Sokipiriye Dokubo
Notcoin (NOT), a crypto asset, has made significant progress by entering the top 10 cryptocurrencies by daily trading volume after being listed on various centralized exchanges on May 16. This achievement showcases a notable surge in demand, leading to a substantial increase in the coin’s market capitalization.
Key Achievements and Market Performance
Within 24 hours of its listing, Notcoin climbed to the eighth spot in trading volume among cryptocurrencies, with a trading value surpassing $1.4 billion. Despite an initial price drop from $0.02156 to $0.006618, the coin is actively traded on major platforms like Binance and OKX.
The market capitalization of Notcoin witnessed a remarkable surge to $1 billion within just 10 minutes of its official launch, currently standing at $697 million, placing Notcoin at the 107th position among the largest crypto assets.
Notcoin’s strong trading volume and investor interest have caused its market performance to outpace competitors like Pixels (PIXEL) and Saga (SAGA). PIXEL dropped to second place with a peak market cap of $730 million post-Notcoin’s debut, while SAGA reached a maximum capitalization of $684 million.
Industry Responses and Future Outlook
Pavel Durov, the founder of Telegram, commended Notcoin’s impressive performance, emphasizing the benefits that the Telegram platform offers to app developers and crypto enthusiasts. Notcoin is tradable on major exchanges such as Binance, OKX, and Bybit, and can also be acquired through Telegram’s Wallet.
With a total supply exceeding 102 billion tokens, 80.2 billion Notcoin tokens are already in circulation among community members. The remaining coins are allocated for new users, traders, listing companies, and future project developments.
Distinct Characteristics and Popularity
Notcoin, a Web3 game running on the TON blockchain, was introduced as a Telegram mini-app in January and has attracted over 35 million players swiftly. Developers emphasize that Notcoin stands out among gaming tokens by ensuring players own 100% of their coins.
Notcoin has gained notable popularity in the Nigerian crypto realm, with many enthusiasts engaging in the Web3 game via Telegram, earning tokens. This widespread acceptance in Nigeria showcases the coin’s expanding influence and potential for future growth.
Anticipated Developments
Given its rapid rise in trading volume and market capitalization, Notcoin is set to sustain its upward trajectory. Investors and cryptocurrency enthusiasts are advised to monitor this dynamic asset as it progresses, potentially reshaping the gaming token and Web3 application arena.