Notcoin (NOT), a relatively new coin in the crypto market recently saw its price soar by 26%. This bold movement has left community members and analysts wondering if the cryptocurrency will retest to a new All-time High (ATH) this cycle.
Notcoin’s Bold Movement
According to current data from CoinMarketCap, Notcoin is trading at $0.01235, demonstrating a 26.93% in the past 24 hours and a 149% increase in the past week. At the moment, NOT ranks as the 74th largest cryptocurrency based on its market capitalization of $1,269,422,048.
Additionally, the trading volume has also increased by more than 54% to $1,323,952,256. This price increase is quite outstanding for a cryptocurrency that began trading on exchanges only a few weeks ago.
If NOT continues this bullish momentum, its price can retest the ATH of $0.01445 soon. On the flip side, Notcoin’s price could fall below its current level. This is if it fails to sustain the critical resistance level of $0.012.
Some of the notable crypto exchanges to buy and sell NOT include Binance, Bybit, OKX, KuCoin, Bitfinex, and Gate.io, amongst others.
Why Notcoin is Gaining Ground
There are several reasons why Notcoin is gaining steam in the crypto market. However, a key factor is its close association with Telegram as it is built on The Open Network (TON) blockchain. With this integration, Notcoin taps into a pre-existing interest from Telegram users, making it easier for them to adopt the new token.
Initially developed as a mini-app on Telegram, Notcoin allows users of the app to earn a virtual currency called “Notcoins” by clicking on the screen. This approach attracted users by making crypto interaction more engaging than traditional methods like buying and holding.
The app quickly took over the crypto space, reaching 35 million active users in just a few months, according to reports from Crypto-Vanguard.
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