Notcoin (NOT) has taken crypto markets by storm in the last few weeks since its launch on May 16, with the Notcoin price pumping up 150% in the last seven days to new all-time highs amid surging trading volumes.
The Notcoin price surge comes after trading volumes exceeded $1.47 billion on Thursday, as per Yahoo Finance data. That’s a lot for a coin with a market cap of just $1.2 billion, as per CoinMarketCap.
Last around $0.0118, the Notcoin price has pulled back a tad from Thursday record highs above $0.013.
Notcoin is a play-to-earn crypto issued on the TON blockchain and powers a Telegram-based social clicker game.
As one of the best project on the TON blockchain, NOT is backed by the TON Foundation.
And Notcoin’s game has already seen explosive growth. As per social media reports, the TON blockchain welcomed over 1 million new users in 30 hours following Notcoin’s launch.
Prepare to be amazed: The #TON Blockchain welcomed over a million users in a mere 30 hours during the electrifying #Notcoin event, showcasing its flawless and efficient architecture.
Dive deeper into this groundbreaking #TON milestone with my captivating visual presentation pic.twitter.com/fQ0fgZQFba
— Caren S. Castolo (@caren231995) May 31, 2024
Notcoin’s tokenomics are incentivized to promote activity. Inactive users have 5% of their holdings burnt everyday if they are inactive for more than 30 days.
Inactive users have had 5b+ Notcoin burned in the last 2 days.
5% will be burning every day for those who is inactive for 30 days. Or they can get back to tap and earn.
Both are fine.
¯_(ツ)_/¯ pic.twitter.com/BxspsIj5IL
— Notcoin Ø (@thenotcoin) March 7, 2024
Notcoin Price Prediction – Time to Buy?
The Notcoin price has formed a descending triangle pattern in the last 24 or so hours.
That suggests a price dip could be coming, perhaps back to support in the $0.01 area.
The Notcoin price could dip in the coming hours. But such dips could be a great time to buy. Source: TradingView
A decline back here could see NOT’s market cap slip back below $1 billion.
For a game that has been able to attract such explosive growth, and has so much potential, it probably won’t stay under $1 billion for long.
Traders are likely to view NOT price dips as buying opportunities.
Notcoin Alternative to Consider – Multi-chain Meme Coin Dogeverse (DV)
Notcoin certainly has the potential to 10x this bull market. But many investors are hunting a bigger upside of 50-100x.
Highly risk tolerant investors like this tend to turn to the highly speculative and volatile meme coin market.
Meme coins are, of course, very risky, and there is no way around it.
But one way that investors can put the odds in their favor is to invest in high-potential meme coins early and at a favorable valuation before they start to pump.
The team at Cryptonews spends a lot of time scouring the market for high potential meme coins. One token that they are big fans of is a fun new multi-chain meme coin called Dogeverse (DV).
Dogeverse has in-built cross-chain capabilities and, as a result, is generating considerable excitement in meme coin investing circles.
Currently in presale, Dogeverse has raised over $15 million. And interested investors better get in quick, with the presale closing in just over two days.
Dogeverse seeks to be the multi-chain equivalent of Dogecoin and is launching on the six most popular blockchains (excluding Bitcoin).
Dogeverse’s cross-chain bridging capabilities further enhance its appeal, making it a “Doge with superpowers.”
The post Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy? appeared first on Cryptonews.
