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Notcoin price (NOT) rises 20%; Will TON-based currency save the day?
Dan Burgin
NOT is mirroring TON with massive increase in multiple metrics, and the future looks bright
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On Friday, June 14, the price of Notcoin (NOT) rose nearly 20%, paving the way for meme coins amid the strong performance of BTC and ETH, marking the token’s best performance in weeks.
This may be due to the fact that Coinbase recently announced that it will add Notcoin perpetual futures on Coinbase International Exchange and Coinbase Advanced starting June 20th. Some of these gains are attributed to the news that Binance will expand trading options for NOT, which was officially listed in May 2024.
The weekly chart shows a huge increase in NOT, although a 4% correction occurred shortly after. NOT is currently trading at $0.019.
Source: CoinMarketCap
Notcoin is a gaming token with over 35 million users. Since February, it has been firing, with a surprising increase of 400% in May alone. Last week, NO too mountain range a massive 67% increase in daily trading volume, surpassing Shiba Inu with $926.27 million
NOT’s market capitalization currently stands at $19 billion.
The Open Network strikes back
NOT’s price trajectory is in line with TON’s recent high performance. The Telegram-based network suffered a small drop in early June, but last week, the token’s price soared from $7.25 to $8.25.
Source: CoinMarketCap
Powered by Telegram’s 900 million user base, TON surpassed Ethereum in the number of new addresses, ensuring a positive outlook for the rest of the month.
According to analyst Ali Martinez, TON currently eyes a huge 40% bull run, targeting $11 target.
#Toncoin is preparing for a potential 40% breakout, targeting $11! However, the TD Sequential indicator suggests $TONS it may briefly drop to $7.2 to gather liquidity before recovery. pic.twitter.com/jMoZ1ugEga
-Ali (@ali_charts) June 13, 2024
About the author
Dan Burgin
Dan is an editor and news writer with 12 years of experience in finance and emerging technologies, with a strong focus on cryptography. Covering a wide spectrum of topics from fintech startups to AI, it provides an in-depth overview of the current state of the crypto market along with insights into its potential for future disruption.