Crypto
Notcoin Moves into the TOP 100 with a Weekly Gain of 75%
Notcoin (NOT) has surged into the top 100 cryptocurrencies, boasting a 75% weekly and 20% daily increase, reaching a market cap of around $1 billion. Part of the Toncoin ecosystem, Notcoin leverages Telegram’s user base for casual gaming, rewarding users with NOT. The future success hinges on continuous incentives and developer engagement.
![Notcoin](https://born2invest.com/wp-content/uploads/2024/05/piggybank-IkJSEifWLnc-unsplash-e1717059843776.jpg)
Notcoin (NOT) is the star of the hour among the altcoins, with a weekly increase of 75 percent and a daily increase of a good 20 percent. This has also pushed Notcoin into the top 100 cryptocurrencies. What’s going on with NOT?
It has only been two weeks since the launch of Notcoin (NOT) and the game token has already worked its way into the top 100 global cryptocurrencies. With a weekly increase of 75 percent and a daily increase of more than 20 percent, Notcoin’s market capitalization is now around 1 billion US dollars. During its rally, NOT has seemingly effortlessly overtaken long-established cryptocurrencies such as IOTA, Tezos and EOS in terms of market capitalization. What is the basis for Notcoin’s momentum?
The pre-launch phase for NOT with campaigns on Binance, for example, has already demonstrated huge interest in Notcoin
The game token is part of the Toncoin (TON) ecosystem , the other big winner of the crypto year so far. Both focus on the messenger service Telegram as a basis. While Toncoin is establishing itself there as a means of payment, Notcoin brings casual gaming to users. More than 35 million people have already tried out the simple click-to-win game Notcoin on Telegram and have been rewarded with NOT.
Notcoin has now entered the next phase of its development and is inviting people to take part in partner projects. There, you can complete tasks in a fun way and receive NOT as a bonus in return. These rewards are particularly high for those who have already staked large amounts of Notcoin and have thus secured higher levels in the game. In practice, this currently feels like an infinite airdrop, for which the personal time required remains manageable.
In the medium and long term, Notcoin wants to become the “Netflix of social and viral games.” Telegram has more than 900 million active users, so the potential audience for Notcoin and partner projects has so far only been tapped to a small extent.
Conclusion: Shooting star Notcoin – will the success be sustainable?
Telegram, along with Toncoin and Notcoin, is currently way ahead of the popular messenger services when it comes to anchoring crypto natively in the respective app. The NOT rally is also due to the fact that latecomers want to reach a higher in-game level by buying Notcoin in order to increase their bonuses.
In order to keep the enthusiasm high, Notcoin and partner projects will have to continuously set new incentives. To do this, the company wants to make it easy for developers to place their small crypto games on Notcoin and thus also on Telegram through a launchpad. It is probably still too early to predict whether the Notcoin concept can work in the long term. But these days, NOT is electrifying users and investors alike.
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(Featured image by PiggyBank via Unsplash)
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First published in BLOCK-BUILDERS.DE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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