Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy?
Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy? / Source: Cryptonews
Notcoin (NOT) has taken crypto markets by storm in the last few weeks since its launch on May 16, with the Notcoin price pumping up 150% in the last seven days to new all-time highs amid surging trading volumes.
The Notcoin price surge comes after trading volumes exceeded $1.47 billion on Thursday, as per Yahoo Finance data . That’s a lot for a coin with a market cap of just $1.2 billion, as per CoinMarketCap .
Last around $0.0118, the Notcoin price has pulled back a tad from Thursday record highs above $0.013.
Notcoin is a play-to-earn crypto issued on the TON blockchain and powers a Telegram-based social clicker game.
As one of the best project on the TON blockchain, NOT is backed by the TON Foundation.
And Notcoin’s game has already seen explosive growth. As per social media reports, the TON blockchain welcomed over 1 million new users in 30 hours following Notcoin’s launch.
Notcoin’s tokenomics are incentivized to promote activity. Inactive users have 5% of their holdings burnt everyday if they are inactive for more than 30 days.
Notcoin Price Prediction – Time to Buy?
The Notcoin price has formed a descending triangle pattern in the last 24 or so hours.
That suggests a price dip could be coming, perhaps back to support in the $0.01 area.
The Notcoin price could dip in the coming hours. But such dips could be a great time to buy. Source:
TradingView
A decline back here could see NOT’s market cap slip back below $1 billion.
For a game that has been able to attract such explosive growth, and has so much potential, it probably won’t stay under $1 billion for long.
Traders are likely to view NOT price dips as buying opportunities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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