Notcoin (NOT) on a Tear: Surpasses Meme Coin Rivals in Holders and Price

Notcoin (NOT), a recently launched Telegram-linked cryptocurrency, has been on a hot streak, surging in price and surpassing established

Arslan Butt•Monday, June 3, 2024•1 min read

Notcoin (NOT) on a Tear: Surpasses Meme Coin Rivals in Holders and Price

Notcoin (NOT), a recently launched Telegram-linked cryptocurrency, has been on a hot streak, surging in price and surpassing established meme coins in onchain holders.

TL;DR

NOT price skyrocketed over 350% in a week, reaching a new all-time high of $0.0294.
Market capitalization ballooned to over $2.5 billion.
NOT boasts 1.6 million onchain holders, eclipsing Shiba Inu, Bonk, and Pepe.
Analysts predict further gains, with some eyeing a potential climb to $0.1.
Technical analysis suggests a bullish trend for NOT.

Notcoin’s Rise to Prominence

NOT’s meteoric rise can be attributed to several factors:

Integration with Telegram: Its connection to Telegram’s vast user base is seen as a major advantage.
Play-to-Earn Mechanics: Earning NOT through games and tasks fuels user engagement.
Successful Airdrop: A recent airdrop, coupled with the introduction of “earnings missions,” has boosted user interest.

Notcoin Whales and Market Mania

On-chain data reveals significant whale activity, with some investors reaping huge profits from the NOT rally. This fervor, fueled by the “play-to-earn” craze and the success of Telegram mini-apps, propels NOT’s price further.

Standing Out from the Crowd

Unlike other meme coins struggling to maintain momentum, NOT is experiencing a surge in both holders and price. This unique combination positions NOT as a potential frontrunner in the meme coin space.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.