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Home Cryptocurrency Notcoin (NOT) is the top market gainer with 47% daily gain

Notcoin (NOT) is the top market gainer with 47% daily gain

by xyonent
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Popular play-to-earn token Notcoin (NOT) continues to capture investor attention with surprisingly strong market performance over the last week. CoinMarketCap dataNotcoin rose 46.97% on the closing day and emerged as the best-performing asset in the market.

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Notcoin records 238% weekly gain

While the general cryptocurrency market is showing steady price fluctuations, Knotcoin’s explosive performance, exhibiting high levels of buying pressure, has attracted attention among spectators, analysts, and potential investors.

The crypto gaming project was initially launched as a closed beta by Open Builders in November 2023 and was supported by the Open Network (TON) Foundation. Since its official launch in January 2024, Notcoin has quickly gained significant attention and millions of users thanks to its simple gameplay and strategic integration with social media app Telegram.

In this play-to-earn game, players earn NOT coins by continuously tapping virtual gold coins and performing simple tasks. However, Notcoin recently introduced a new feature called “Earn Missions,” which allows users to passively accumulate NOT tokens.

The NOT token was officially airdropped on May 16th, and since then, it has shown both sides of cryptocurrency market volatility. Following its release, Notcoin initially fell by over 60%, dropping from $0.012 to as low as $0.0050.

However, over the last week, the token has performed remarkably, rising 237.70% to reach an all-time high of $0.01781. Notably, Notcoin’s market cap has also increased from $526.77 million to around $1.81 billion, propelling the token into the top 60 cryptocurrencies.

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What’s next for Notcoin?

At the time of writing, NOT is trading at $0.01735, up 155.57% in daily trading volume, according to data from CoinMarketCap.

be Coincodex predictionssentiment surrounding Notcoin is extremely bullish with the fear and greed index at 72. With bulls maintaining control of the market, Coincodex predicts the play-to-earn token to rise to $0.021 and $0.054 in the 5-day and 30-day periods, respectively.

However, the token’s 4-hour trading chart shows that the Relative Strength Index (RSI) is well within the overbought zone, suggesting that a trend reversal is near and the current bullish trend may soon come to an end.

NOT USDT is trading at $0.01782 on the 4-hour chart | Source: NOTUSDT chart from Tradingview.com

However, Notcoin’s future trajectory is uncertain and may be affected by future network developments/features as well as the project’s ability to retain its growing customer base. The cryptocurrency market remains subject to high volatility, and all investors are cautioned to conduct due research before investing in any asset.

Featured image from iStock, chart from Tradingview

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