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Notcoin price is showing significant bullish momentum despite the weakness of Bitcoin and other large-cap altcoins.
$NOT saw a decline at the start of the week as rising macroeconomic risks triggered significant selling pressure in the broader cryptocurrency market. However, since hitting a local low of $0.015 on Tuesday, Notcoin price has recovered by almost 40% to trade at $0.21 on Friday.
Its current price is $0.020 and its market cap is just under $2 billion, making it the 49th largest cryptocurrency on CoinMarketCap.
Why are experts optimistic about Notcoin?
Notcoin is the native cryptocurrency of the TON (Telegram Open Network) blockchain, created by the founders of Telegram.
Due to the integration of blockchain into the messaging app Telegram and its high scalability, TON is quickly becoming one of the most popular Layer 1 networks in the Web3 industry. In fact, some experts call it the perfect solution for mainstream cryptocurrency adoption.
For example, TON’s daily increase in active addresses has so far surpassed that of Ethereum in June.
Likewise, TON already has a TVL (Total Value Locked) of just under $600 million, with its USDT pool now exceeding $450 million in just over two months.
The growing popularity of the blockchain has given $NOT a huge boost. However, it is Notcoin’s monetizable playability that makes experts extremely optimistic about its upside potential.
Notcoin was originally launched as a beginner-friendly game on Telegram where players could earn free cryptocurrencies by simply tapping the screen. The game’s popularity quickly grew massively, leading to a significant increase in the price of NOT.
Can Notcoin price reach $1 in 2024?
Notcoin’s resilience during this crypto crash has not gone unnoticed. During a time when most altcoins – including Ethereum – are showing extreme weakness, $NOT has held strong, even rising over 36% in the past month.
More importantly, Notcoin’s correlation with Bitcoin has decreased significantly, meaning that the token is neither negatively affected by BTC’s bearish trend nor by the general market sentiment.
$NOT price is currently consolidating below the $0.020 resistance. A breakout above it could trigger another major upward move and a push towards new highs.
In the long run, Notcoin could turn out to be one of the best performing cryptocurrencies during this bull cycle. While a $1 price target might be unattainable this time around – as it would require a $100 billion market cap – $NOT remains poised to reach a new all-time high of $0.50.
Could PlayDoge be the next 100x meme coin?
The success of Notcoin indicates the high potential of the play-to-earn sector, especially if the games are beginner-friendly and appeal to the masses.
Similarly, a new GameFi meme coin – PlayDoge ($PLAY) – has raised nearly $5 million in its presale in just over two weeks.
PlayDoge combines the iconic Doge character with the 90s nostalgia of Tamagotchi to create an exciting virtual pet management game that also offers free cryptocurrency. Similar to Tamagotchi, players can keep Doge as their pet and interact with him through a smartphone application.
They must train, feed and play with their pet or watch it die or run off to another house. More importantly, players can complete a series of classic 2D games – similar to 8-bit sidescrollers – and earn free cryptocurrency in the form of additional $PLAY tokens.
Players who rank high on the leaderboard will also receive bonus $PLAY rewards. Alternatively, investors can simply stake their shares and earn passive income, currently at an APY of over 180%.
PlayDoge sits at the intersection of two of the most sought-after sectors of this bull market – GameFi and meme coins. Given the already impressive pre-sale numbers, some experts are calling PlayDoge the next 100x meme coin.
Visit the PlayDoge presale
