The Notcoin (NOT) value rally appears to be unstoppable at this stage with the Telegram-based cryptocurrency gaining one other 40% within the final 24 hours, hitting a brand new all-time excessive of $0.012 with a market cap of $1.218 billion. Also, the day by day buying and selling quantity for NOT has surged by 18% taking pictures previous $1.2 billion.
Notcoin (NOT) Price Extends Weekly Gains to 150%
Over the final week, the Notcoin (NOT) price has rallied by a staggering 150% including greater than $640 million to its market cap.
NOT’s exceptional surge in development aligns with the rising recognition of Notcoin, a play-to-earn Web3 recreation hosted on Telegram. This recreation permits customers to transform their in-game foreign money into NOT tokens, attracting important curiosity from Telegram’s expansive consumer base.
On May 16, 2024, the Notcoin (NOT) token formally debuted, reaching its peak at $0.009900. However, by May 23, 2024, the NOT value underwent a pullback part, plummeting to round $0.004500, marking a lower of roughly 54%.
Following this pullback part, the NOT value skilled a big upsurge, surpassing its earlier all-time excessive of $0.009900. The latest surge of Notcoin has triggered a wave of liquidations with over $5.9 million briefly positions liquidated within the final 24 hours.
Just two days in the past, NOT entered the highest 100 belongings checklist and achieved a market capitalization of $1 billion. However, it has since surged in rankings, now standing because the 81st largest asset with a market capitalization of $1.2 billion.
Additionally, the NOT workforce proudly introduced that the token boasts 1.6 million on-chain holders, surpassing standard meme cash like Shiba Inu, BONK, and Pepe when it comes to holder rely.
Caution Ahead for NOT?
In latest information launched by Santiment, the Relative Strength Index (RSI) for NOT, the native token of Notcoin, is presently located at 83. This indicator means that Notcoin is presently overbought, elevating issues about potential value manipulation by giant holders, generally known as whales.
To maintain its upward value trajectory, NOT would possible profit from a cooldown interval, with its RSI dropping under the 50 mark. This adjustment may probably mitigate the chance of extreme hypothesis and facilitate a extra secure market setting for Notcoin.
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