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Notcoin posts weekly gains of 335%, closes in on top 50
Popular play to win The Notcoin (NOT) token continues to attract investors with its impressive price performance.
While the overall crypto market remains stable, NOT’s massive rise has caught the attention of traders, demonstrating strong buying interest.
Notcoin surpasses $2 billion market cap
The NOT token was officially launched on May 16. After his release, he abandoned by more than 60%, going from $0.012 to $0.0050.
However, over the past week, the token has seen a stunning recovery, rising over 335% to reach an all-time high of $0.028. NOT’s market capitalization has reached around $2.3 billion, bringing it closer to the top 50 cryptocurrencies. The 24 hours trading volume jumped to $4.3 billion, an increase of 265% from the previous day.
The crypto community is actively discussing the dynamics of Notcoin. Prominent Crypto trader Steam suggested that the main triggers for the current rally were the launch of the staking feature, the burning of tokens, and the actions of market makers.
“Approximately 18 million NON dollars were burned and removed from circulation forever (reduced selling pressure). While it doesn’t seem like investors are looking at additional burns in the future, this is crypto after all and valuations don’t necessarily have to be reasonable,” Crypto Stream note.
Learn more: 5 Best Toncoin (TON) Wallets in 2024
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Notcoin, a Web3 game on the TON blockchain, launched in January as a Telegram mini-app and quickly gained over 35 million players. In mid-May he achieved the largest gaming chip airdrop. Announcements on the main centralized exchanges fueled its growth by increasing trading volume and market capitalization.
Last week, Notcoin spear “earning missions”, increasing the functionality and value of the token. This new feature allows users to earn passive rewards by participating in various quests, thereby increasing community activity.
Learn more: What are Telegram bot parts?
Although NOT is relatively new to the market, its strong community support, attractive reward systems and support from key figures Position the token for further growth.
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