Notcoin Rises 80% Over The Weekend, Is A NOT Explosion Coming?
2024年7月9日 - 10:00AM
NEWSBTC
Amid the market slowdown, Notcoin (NOT), the Telegram-based
sensation, has shown impressive performance in the last three days.
The token has skyrocketed 80% over the weekend, making investors
and market watchers optimistic about its short-term performance.
Related Reading: XRP Stages A Comeback: Aims To Reclaim $0.50 After
Recent Plunge NOT A Lot Going On At The Moment? A month ago,
Notcoin took the market by storm after soaring by over 500% in two
weeks. The Telegram-based sensation began its journey as an in-game
currency for a clicker game last year. Earlier this year, the
project saw a wider integration with the messaging app and The Open
Network (TON) blockchain. Its massive success sparked a discussion
among investors about crypto and Web3 gaming. Some users consider
that Notcoin has revolutionized marketing and gaming in Web3 and
paved the way for the next wave of Play-to-Earn projects in the TON
blockchain. Recently, the project unveiled the Telegram Gaming
Accelerator in partnership with Helika Gaming. The collaboration
aims to expand and open an accelerator for game developers “who
will lead the wave of Telegram games.” Similarly, Notcoin announced
that Notcoin Explore, the platform for launching Web3 projects in
Telegram, was open. With over 200 projects already launched via
Notcoin and over 22.5 million participants, the platform will be a
“win-win case” for users and developers, the announcement stated.
Users will discover Web3 projects and receive rewards with Notcoin
Explore. Meanwhile, projects will have access to a “motivated
audience” and be built with a “community-oriented model.”
Seemingly, the news was well received by its community. Many TON
enthusiasts consider the developments a bullish signal as Notcoin’s
team is “building for the benefit” of the network. Crypto Market
Outperformed By Notcoin Notcoin has shown strong performance
despite the recent slowdown in the market. Over the weekend, the
token started to recover from last week’s retrace, going from
trading at $0.0094 to hovering between the $0.015-$0.017 price
range. According to CoinGecko data, NOT has outperformed the
current crypto market and similar GameFi tokens by 21.5%. The
token’s 80% jump sparked a bullish sentiment about NOT’s short-term
and mid-term performance. Several market watchers highlighted
Notcoin’s price action during the last three days. Altcoin Sherpa
lamented missing the change to buy NOT after its retrace on Sunday
night as it was “moving in lockstep and doing huge numbers the last
few days.” NOT bounced “nicely” above the 100-day moving average
(MA), as reported by VikingXBT. To the crypto investor, the token
has a clear support at $0.016 and a resistance at $0.02, making it
“look like a winner.” Crypto analyst World of Charts stated that
NOT’s breakout from the descending channel was confirmed. The
analyst expects NOT to move “towards 80%-90% bullish wave” and hit
a new all-time high (ATH) above the $0.3 mark. Related Reading:
Bitcoin Price Downtrend Continues: Brace for More Losses As of this
writing, NOT continues to soar and trades at $0.01717. This
performance represents a 15.5% rise in the last 24 hours and a
21.5% increase in the past week. Featured Image from Unsplash.com,
Chart from TradingView.com
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