News, Price Analysis

Notcoin (NOT) Price Surges 40% After Airdrop, Community Cheers

In the world of cryptocurrencies, one name stands out: Notcoin. This web3 clicker game has captured the attention of crypto enthusiasts everywhere. 

Recently, Notcoin (NOT) surged 33.42% to $0.006884 after the community strongly chose it over Bitcoin in surveys. The Notcoin team has increased user engagement and investment interest following a new airdrop and earning missions. Last week, Notcoin soared 600% on top exchanges after Binance and OKX listed NOT. According to on-chain statistics, market liquidity and investor involvement increased after the listing announcement.

Notcoin is Expected to Jump Higher

Notcoin’s price surged alongside a remarkable increase in open interest, jumping from $44 million to an impressive $101 million within 24 hours. Daily trading volumes soared by over 450%, surpassing $1 billion, as investors embraced long positions despite the broader market correction. Short liquidations surged, exceeding $4.4 million, indicating strong bullish sentiment in the futures market.

Notable Developments

NOT’s remarkable surge aligns with the growing popularity of Notcoin, particularly its play-to-earn Web3 game hosted on Telegram. This innovative game allows users to convert in-game currency into valuable NOT tokens, captivating the interest of Telegram’s vast user base. Despite an initial lull after the airdrop, Notcoin experienced a notable rebound, fueled by renewed social sentiment and strategic comparisons to Bitcoin.

Analyst’s Bullish Outlook

Cryptocurrency trader Zen sees a bright future for NOT, expecting it to grow in the mid-term. He thinks this because people are really into Notcoin, as shown by a Twitter poll where most preferred it over Bitcoin. Also, the team announced NOT Airdrop Phase 1, making investors more confident. This led to a big increase in open interest and trading volumes.

Bitcoin vs Notcoin

Notcoin’s developers are strategically marketing the project by comparing it to Bitcoin. They highlight Notcoin’s limited supply, wide distribution, and lower price compared to Bitcoin. By pointing out that when Bitcoin had a market cap of $0.5 billion in 2013, its price was about $100, they emphasize Notcoin’s growth potential.

Passive Earning Opportunities

Interestingly, the market is bullish on Notcoin as it has also introduced an innovative feature, “earning missions,” allowing users to passively earn NOT tokens by engaging with partner projects and communities. Users can enhance their rewards by staking NOT, with higher tiers offering substantial returns, amplifying the appeal of the project to both new and existing investors.

Keeping this analysis in mind one thing is certain: Notcoin’s journey is far from over.

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