Notcoin price surged 600% on top exchanges Binance and OKX after listing the NOT token on May 16. On-chain data reveals how liquidity and investor participation skyrocketed post-listing.
What Is Notcoin (NOT)?
Notcoin (NOT) is a play-to-earn game embedded in Telegram, attracting millions of players. Users "mine" or earn the NOT token within this mini-app. By March 2024, it had 35 million total players and six million daily active users, ranking among the most popular crypto games.
The NOT token launched officially on May 16, 2024, and became available on major exchanges like Binance and OKX.
Why Is Notcoin Price Rising?
Notcoin’s price rallied 600% post-launch due to heightened liquidity and investor interest triggered by Binance and OKX listings.
- Trading Volume Surge: Notcoin entered the top 10 cryptocurrencies by daily trading volume within 24 hours, with over $1.2 billion traded.
- Price Action: NOT surged from $0.001 to $0.0099 on May 16, peaking at a $715.7 million market cap.
👉 Discover how exchange listings impact crypto prices
Is It Too Late to Buy Notcoin (NOT)?
Notcoin remains bullish based on the Trading Volume-to-Market Cap (TVMC) ratio:
- Current Metrics: $578M market cap, $214.7M 24-hour volume (TVMC ratio: 37%).
- Implications: High trading activity signals sustained investor interest.
Key factors influencing future performance:
- Ecosystem developments
- Potential new exchange listings (e.g., Coinbase)
Price Forecast: Can $0.005 Support Hold Ahead of Coinbase Listing?
- Current Price: $0.0056 (down 44% from $0.0099 peak).
- Support Level: $0.005 (early entry point for May 16 buyers).
- Resistance: Initial hurdle at $0.006.
👉 Learn about crypto support and resistance levels
FAQs
Q: What drives Notcoin’s price volatility?
A: Exchange listings, trading volume spikes, and market sentiment.
Q: How does the TVMC ratio indicate bullish trends?
A: A high ratio (e.g., 37%) reflects active trading relative to market cap, often a bullish sign.
Q: Could Notcoin drop below $0.005?
A: Possible if selling pressure intensifies, but current metrics suggest strong support.
Disclaimer: This content is informational only. Conduct independent research before investing.
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