Widespread money-making token Notcoin (NOT) continues to seize the eye of buyers with a stunningly optimistic market efficiency over the previous week. In accordance with knowledge from CoinMarketCap, Notcoin gained 46.97% on the final day, making it the best-performing asset available on the market.
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Notcoin hits 238% weekly achieve
With the general cryptocurrency market exhibiting secure worth motion, Notcoin’s explosive efficiency demonstrated excessive ranges of shopping for strain and have become the main target of consideration from viewers, analysts, and potential buyers.
This crypto gaming undertaking was initially launched as a closed beta by Open Builders in November 2023 and is supported by the Open Community (TON) Basis. Since its official launch in January 2024, Notcoin has rapidly attracted widespread consideration and registered hundreds of thousands of customers because of its easy gameplay and strategic integration with social media utility Telegram.
On this earn-as-you-play recreation, gamers earn as an alternative of gold cash by repeatedly clicking on digital cash and performing easy duties. Nevertheless, not too long ago, Notcoin launched a brand new characteristic referred to as “Incomes Duties” that enables customers to passively accumulate NOT tokens.
The NOT token was formally airdropped on Could 16 and has since proven either side of crypto market volatility. After this launch, Notcoin initially fell by greater than 60%, from $0.012 to $0.0050.
Nevertheless, over the past week, the coin has had a stellar efficiency, rising by 237.70% to achieve a brand new all-time excessive of $0.01781. It’s price noting that Notcoin’s market capitalization has additionally grown from US$526.77 million to roughly US$1.81 billion, rating among the many prime 60 cryptocurrencies.
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What’s subsequent for Notcoin?
As of press time, NOT’s each day buying and selling quantity has elevated by 155.57% and is buying and selling at $0.01735, based on CoinMarketCap.
In accordance with predictions from Coincodex, the sentiment surrounding Notcoin is very optimistic, with a Concern and Greed Index of 72. respectively.
Nevertheless, on the coin’s 4-hour buying and selling chart, the relative energy index (RSI) is in overbought territory, suggesting {that a} development reversal could also be imminent and the present bull development might quickly finish.
Nonetheless, Notcoin’s future trajectory stays unsure and could also be affected by future community developments/options and the undertaking’s means to retain its rising buyer base. Because the cryptocurrency market stays extremely unstable, all buyers ought to conduct correct analysis earlier than investing in any asset.
Featured picture from iStock, chart from Tradingview
