Notcoin has surged over 30%, reaching an all-time high of $0.01244
Notcoin (NOT) has recently emerged as the top gainer among the leading 100 cryptocurrencies, despite the broader crypto market experiencing a bearish trend. In the past 24 hours, NOT has surged by over 30%, reaching an all-time high of $0.01244.
With a market cap of $1.23 billion, NOT is currently the 72nd-largest cryptocurrency. This impressive rally is largely attributed to a significant increase in user engagement following the introduction of passive earning features in the Notcoin ecosystem. These features have captivated the interest of many crypto enthusiasts, driving up the demand for NOT.
According to data from Santiment, the relative strength index (RSI) for NOT is 83. This high RSI value indicates that Notcoin is overbought amid the broader crypto market downturn. The market has currently entered a consolidation phase, characterized by range-bound movements. Bitcoin (BTC), the leading cryptocurrency, struggles to hold above the $68,000 price level. Also, several other crypto assets, such as Shiba Inu (SHIB) and Pepe (PEPE), are experiencing significant price declines.
Notcoin Unveils Passive Earning
Notcoin has introduced “earnings missions” in its Telegram-based game, allowing players to earn crypto passively. These missions offer continuous rewards for engaging with partner crypto projects. Players can enhance their earnings by staking Notcoin and progressing through various in-game levels, with higher levels offering greater returns.
Following the launch of its NOT token, Notcoin achieved a substantial market cap, making it the largest gaming token launch of the year. This milestone was highlighted in a post by CryptocurrenciesToWatch (CTW) on X.
Notcoin has just become the largest gaming token launch of the year. https://t.co/6aDI2rb28U
— Cryptocurrencies To Watch (CTW) (@CryptosToWatch) May 18, 2024
Upon launch, NOT was listed on major exchanges like Binance, Bybit, OKX, and KuCoin. However, this widespread use contributed to a significant price drop as airdrop recipients quickly sold their holdings, causing the token to plummet by 55% shortly after its debut. The downtrend continued for over a week, reaching a low of $0.004583 on May 24. Despite this, the low price marked the start of a recovery for NOT.
As Notcoin continues to evolve and introduce new features, it remains a cryptocurrency to watch closely. The community’s response to passive earning opportunities and strategic developments will play a crucial role in shaping its future trajectory.