Connect with us

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.

Published

on

Notcoin

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.

__

(Featured image by  PiggyBank via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

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.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us

Sharon Harris is a feminist and a part-time nomad. She reports about businesses primarily involved in tech, CBD, and crypto. She started her career as a product manager at a Silicon Valley startup but now enjoys a new life as a personal finance geek and writer. Her primary aim is to provide readers with a new perspective on the overlapping world of finance and technology.