With Notcoin exceeding 350% in a weekly rally, the market capitalization of Notcoin increased by $2 billion and the trading volume of NOT has also increased.
Based on the Telegram platform, the Notcoin (NOT) cryptocurrency has extended its weekly gains by over 350% with a unilateral rally. The Notcoin (NOT) price reached an all-time high of $0.027 on Sunday, while the broader cryptocurrency market consolidated over the weekend.
This represents an additional 40% increase in price from Saturday. NOT is trading at $0.02373 with a market capitalization of $2.439 billion as of press time.
The volume of daily transactions on Notcoin soars
Notcoin has surpassed $4.5 billion in daily transaction volume during its recent surge, an increase of 220 percent that ranks it as the fourth most actively traded cryptocurrency.
Analysts have ascribed the significant increase in the value of Notcoin to its effective integration with Telegram’s vast user base. Despite the token’s price increase, the recent airdrop has undergone a positive transformation following an initial lackluster reception.
The significant increase in transactions on the Notcoin network corresponds to its growing prominence. Users can acquire NOT tokens by completing basic tasks and games on the platform.
Notcoin has just implemented “earnings missions,” a feature allowing users to accumulate tokens, increasing user engagement passively.
Whale Activity Surges
Notcoin, by its uncomplicated gameplay and integration with social media platforms, is strategically positioned to leverage the expanding play-to-earn phenomenon. According to market analysts, the price of Notcoin may increase to $0.1.
Lookonchain, an on-chain data provider, has documented a substantial increase in the value of Notcoin ($NOT) over the last week. The price of NEO has risen by over 400%.
A noteworthy investor, known as a “whale,” has an unrealized profit of $862,000 on $NOT, according to Lookonchain. Before $NOT was listed, this investor spent 50,550 $TON ($278,000) to acquire 46.4 billion $wNOT.
One $NOT can be purchased for every 1,000 $wNOT. Since May 21, when it converted all 46.4 billion $wNOT into 46.4 million $NOT, the whale has retained the funds for an estimated $862,000.
As long as the demand for Telegram mini applications remains high, Notcoin supporters will continue to surge, ultimately attaining more elevated price targets.
