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TON Blockchain’s NOT Coin Rises 400% in Last 7 Days: What’s Happening?
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TONNE Blockchain is one of the quietest and fastest-growing parts of the cryptocurrency industry. Some of its coins, like the NOT coin, have risen enormously, securing a 400% gain in seven days, which shows that not all the action is happening on Ethereum or Solana networks.
Due to its significant price increase, Notcoin is in the spotlight. The coin’s value has increased by more than 400% in the last seven days. Several things contribute to this increase, one of which is the growing interest in whales.
An unrealized profit of $862,000 from NOT coin was secured by one of these whales. To acquire 46.4 billion NOT before the coin was publicly listed, this specific whale made an estimated investment of 50,550 TON, or $278,000. The initial investment yielded significant returns as the value of NOT increased.
On May 21, the whale turned 46.4 billion wrapped NOT (wNOT) into 46.4 million NOT. Due to the substantial profit made from holding this investment, it is clear that early and wise investments in emerging cryptocurrencies have potential. The growing interest and trust in the TON blockchain is indicated by the trading volume and price of NOT coins movement.
The recent increase in volume on the chart indicates significant buying activity, which bodes well for future price movements. The price increase is supported by volume trends, indicating that there may be more long-term interest in the token than just a transient pump. Technically speaking, the chart displays a series of green candles that represent several consecutive days of gains.
On the other hand, given the recent sharp rise, there could be a small pullback or period of profit taking. Because these patterns can reveal information about the future course of currencies, it is important to keep an eye on them.
The bottom of the relative strength index of the chart shows that the currency is approaching overbought conditions, which could cause a correction.
About the author
Arman Shirinyan
Arman Shirinyan is a trader, crypto enthusiast and SMM expert with over four years of experience.
Arman firmly believes that cryptocurrencies and blockchain will be in constant use in the future. Currently, it focuses on news, articles with in-depth analysis of cryptocurrency projects, and technical analysis of cryptocurrency trading pairs.