The little-known cryptocurrency Notcoin (NOT) has rocketed in value over the past week, experiencing a staggering 350% surge. This astronomical rise propelled NOT to a new all-time high of $0.027, briefly making it the fourth-highest traded crypto by daily volume.
While the broader cryptocurrency market took a breather over the weekend, Notcoin defied the trend with a further 40% jump on Sunday. This impressive rally has significantly boosted Notcoin’s market capitalization by over $2 billion, currently sitting at $2.439 billion.
Analysts attribute this surge to Notcoin’s successful integration with Telegram’s massive user base. Despite an initial lukewarm reception to a recent airdrop, the token’s price has skyrocketed, suggesting a positive turnaround in investor sentiment.
Explosive Trading Volumes and Play-to-Earn Appeal
The recent rally has been accompanied by a remarkable 220% increase in Notcoin’s daily transaction volume, exceeding a staggering $4.5 billion. This places Notcoin among the top four most actively traded cryptocurrencies at the moment.
Experts believe the integration with Telegram is a key driver behind this surge. Notcoin allows users to earn NOT tokens through simple games and task completion. The platform’s recent introduction of “earnings missions” further incentivizes user engagement by enabling passive token accumulation.
This focus on user-friendly gameplay and social media integration positions Notcoin to capitalize on the booming play-to-earn trend within the crypto space. Some market analysts even predict potential gains that could push the Notcoin price to $0.1.
Whales Take Notice
On-chain data provider Lookonchain reported a significant surge in Notcoin’s price, highlighting a prominent investor, often referred to as a “whale,” who has reaped significant profits from the recent rally. This whale reportedly purchased a substantial amount of Notcoin before it was officially listed, resulting in an unrealized profit of over $862,000.
The continued popularity of Telegram mini-apps, which include Notcoin, seems to be fueling the bullish sentiment surrounding the token. As long as this trend persists, analysts expect Notcoin to maintain its upward trajectory and potentially reach even higher price targets.