As Bitcoin (BTC) continues its recovery following last week’s market downturn, a new player is emerging in the spotlight: Notcoin (NOT). This Toncoin-built meme coin, part of the Telegram-based GamiFi project, has surged by approximately 69% over the past three days, trading around $0.0171 as of Monday’s mid-London session.
Notcoin, a mid-cap altcoin with a fully diluted market valuation of about $1.7 billion, has seen its daily trading volume soar by over 10% in the last 24 hours, reaching around $1.2 billion. This impressive uptick underscores growing investor interest and market confidence in the coin.
The Notcoin project is reaping substantial benefits from its association with Telegram, a platform renowned for its global outreach. Major crypto exchanges, including Binance and Bybit, have already listed the NOT token, further enhancing its visibility and accessibility.
On-chain data reveals that Notcoin has approximately 2.44 million holders and boasts a total liquidity of nearly $5 million in TON and $1.5 million in Tether (USDT). This solid financial backing supports its growing influence in the market.
Community-Driven Innovation
Notcoin’s appeal lies in its community-driven approach and its mission to integrate users into the Web3 ecosystem through its engaging tap-to-earn game. Recently, the project introduced Notcoin Explore, which has quickly attracted over 200 Web3 projects eager to connect with its 22.5 million users.
Despite a generally bearish trend in the meme coin sector over recent weeks, NOT has shown resilience, benefitting from the expanding Toncoin (TON) ecosystem. Technically, the price of NOT has recently closed above the 50-day moving average (MA), with the Relative Strength Index (RSI) rebounding from oversold conditions.
Looking ahead, the NOT price is targeting $0.022, aligning with the daily 0.618 Fibonacci Retracement level, indicating potential for further gains.
Read Also: Ripple vs. SEC: Whale Transfers 37.39 Million XRP Amid Case Settlement Speculations
Will NOT continue its defiance of the meme coin slump? Stay tuned to find out!
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