Notcoin (NOT) Price Skyrockets 69% in 3 Days as Meme Coin Mania Returns Amid Crypto Recovery
- PHPzOriginal
- 2024-07-12 10:27:09376browse
Amid the ongoing crypto recovery led by Bitcoin (BTC) price following a general capitulation last week, the Toncoin-built meme coin, Notcoin (NOT), has signaled the onset of bullish sentiment.
The price of Bitcoin (BTC) has led a crypto recovery following a general capitulation last week, and now, the Toncoin-built meme coin, Notcoin (NOT), has signaled the onset of bullish sentiment.
During the mid-London session, the Telegram-based GamiFi project has already risen around 69% in the past three days to trade around $0.0171 on Monday.
The mid-cap altcoin, with a fully diluted valuation of about $1.7 billion, has seen its daily average traded volume spike over 10% in the past 24 hours to about $1.2 billion at the time of this report.
Notcoin Price Surges 69% in 3 Days, What's Next?
The Notcoin project has harnessed Telegram’s global clout as a social networking platform. Major crypto exchanges, including Binance and Bybit, have listed the NOT token.
According to on-chain data, the Notcoin project has about 2.44 million holders and a total liquidity of nearly $5 million in TON and $1.5 million in Tether (USDT).
The Notcoin project is gaining ground as a community-driven token that aims to integrate users into the Web3 ecosystem through its tap-to-earn game.
To ensure continuous Web3 adoption, the project launched Notcoin Explore last week. The Notcoin Explore has already attracted over 200 Web3 projects seeking to advertise through its 22.5 million users.
Notcoin price surged as meme coin industry shows resilience despite bear market
While the meme coin industry has been under bearish stress for the last few weeks, NOT price has largely benefited from the growing Toncoin (TON) ecosystem.
From a technical standpoint, NOT price has closed above the 50-day moving average (MA) after the Relative Strength Index (RSI) rebounded from the oversold level in the last few days.
In the short term, NOT price is eyeing $0.022, which coincides with the daily 0.618 Fibonacci Retracement.
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