As a seasoned crypto investor with a knack for spotting promising projects, I’m thrilled to see Notcoin’s meteoric rise in the market. Its exceptional price performance, with the asset trading above both the 50-day and 200-day moving averages, is an encouraging sign of bullish sentiment among investors.
As a researcher studying the cryptocurrency market, I’ve noticed Notcoin, one of the most buzzed-about digital currencies, undergo significant growth since its debut. The initial Notcoin price took a hit in the first few days post-launch due to selling pressure from airdrop recipients. However, within a week, there has been a resurgence of investor interest in Notcoin. Currently trading at $0.009626, this represents a 24.9% price increase over the last 24 hours and a remarkable 75.3% surge over the past week.
Notcoin Price Forecast: Bulls Receive New Strength
The price of Notcoin has performed exceptionally well, with the market trend maintaining above both the 50-day and 200-day moving averages. Notably, Notcoin’s price took a turn around May 25th, and a surge in investor interest led to an impressive 115% price increase within just four days.
Following an initial surge, the NOT price dipped to $0.0074 before rebounding and reaching a new peak at $0.0099. Subsequently, bears regained control, causing the prices to stabilize for some hours between $0.0087 and $0.009. This price action corresponded with the 0.5 Fibonacci retracement level. Now, the asset’s price is rebounding and making its way towards the extended 0.27 Fibonacci retracement level, which would place it around the $0.011 mark.
As a crypto investor, I would note that in an unfavorable market condition, NOT could potentially encounter buying interest around the price levels of $0.0087 and $0.0075. These prices are significant because they align with the 50-day Simple Moving Average (SMA).
Why Is Notcoin Token Price Mooning?
The value of Notcoin, a mini-app within Telegram for the Tap-to-Earn game, experienced a price increase following the introduction of “Earning Missions” by its development team. This new feature enables users to passively accumulate NOT tokens on Telegram by accomplishing diverse tasks, such as assisting other players in navigating various crypto communities and acquiring knowledge about alternative crypto games and applications.
The absence of NOT resulted in a substantial rise in open interest on various exchanges, climbing from $40 million to $100 million, reflecting strong buying enthusiasm among traders. NOT experienced a triumphant debut, gaining listings on major centralized trading platforms. Consequently, its market value soared beyond $1 billion during the current market upswing, accompanied by an impressive 24-hour trading volume of $1.3 billion.
The mini-app’s success in amassing over 35 million active users from Telegram’s community underscores the significance of collaboration in a project. Post-NOT launch, additional Tap-to-Earn games like Hamster Kombat and Tapswap have garnered considerable attention as well.
Bottom Line
The story of earning cryptocurrency through tapping, symbolized by NOT, is still in its early stages. As a trailblazer in this specific sector, the value of NOT could potentially rise even more. Although smaller apps such as Tapswap have more active users at present, NOT’s development team continues to brainstorm ways to attract new participants, thereby strengthening their role as pioneers within the Tap-to-Earn industry.
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2024-05-29 10:34