Notcoin Surges Over 230%, Reaching All-Time High: What’s Next?

• NOT surged by 237.70% to $0.01781, affirming its market dominance.
• Despite initial setbacks, its market cap soared from $526.77 million to $1.81 billion.
• Bullish sentiment persists, with projections up to $0.054, though RSI signals caution.

In the past week, Notcoin (NOT) has experienced a significant surge of 237.70%, reaching an all-time high (ATH) of $0.01781. It also recorded a remarkable 46.97% gain in just one day, further establishing its position as a leading player in the market.

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Initially introduced as a closed beta in November 2023, the play-to-earn game attracted millions of users thanks to its straightforward gameplay and seamless integration with the popular social media app, Telegram. Players earn NOT tokens by tapping on a virtual gold coin and completing simple tasks. Recently, the game introduced “earnings missions,” enabling users to accumulate tokens passively.

Despite a challenging start after its airdrop on May 16, where the token’s value plummeted by over 60% from $0.012 to $0.0050, Notcoin has shown resilience. Over the last week, it has not only recovered but also achieved unprecedented growth. Its market capitalization has surged from $526.77 million to approximately $1.81 billion, placing Notcoin among the top sixty cryptocurrencies.

Currently, Notcoin is being traded at $0.01735, showcasing a notable surge of 155.57% in daily trading volume. Investor sentiment remains optimistic, indicated by a Fear & Greed Index score of 72. Coincodex forecasts a potential rise to $0.021 within five days and a prospective peak at $0.054 in a month. Nonetheless, caution is warranted as technical analysis reveals an overbought signal on the Relative Strength Index (RSI), hinting at a possible shift in market direction.

Read also:

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• Venture Capital’s Hefty Bet Propels Toncoin 30% Higher!
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