Telegram-based cryptocurrency Notcoin (NOT) has delivered a one-sided rally extending its weekly positive aspects to greater than 350%. While the broader cryptocurrency market consolidated over the weekend, the Notcoin (NOT) worth surged by an extra 40% on Sunday hitting its all-time excessive of $0.027. As of press time, NOT is buying and selling at $0.02373 with a market cap of $2.439 billion.
Notcoin Daily Transaction Volumes Skyrocket
In the latest rally, Notcoin’s every day transaction quantity has skyrocketed by 220% shifting all the way in which previous $4.5 billion making it the fourth-highest handled cryptocurrency at present out there.
Analysts attribute the surge in Notcoin’s worth to its profitable integration with Telegram’s in depth person base. Although the latest airdrop was initially met with lukewarm reception, it has since skilled a optimistic turnaround, mirrored within the token’s worth improve.
The notable development in Notcoin network transactions aligns with its rising recognition. The platform permits customers to earn NOT tokens by easy video games and process completion. Recently, Notcoin launched “earnings missions,” which allow passive token accumulation, additional boosting person engagement.
With its simple gameplay and social media integration, Notcoin is well-positioned to capitalize on the rising play-to-earn development. Market analysts imagine that the Notcoin price could possibly be eyeing potential positive aspects to $0.1.
Whale Activity Surges
On-chain information supplier Lookonchain has reported a major surge within the worth of Notcoin ($NOT), which has risen by greater than 400% prior to now seven days.
Lookonchain highlighted {that a} notable investor, referred to as a whale, has an unrealized revenue of $862,000 on $NOT. This investor spent 50,550 $TON ($278,000) to buy 46.4 billion $wNOT earlier than $NOT was listed.
Each 1,000 $wNOT might be exchanged for 1 $NOT. On May 21, the whale transformed all 46.4 billion $wNOT into 46.4 million $NOT and has been holding it since, realizing a revenue of roughly $862,000.
The worth of #Notcoin( $NOT) has risen by greater than 400% prior to now 7 days.
We seen {that a} whale has an unrealized revenue of $862K on $NOT.
He spent 50,550 $TON($278K) to purchase 46.4B $wNOT earlier than $NOT was listed.
1000 $wNOT might be exchanged for 1 $NOT.
On May 21, he… pic.twitter.com/Da29qniVzg
— Lookonchain (@lookonchain) June 3, 2024
As lengthy because the craze round Telegram mini apps continues, the Notcoin bulls will proceed to cost in, reaching larger worth targets.
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