Is it Time to Buy Notcoin as $1 Billion Trading Volume Sends NOT to New All-Time High?
Notcoin (NOT) has taken the cryptocurrency market by storm since its launch on May 16. Over the past week, the price of Notcoin has surged by 150%, reaching new all-time highs due to the increase in trading volumes.
According to Yahoo Finance data, trading volumes for Notcoin surpassed $1.47 billion on Thursday.
Although the price slightly pulled back from its record highs above $0.013 on Friday, it is still hovering around $0.0118.
Notcoin is a play-to-earn cryptocurrency that operates on the TON blockchain and powers a popular Telegram-based social clicker game. It is backed by the TON Foundation and has already attracted over 1 million new users within 30 hours of its launch.
In order to incentivize activity, Notcoin’s tokenomics include a system where inactive users have 5% of their holdings burnt daily if they remain inactive for more than 30 days.
Looking at the Notcoin price prediction, there is a possibility of a price dip in the next 24 hours, forming a descending triangle pattern that could bring the price back to the $0.01 support level.
However, such dips could present excellent buying opportunities, especially considering the explosive growth and potential of Notcoin. With its current market cap hovering around $1 billion, it is likely to see further appreciation in the near future.
For those seeking even greater potential returns, the meme coin market offers high-risk, high-reward opportunities. One meme coin that has garnered attention is Dogeverse (DV), a multi-chain meme coin with in-built cross-chain capabilities. It aims to become the multi-chain equivalent of Dogecoin and is launching on the six most popular blockchains, excluding Bitcoin.
Dogeverse’s cross-chain bridging capabilities add to its appeal, making it a “Doge with superpowers.” The presale for Dogeverse has already raised over $15 million and is set to close in just over two days.
Investors should be aware that cryptocurrency is a high-risk asset class, and this article is provided for informational purposes only and does not constitute investment advice. It is important to conduct thorough research and consider the potential risks before making any investment decisions.