Standard play-to-earn token Notcoin (NOT), has continued to retain traders’ consideration over the past week with a surprising constructive market efficiency. Based on knowledge from CoinMarketCap, Notcoin gained 46.97% within the final day rising because the top-performing asset out there.
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Notcoin Data Weekly Positive factors Of 238%
With the overall crypto market displaying a secure value motion, Notcoin’s explosive efficiency which signifies a excessive degree of shopping for stress has taken middle stage amongst spectators, analysts, and potential traders.
The crypto gaming challenge was initially launched as a closed beta model in November 2023 by the Open Builders and supported by the Open Community (TON) Basis. Following its official launch in January 2024, Notcoin shortly garnered a lot consideration, registering thousands and thousands of customers attributable to its simplistic gameplay and strategic integration with the social media app Telegram.
On this play-to-earn recreation, gamers earn NOT cash by tapping repeatedly on a digital gold coin and executing easy duties. Nevertheless, in latest instances, Notcoin has launched a brand new characteristic often known as “earnings missions” which permits customers to passively stack up NOT tokens.
The NOT token was formally airdropped on Could 16 and has since showcased each side of the crypto market’s volatility. Following this launch, Notcoin initially dipped by over 60% falling from $0.012 to commerce as little as $0.0050.
Nevertheless, within the final week, the token has put up a outstanding efficiency gaining by 237.70% to achieve an all-time excessive worth of $0.01781. Notably, Notcoin’s market cap worth has additionally grown from $526.77 million to about $1.81 billion pushing the token into the highest sixty cryptocurrencies.
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What’s Subsequent For Notcoin?
At press time, NOT trades at $0.01735 following a 155.57% rise in its day by day buying and selling quantity per knowledge from CoinMarketCap.
Based on a prediction by Coincodex, the sentiment round Notcoin is very bullish with a Concern & Greed Index of 72. With the bulls retaining market management, Coincodex predicts the play-to-earn token to rise to $0.021 and $0.054 in 5 and thirty days respectively.
Nevertheless, on the token’s 4-hour buying and selling chart, the Relative Power Index (RSI) is nicely within the overbought zone indicating a pattern reversal might lie on the horizon and the present bull pattern might quickly be over.
Nonetheless, Notcoin’s future trajectory stays unsure and can seemingly be influenced by future community developments/options and the challenge’s skill to retain its rising buyer base. All traders are admonished to conduct correct analysis earlier than investing in any asset because the crypto market stays topic to excessive ranges of volatility.
Featured picture from iStock, chart from Tradingview
