A surprising name is surging in popularity in the crypto world lately, and it’s not what you might expect.
Notcoin! This web3 clicker game has captured the attention of crypto enthusiasts everywhere which is sending its token value skyrocketing.
Notcoin (NOT) recently surged by an impressive 33.42% to $0.006884, driven by strong community support in surveys, which favored it over Bitcoin. The Notcoin team’s efforts to boost user engagement and investment interest through a recent airdrop and innovative earning missions paid off.
Last week, Notcoin witnessed an astounding 600% surge on major exchanges like Binance and OKX following its listing. On-chain statistics reflect a significant increase in market liquidity and investor participation post-listing.
Another Jump Incoming?
Notcoin’s price surge was accompanied by a remarkable spike in open interest, jumping from $44 million to an impressive $101 million within just 24 hours. Daily trading volumes also saw a substantial increase, soaring by over 450% to surpass $1 billion, as investors embraced long positions despite a broader market correction.
The surge in short liquidations, exceeding $4.4 million, indicates a prevailing bullish sentiment in the futures market.
Notcoin’s Play-to-Earn Game Gains Traction
The surge in NOT’s price aligns with the growing popularity of Notcoin, especially its play-to-earn Web3 game hosted on Telegram. This groundbreaking game allows users to convert in-game currency into valuable NOT tokens, capturing the interest of Telegram’s vast user base. Despite a brief lull after the airdrop, Notcoin experienced a notable rebound fueled by renewed social sentiment and strategic comparisons to Bitcoin.
Trader Insight: Zen’s Bullish Perspective
Cryptocurrency trader Zen sees a bright future for NOT, expecting mid-term growth. Zen’s confidence stems from a Twitter poll where Notcoin was preferred over Bitcoin, coupled with the announcement of NOT Airdrop Phase 1, which boosted investor confidence and led to a significant increase in open interest and trading volumes.
Bitcoin vs Notcoin
Notcoin’s developers are strategically marketing the project by comparing it to Bitcoin. They highlight Notcoin’s limited supply, wide distribution, and lower price compared to Bitcoin. By pointing out that when Bitcoin had a market cap of $0.5 billion in 2013, its price was about $100, they emphasize Notcoin’s growth potential.
Passive Earning Opportunities
Adding to its appeal, Notcoin introduces “earning missions,” allowing users to passively earn NOT tokens by engaging with partner projects and communities. Users can increase their rewards by staking NOT, with higher tiers offering substantial returns, enhancing the project’s appeal to both new and existing investors.
Keeping this analysis in mind one thing is certain: Notcoin’s journey is far from over.
Also Check Out: Altcoins at the Foothill of an Explosion: Here Are Tokens That Could be the Biggest ‘Buy’ Ahead of an AltSeason
What are your thoughts on Notcoin’s future? Share your insights.