Markets
Notcoin token rises 400% and becomes best-performing asset in the crypto market
The Notcoin token is quickly becoming the star of the cryptocurrency industry with stellar performance of over 400% gain in value and a new all-time high of US$0.027.
The Telegram-Based Token it won a daily profit of 47% to emerge as the market’s biggest gainer, surpassing crypto heavyweights like Bitcoin and Ethereum.
Notcoin’s stellar performance has caught the attention of several crypto analysts who are trying to understand the frenzy behind the social media-driven crypto project.
We will now look at Notcoin’s growth trajectory from its inception to becoming the best performing asset on the market at the moment.
Notcoin’s Journey to 400% Value Gain
Notcoin began as a discrete in-game currency for a bot-powered telegram-based clicker game. The project launched in late 2023 and players could earn NOT tokens by repeatedly tapping a virtual gold coin.
News continues after this announcement
News continues after this announcement
This simple yet effective strategy has onboarded millions of crypto enthusiasts to the project hosted on the Telegram app.
In May 2024, Notcoin expanded its project on the Telegram platform by introducing various missions and earning tasks that allow users to earn tokens.
The Play-to-earn model, along with the Telegram app’s huge user base, appears to be the key to Notcoin’s massive adoption, resulting in its increase in value.
Commercial activity reaches new heights
Notcoin’s daily transaction volume has reached new heights. The crypto asset’s daily transaction volume increased by more than 220%, surpassing the $4.5 billion mark. According to Coinpediathis makes Notcoin the fourth most traded cryptocurrency at the moment.
Analysts believe that the above success can be attributed to the adoption of Notcoin by Telegram’s large user base. This, coupled with a successful airdrop campaign, which allowed users to make money in Nigeria.
The increase in trading activity reflects the growing adoption of the Notcoin ecosystem, where users earn tokens by playing games and completing tasks, increasing user engagement.
Whale Activity Boosts Notcoin’s Credibility
The Notcoin ecosystem received significant credibility when crypto-whaling activity was detected in its ecosystem.
On Chain Data Crypto Resources Company Lookonchain identified a crypto whale that invested 50,550$TON ($278K) to purchase 46.4 billion $wNOT before $NOT was listed. The whale is now sitting on an unrealized profit of $862,000
The whale’s sizeable holdings and potential future actions could significantly impact the token’s price stability.
What to know
- Notcoin is quite popular in the Nigerian crypto space with many Nigerian crypto traders actively engaged in their trading and making profits.
- A crypto whale is an investor with very large holdings in a specific crypto asset. Their actions and actions directly affect the stability and prices of the crypto assets they own.