Notcoin Price Prediction: How Far Can the Bullish Trend Go In June?

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As a seasoned crypto investor with a keen interest in altcoins, I’ve been closely monitoring the market for potential investments. The recent surge in NOT coin price has caught my attention due to its impressive gains and growing user base. With a current price of $0.01858 and a market cap of $1.9 billion, NOT seems to be making waves in the crypto world.

In the last 24 hours, NOT, an alternative coin on Telegram’s gaming platform, has experienced a significant price hike. This upward trend has resulted in a 4.61% price jump, with the current value being $0.01858.

The current market value of NOT is $1.9 billion, making it the 53rd largest cryptocurrency on CoinMarketCap’s list. Notably, its trading volume in the last 24 hours has surged to $830 million, marking a 7.37% rise.

Notcoin Price Prediction: Is $0.1 Possible by the End of June?

Over the last month, NOT coin has witnessed a remarkable rise of more than 28%, indicating heightened investor faith and a favorable market perspective. The coin’s value has oscillated between $0.0175 and $0.02, demonstrating considerable price fluctuations over the past week.

The recent rise in Notcoin can be attributed to a recent announcement revealing increased user adoption and the introduction of new incentives for engagement.

Notcoin Price Prediction: How Far Can the Bullish Trend Go In June?

The Notcoin team announced on June 9th in a X forum post that they have amassed a user base of 40 million people worldwide. Additionally, they disclosed that their users, referred to as “Explorers,” have accumulated over $1.5 million in earnings from 20 different campaigns.

Quick recap

Notcoin has 40M users total

The following users have been identified as active based on our database records, rather than the aggregated user numbers from web analytics tools that calculate total users by multiplying individual users with their sessions, resulting in an apparent 500 million Notcoin users.

— Notcoin Ø (@thenotcoin) June 9, 2024

As a researcher, I’d describe it this way: In May, Notcoin unveiled a fresh mission category called “Explore.” This new type of mission grants players the opportunity to earn passive crypto token rewards continuously. Unlike previous missions that yielded one-time NOT token payouts, the Explore missions offer a steady stream of earnings.

As a researcher studying the Notcoin platform, I can tell you that the Explore feature is still in its testing stage, referred to as beta. Nevertheless, based on our estimates, we believe there will be a significant surge in the number of campaigns and tokens earned monthly once automated campaign functions are introduced. This could potentially lead to an increase tenfold in these areas.

Technical Analysis Indicates Mixed Sentiment

The cryptocurrency Notcoin is currently showing robust signs of growth, potentially signaling the beginning of a bullish trend. If this uptrend continues, the price of NOT could surpass the resistance level at $0.019. This trajectory might propel its value towards $0.05 and even reach $0.1 in the near term.

If the market mood shifts unfavorably towards Notcoin, its value might discover a floor close to $0.018. A prolonged bearish trend could potentially push the price down to around $0.017, highlighting the characteristic volatility of the cryptocurrency market.

In simpler terms, the technical analysis of Notcoin’s daily data shows a split market opinion. The RSI value of 42.68 suggests a neutral position, neither showing signs of being overbought or oversold.

Notcoin Price Prediction: How Far Can the Bullish Trend Go In June?

As a researcher studying financial markets, I would interpret the MACD’s perspective as slightly bearish based on my observation. The MACD line lies beneath the signal line, signaling that there’s a modest negative momentum building up in the market.

The Chaikin Money Flow (CMF) indicator reads 0.04, signaling strong but decreasing buying momentum. On the other hand, the Awesome Oscillator (AO) displays a bearish divergence, where its recent change to red bars hints at an impending trend reversal.

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2024-06-10 14:00