Notcoin price prediction: The token associated with Telegram, one of the world’s leading social media platforms, continues to catch the attention of many in the cryptocurrency space, with its explosive price increases. Less than a month after its debut, Notcoin boasts a staggering 46% surge, accrued in a fortnight. On top of that, NOT increased
The post Notcoin Price Prediction: 3 Top Reasons Propelling NOT To $1 appeared first on CoinGape.
Notcoin price prediction: The token associated with Telegram, one of the world’s leading social media platforms, continues to catch the attention of many in the cryptocurrency space, with its explosive price increases. Less than a month after its debut, Notcoin boasts a staggering 46% surge, accrued in a fortnight. On top of that, NOT increased by 131% in seven days and 22% over the last 24 hours to $0.0177.
Backed by a growing number of investors, Notcoin’s market cap crossed the $1 billion market—sits at almost $1.2 billion and ranking #84 among other cryptocurrencies, CoinGecko data shows.
According to CoinMarketCap, Notcoin’s trading volume increased to $1.26 billion on Thursday, pointing to the swelling interest in the token. Several factors seem to be driving NOT to higher levels, including new developments and partnerships.
-
Active Community
Notcoin started as a viral Telegram game focused on onboarding as many users as possible into the Web3 space. The platform’s simplicity as a tap-to-earn mining protocol appealed to many users.
According to the website, NOT power the ecosystem as a community token. Users earn NOT tokens as they discover products in the web3 world. Players also earn the token for participating in new games.
The token is also used to reward users for their contributions that improve the ecosystem. If that is not enough, the platform is used by developers in web3 to introduce new products to the community through targeted Notcoin campaigns.
The token is also identified as a meme coin, attracting the attention of the massive active crypto community. It aims to compete with leading meme coins like Shiba Inu (SHIB), Bonk, and Pepe.
Based on a post shared on X, Notcoin boasts of having more than 1.6 million holders compared to Shiba Inu’s 1.4 million. Bonk and Pepe have 731k and 235k holders, respectively.
And one more thing
Onchain holders
Notcoin 1.6M
Shibainu 1.4M
Bonk 731k
Pepe 235k pic.twitter.com/XIFqMgvVzW— Notcoin Ø (@thenotcoin) May 30, 2024
2. Exchange Listings
Many cryptocurrency exchanges have added support for Notcoin trading including leading platforms like Binance, KuCoin, Bybit, OKX, Bitfinex, and more.
Adoption in the crypto market is often achieved with exposure based on exchange support. If Coinbase and other leading exchanges like Kraken add NOT as a tradable asset, the time to $1 could be shortened significantly.
3. Protocol Developments
Notcoin’s development team is working around the clock to release new features, including the ability to stake NOT and earn rewards. A token burn program has also been launched, allowing for the circulating supply to be reduced over time to increase the chances of a bigger rally.
Notcoin Price Prediction: Will The Rally To $1 Continue
Notcoin is seeking support above $0.012. The Relative Strength Index (RSI) reinforces the bulls outlook as it rebounds into the overbought region at 71. If the hype around the token keeps soaring, the price discovery could carry on to $0.1 and eventually reach $1.
Holding above two Exponential Moving Averages (EMA); the 20-day EMA and the 50-day EMA implies a strong bullish grip. If Notcoin reverses the gains, the same moving averages would serve as support areas at $0.01058 and $0.0089, respectively.
The post Notcoin Price Prediction: 3 Top Reasons Propelling NOT To $1 appeared first on CoinGape.
