As an experienced market analyst, I’ve seen my fair share of cryptocurrency trends come and go. However, the recent surge in Telegram-based Notcoin (NOT) has piqued my interest for several reasons.
Notcoin (NOT), the cryptocurrency traded on Telegram, has experienced a significant price surge. Over the past week, its value has increased by over 350%. In contrast to other cryptocurrencies that stabilized during the weekend, NOT continued to rise, gaining an extra 40% on Sunday alone. At present, the coin is trading at $0.02373, and its market capitalization amounts to $2.439 billion.
Notcoin Daily Transaction Volumes Skyrocket
At the latest crypto event, Notcoin’s daily transaction value soared by an astonishing 220%, reaching over $4.5 billion and ranking it as the fourth most transacted cryptocurrency in the present marketplace.
Experts explain that Notcoin’s value rise can be attributed to its seamless adoption by Telegram’s large user community. Initially, the recent airdrop was met with indifference, but it has since gained traction, as evidenced by the token’s price uptick.
As a crypto investor, I’ve observed an impressive surge in transaction activity on the Notcoin network. This growth coincides with the increasing buzz around this platform. What makes Notcoin stand out is its unique feature of allowing users to earn NOT tokens by playing simple games or completing tasks. More recently, Notcoin rolled out “earnings missions,” which provide a passive way for users to accumulate NOT tokens, enhancing user engagement even further.
Notcoin, with its simplified game mechanics and social media connectivity, is primed to take advantage of the surging play-to-earn craze. According to market forecasters, the value of Notcoin could potentially increase up to $0.1.
Whale Activity Surges
According to reports from on-chain data supplier Lookonchain, the value of Notcoin ($NOT) has experienced a substantial increase, jumping over 400% within the last week.
A notable investor, referred to as a “whale,” stands to make a substantial profit of approximately $862,000 on their investment in $NOT. They made this purchase by spending around 50,550 $TON, which amounts to $278,000, prior to the listing of $NOT.
For every thousand dollars worth of $wNOT, you can obtain one dollar’s worth of $NOT. On May 21st, the whale exchanged a total of 46.4 billion $wNOT, which is equivalent to 46.4 million dollars in $NOT. Since then, they have been holding onto this amount, resulting in a profit of roughly 862,000 dollars.
The price of #Notcoin( $NOT) has risen by more than 400% in the past 7 days.
We noticed that a whale has an unrealized profit of $862K on $NOT.
He spent 50,550 $TON($278K) to buy 46.4B $wNOT before $NOT was listed.
1000 $wNOT can be exchanged for 1 $NOT.
On May 21, he…
— Lookonchain (@lookonchain) June 3, 2024
As the excitement over Telegram mini apps persists, the Notcoin price enthusiasts are likely to keep pushing forward, aiming for even greater price milestones.
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2024-06-03 07:27