Markets
Emerging player in the crypto market
Notcoin, a popular Telegram-based cryptocurrency, has seen a notable price rise over the past 24 hours. This surge is accompanied by an impressive increase in trading volume, surpassing that of SHIB. With a 128.51% increase in trading volume to $1.3 billion, highlighting growing investor interest.
Increase in market capitalization of Notcoin
Notcoin is a unique game project on Telegram, where users do NOT earn tokens by tapping a virtual coin. This simple yet engaging game attracted over 35 million participants and led to the listing of Notcoin on major crypto exchanges like Binance, Bybit, and OKX.
The success of the game has inspired similar applications, increasing user engagement in the crypto market. With its recent rise, the market capitalization of Notcoin reached $2 billionmaking it the 49th largest cryptocurrency.
This puts it in close competition with VeChain (VET), Maker (MKR), and Optimism (OP), all of which have seen their prices drop recently.
Notcoin Price Analysis
Notcoin is seeing a notable rise, indicating the potential for a bullish period ahead. The relative strength index (RSI) is at 58, suggesting that Notcoin is neither overbought nor oversold. The cryptocurrency is poised to test the resistance level at $0.03 soon.
If this trend continues, Notcoin price could rise to $0.05 and potentially reach $0.1 by the end of June. For now, Notcoin is trading at $0.0198reflecting a 4.5% price decline over the past 24 hours, with a market capitalization of $2 billion.