Notcoin topped the list of gainers on Friday with an over 12% rise. $NOT’s price rise comes against the backdrop of broader market weakness, with bigger cryptocurrencies like Bitcoin and Ethereum struggling to take cues to rise.
NOT Rises Over 12%
The NOT token, the driving force behind Notcoin, a unique clicker game on Telegram that offers users the opportunity to earn money while playing, is poised to continue its seven-day upward trajectory. The token is currently trading at $0.01918 a piece, marking a significant 12.19% increase from the same time yesterday.
This impressive return on investment has sparked the interest of many investors, prompting them to consider the opportune moment to acquire the token.
According to the latest projections by analysts, the value of Notcoin (NOT) is anticipated to surge by 217.40% and reach $ 0.063083 by July 14, 2024. Numerous technical indicators signal bullish market sentiment, with the Fear & Greed Index currently at 74 (Greed).
Over the previous 30 days, Notcoin had price fluctuation with 13/29 (45%) green days. Notcoin is expected to hit a high of $0.090456 before the end of this year.
With an expected price surge for the future, market participants are pooling their opinions about the prospects of keeping NOT in their portfolio. With major indicators giving bullish signals, many investors will likely keep the token in their close view.
Why Is NOT Hype Rising?
The surge in NOT’s popularity can be attributed to the growing confidence of investors in the ecosystem and its projects. A prime example is the Recent announcement by the TON Blockchain, NOT’s parent company, stating that its Total Value Locked (TVL) has reached a staggering $500 million. This represents a significant increase in the value of assets locked on the network, which has grown from $22.9 million to over $500 million in just three months since March.
This kind of growth rate of 2,000% indicates the level of investor trust the ecosystem currently enjoys. It represents how the TON ecosystem is viewed as a trustworthy, well-developed blockchain and token. The project has advanced significantly with this increase in TVL, confirming TON’s plan to initiate several strategic initiatives to improve network performance and raise user engagement.
