As an experienced analyst, I’ve closely followed the cryptocurrency market for years and have seen my fair share of price fluctuations and trends. The recent surge in Notcoin (NOT) price, which rallied almost 20% on June 14, caught my attention. This remarkable performance was driven by two major catalysts: the announcement of Coinbase adding NOT perpetual futures on its exchange and Binance expanding trading options for the token.
As a crypto investor, I witnessed an impressive surge in Notcoin’s (NOT) value on June 14th. The price jumped nearly 20%, making it the standout performer among meme coins during a challenging week for Bitcoin (BTC) and Ethereum (ETH). This marked Notcoin’s strongest showing in weeks.
The price surge could be a result of Coinbase’s upcoming addition of Notcoin perpetual futures on its International Exchange and Advanced platform, effective after June 2021. Additionally, Binance’s decision to list NOT in May 2024 and expand trading options for it may also contribute to these gains.
The weekly graph displays a significant price surge for NOT, which was later followed by a minor correction of approximately 4%. Currently, NOT is valued at $0.019 during this report.
Notcoin is a gaming token with more than 35 million users. Since February, it has been skyrocketing, with a staggering 400% surge in May alone. This past week, NOT also saw a massive 67% increase in daily trading volume, surpassing Shiba Inu with $926.27 million
NOT’s market cap currently sits at $19 billion.
The Open Network strikes back
The price trend of NOT has been following the impressive gains made by TON lately. After a slight dip in early June, NOT’s value surged from $7.25 to reach $8.25 over the past week.
With its user base of over 900 million people, Telegram has surpassed Ethereum in terms of the number of new addresses created on its TON platform. This significant milestone bodes well for TON’s future growth and prospects for the remainder of the month.
Based on the analysis of expert Ali Martinez, TON is projected to experience a significant surge of approximately 40%, with a potential price target of $11.
As an analyst, I’ve noticed that Toncoin (#Toncoin) is preparing for a possible 40% surge, targeting a price of $11. Nevertheless, based on the TD Sequential indicator, it seems that $TON could experience a brief correction down to around $7.2 first. This potential dip might be necessary to draw in additional buying power and fuel the upcoming upswing.— Ali (@ali_charts) June 13, 2024
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2024-06-15 16:10