Notcoin (NOT) Extends Weekly Rally to Over 350% Hitting New All-Time High

Telegram-based cryptocurrency Notcoin (NOT) has delivered a one-sided rally extending its weekly features to greater than 350%. Whereas 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 Day by day Transaction Volumes Skyrocket

Within the current rally, Notcoin’s each day transaction quantity has skyrocketed by 220% shifting all the best way previous $4.5 billion making it the fourth-highest handled cryptocurrency at the moment available in the market.

Analysts attribute the surge in Notcoin’s worth to its profitable integration with Telegram’s intensive person base. Though the current airdrop was initially met with lukewarm reception, it has since skilled a constructive turnaround, mirrored within the token’s worth improve.

The notable progress in Notcoin network transactions aligns with its rising recognition. The platform permits customers to earn NOT tokens by way of easy video games and job completion. Lately, Notcoin launched “earnings missions,” which allow passive token accumulation, additional boosting person engagement.

With its easy gameplay and social media integration, Notcoin is well-positioned to capitalize on the rising play-to-earn pattern. Market analysts consider that the Notcoin price might be eyeing potential features to $0.1.

Whale Exercise Surges

On-chain information supplier Lookonchain has reported a major surge within the worth of Notcoin ($NOT), which has risen by greater than 400% previously seven days.

Lookonchain highlighted {that a} notable investor, known 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.

Every 1,000 $wNOT might be exchanged for 1 $NOT. On Might 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% previously 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 Might 21, he… pic.twitter.com/Da29qniVzg

— Lookonchain (@lookonchain) June 3, 2024

So long as the craze round Telegram mini apps continues, the Notcoin bulls will proceed to cost in, reaching larger worth targets.

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Bhushan is a FinTech fanatic and holds a great aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Expertise and Cryptocurrency markets. He’s constantly in a studying course of and retains himself motivated by sharing his acquired data. In free time he reads thriller fictions novels and typically discover his culinary expertise.

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