Thursday’s Top Performer: Notcoin (NOT) Surges 30%, Tops Shiba Inu And Pepe In On-Chain Holders
May 30 2024 - 10:00PM
NEWSBTC
Notcoin (NOT), the play-to-earn token integrated into the Open
Network (TON) ecosystem, has made significant waves in the market,
becoming the top performer on Thursday. With a surge of over
30% within the past 24 hours, Notcoin has secured the 82nd spot
among the largest 100 cryptocurrencies, boasting a market
capitalization of $1.25 billion. Notcoin Attracts Millions With
Tap-To-Earn Gameplay Launched in 2023 by Open Builders, a team
focused on developing social games, Notcoin gained popularity
shortly after its release. The game’s gameplay, combined with the
strategic use of Telegram’s vast user base, attracted millions of
users. Players engage in a Telegram-based Tap-to-Earn game,
accumulating Notcoins by tapping on virtual coins. Completing
quests, participating in leaderboards, and utilizing boosts enhance
the earning potential, making Notcoin an accessible entry point for
blockchain gaming newcomers. Related Reading: Crypto Analyst
Predicts Top Altcoins To Make A 10x Return In 90 Days Notcoin
exemplifies a notable GameFi project, drawing over 35 million users
through its engaging gameplay and viral growth. The game promotes
social interaction by allowing players to form squads, invite
friends, and engage in community-driven activities. With a
total supply of 102.7 billion NOT tokens, Notcoin’s allocation
strategy prioritizes the community’s involvement. Approximately 78%
of tokens, accounting for around 80.2 billion, are allocated to
early miners and voucher holders, ensuring a significant portion
remains with the community. The remaining 22% is reserved for
new users, traders, and future development phases, fostering a
decentralized and community-driven ecosystem. NOT Surges To New
All-Time High Notcoin experienced a decline in value down to
$0.0045 on May 23 after a successful airdrop and listing on major
exchanges like Binance. However, the token has since surged to
$0.012 within the past 24 hours, reaching a new all-time
high. One of the key drivers behind this surge is the
increase in on-chain holders, surpassing competitors such as Shiba
Inu (SHIB), Bonk Inu (BONK), and Pepe Coin (PEPE). Notcoin boasts
over 1.6 million holders, surpassing SHIB’s count of 1.4 million.
According to CoinGecko data, Notcoin has also witnessed a
substantial increase in trading volume, with a 45% surge compared
to the previous day, reaching $1.4 billion traded within 24 hours.
Notably, it has become the 7th most traded asset on Binance,
surpassing Solana (SOL), Dogecoin (DOGE), and XRP. The introduction
of passive earning missions in the Telegram Game has contributed to
Notcoin’s recent surge in price, trading volume, and almost
doubling of its market cap within a week. Related Reading:
Crypto Strategist Who Predicted Bitcoin Rejection At $70,000
Reveals Where Price Is Headed Next As the market awaits further
developments, it remains to be seen whether Notcoin’s recent
achievements will lead to a continuation of the uptrend,
potentially reaching higher levels. The combination of
increased on-chain holders, growing trading volume, and the
introduction of new gameplay features positions Notcoin for
continued growth and market recognition. Featured image from
Shutterstock, chart from TradingView.com
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