Wednesday, July 24, 2024
Home CryptocurrencyBlockchain Notcoin Price Prediction: NOT Plunges 34%, But Crypto Crash Can’t Stop This New P2E DOGE Derivative With $5.3 Million

Notcoin Price Prediction: NOT Plunges 34%, But Crypto Crash Can’t Stop This New P2E DOGE Derivative With $5.3 Million

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The cryptocurrency sell-off has caused Notcoin’s price to plummet 34% in the past 24 hours, trading at $0.01032 as of 8:58 a.m. ET.

The negative market sentiment overshadows the announcement that the NOT ecosystem wants to boost the development of Telegram and TON Games.

Knotcoin Price Prediction

Notcoin price has been consolidating within a descending parallel channel and has been hitting a series of lower lows on the daily timeframe, indicating a bearish outlook for the NOT market, which is accentuated by the decline in the Relative Strength Index (RSI), indicating downward momentum.

The bearish outlook is also indicated by the position of the Moving Average Convergence Divergence (MACD). This moving average has remained below its signal line (orange band), which is interpreted as a strong bearish trend. This suggests that prices are likely to continue to fall in the near term.

If the selling pressure continues, Notcoin price may fall to $0.00447, the lower limit of the market range.

GeckoTerminal: NOT/USD 1-day chart

On the other hand, a correction could occur if bulls seize the opportunity to buy on the dip. This can happen when the NOT token becomes oversold and the RSI falls below the 30 threshold.

While a pullback would be ideal, Notcoin price would break out of the bears’ control only if it can sustainably close above $0.02095.

As NOT loses more than a third of its value, the new PlayDoge (PLAY) ICO is going from strength to strength, having raised around $5.4 million.

Crypto YouTuber Jacob Berry said this is one of several new presale launches that could potentially bring investors a 10x return.

A promising alternative to Notcoin

PLAY Token is the native cryptocurrency of the PlayDoge project, a mobile-based Play-to-Earn (P2E) game that turns DOGE memes into Tamagotchi-esque virtual pets.

The project is based around the mascot PlayDoge, a virtual dog that serves as a companion to P2E, allowing players to feed, train and play with their 2D Doge in a timely manner, earning $PLAY tokens in the process.

$PLAY runs on the BNB Smart Chain, so tokens Binance Listing team. Binance is the largest centralized exchange for cryptocurrencies, so a listing could increase accessibility and liquidity.

Token holders can also earn passive income by staking PLAY tokens at a 107% Annual Percentage Yield (APY).

$PLAY tokens can be purchased for $0.00516 each, and the price is set to increase in just under three days, so buy early if you want to get the best deal.

Visit here to purchase PlayDoge.

Read also:

PlayDoge (PLAY) – BNB Chain’s Newest ICO

Playdodge
  • 2D Virtual Doge Pet
  • Play and earn Meme Coin Fusion
  • Staking and In-Game Token Rewards
  • SolidProof Audited – playdoge.io

Playdodge


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