Notcoin (NOT) gains 335% in one week

While the crypto market remains stable overall, Notcoin (NOT)’s insane surge has caught the attention of traders and has shown strong buying interest.

Notcoin’s market capitalization exceeds $2 billion

The NOT token was officially launched on May 16. It fell more than 60% after its launch, from $0.012 to $0.0050.

However, over the past few days, the token has started to make an amazing recovery. In fact, as its price rose by more than 335% to reach a weekly high of $0.028. NOT’s market capitalization has grown to around $2.3 billion, quickly approaching the top 50 cryptocurrencies in the world. The 24-hour trading volume reached $4.3 billion, an increase of 265% from the previous day. Again, NOT displays a larger trading volume than its market capitalization.

Because of these weapon feats, the crypto community is actively discussing the dynamics of Notcoin. Crypto trader Steam suggested that the main triggers for the current rally were the launch of the staking feature, token burn and crypto whale action.

“Approximately $18 million in NOTs were burned and removed from circulation forever (reduction in circulating supply). Even though it doesn’t seem significant, investors still see it as important and are speculating on further burnout.” he remarked CryptoStream.

To go further: here are the best crypto exchanges for beginners.

Notcoin 1D chart
NOT 1D chart. Source: BeInCrypto

Excessive activity for this asset

Notcoin, a web game 3 on the TON blockchain, launched in January as a Telegram widget and quickly gained more than 35 million players. In mid-May, it completed the largest airdrop of gaming tokens. Listing on the main CEX exchanges supported asset growth by increasing trading volume and market capitalization.

Last week, Notcoin launched “earning missions” that increase the functionality and value of the token. This new feature allows users to earn passive rewards by participating in various quests. As a result, community activity naturally increased.

Although NOT is relatively new to the market, its strong community support, engaging reward systems and support from key figures are key to continued growth.

Moral of the story: Notcoin, the beautiful story of spring.

Disclaimer

Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, readers are encouraged to check the facts for themselves and seek professional advice before making any decisions based on this content.

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