Notcoin (NOT) Price Analysis: Emerging Player in the Crypto Market

Notcoin, a popular Telegram-based cryptocurrency, has experienced a notable price surge over the past 24 hours. This surge comes with an impressive increase in trading volume, surpassing that of SHIB. With a 128.51% jump in trading volume to $1.3 billion, highlighting a growing interest from investors.

Notcoin Surge In Market Cap

Notcoin is a unique gaming project on Telegram, where users earn NOT tokens by tapping a virtual coin. This simple yet engaging game has attracted over 35 million participants and led to Notcoin’s listing on major crypto exchanges like Binance, Bybit, and OKX.

The game’s success has inspired similar applications, boosting user engagement in the crypto market. With its recent surge, Notcoin’s market cap has reached $2 billion, making it the 49th largest cryptocurrency. 

This puts it in close competition with VeChain (VET), Maker (MKR), and Optimism (OP), which have all seen a price drop recently.

Notcoin Price Analysis

Notcoin is experiencing a notable increase, indicating the potential for a bullish period ahead. The Relative Strength Index (RSI) is at 58, suggesting that Notcoin is neither overbought nor oversold. The cryptocurrency is poised to test the resistance level at $0.03 soon. 

If this trend continues, Notcoin’s price could climb toward $0.05 and potentially reach $0.1 by the end of Jun. As of now, Notcoin is trading at $0.0198, reflecting a 4.5% drop in price over the last 24 hours, with a market cap of $2 billion.