Markets
Emerging player in the cryptocurrency market
Notcoin, a popular Telegram-based cryptocurrency, has seen a notable price increase in the last 24 hours. This surge is accompanied by an impressive increase in trading volume, surpassing that of the SHIB. With a 128.51% increase in trading volume to $1.3 billion, highlighting growing interest from investors.
Notcoin surge in market capitalization
Notcoin is a unique game project on Telegram, where users earn NOT tokens by touching a virtual currency. This simple yet addictive game attracted over 35 million participants and led to Notcoin’s listing on major cryptocurrency exchanges such as Binance, Bybit, and OKX.
The game’s success has inspired similar applications, increasing user engagement in the cryptocurrency market. With its recent surge, Notcoin’s market capitalization reached $2 billionmaking it the 49th largest cryptocurrency.
This puts it in close competition with VeChain (VET), Maker (MKR), and Optimism (OP), all of which have seen price drops recently.
Notcoin price analysis
Notcoin is seeing a notable increase, indicating the potential for a bullish period ahead. The Relative Strength Index (RSI) is at 58, suggesting that Notcoin is neither overbought nor oversold. The cryptocurrency is ready to test the resistance level at $0.03 soon.
If this trend continues, Notcoin price could rise towards $0.05 and potentially reach $0.1 by the end of June. As of now, Notcoin is trading at $0.0198reflecting a price decline of 4.5% over the past 24 hours, with a market capitalization of $2 billion.