized Ethos
The Notcoin team recently highlighted the autonomous nature of Notcoin, emphasizing that it has no central ownership and no possibility for an increase in supply, drawing parallels to Bitcoin in terms of its decentralized ethos.
They also projected that TON is poised to become the dominant blockchain, expecting to significantly outpace its competitors shortly.
The project’s ambitions don’t stop there; Notcoin aims to onboard the next 300 million users into the Web3 space through a combination of community engagement, educational initiatives, and gaming.
The team at Notcoin maintains that their approach to introducing users to Web3 will be conducted with distinctive flair and style, framing these goals not as promises but as logical outcomes based on the project’s trajectory.
As of June 9, Notcoin reported having 40 million activated users, a figure derived from their internal database rather than web analytics tools, which often inflate user counts by multiplying them by session numbers.
Origins and Ecosystem of Notcoin
Notcoin began as the social clicker game on Telegram, where players tapped a virtual golden coin to earn in-game currency.
The NOT token is at the heart of the Notcoin ecosystem, designed to empower users by integrating them into the project’s development.
Participants earn NOT tokens by engaging with new games and exploring Web3 projects, thereby fostering a community-driven platform where users have a stake in shaping its future. This model promotes an equitable distribution of resources and empowerment within the Notcoin community.
Notcoin’s recent rise in value reflects the broader growth and increasing activity within the TON blockchain.
With its decentralized structure, strong community engagement, and strategic use of Telegram’s vast user base, Notcoin is poised to play a significant role in the expansion of the Web3 ecosystem.
The combination of innovative gaming, seamless user onboarding, and educational efforts positions Notcoin as a promising player in the blockchain space.
The post Notcoin Soars 15% as TON Hits New High appeared first on Coinfomania.