Notcoin’s Market Cap Soars Past $2 Billion
The play-to-earn token Notcoin (NOT) is making waves with its recent price surge, attracting significant investor attention.
After launching on May 16, Notcoin saw an initial drop from $0.012 to $0.0050. However, in the last week, the token rebounded spectacularly, climbing over 335% to reach a peak of $0.028.
This surge has propelled Notcoin’s market cap to around $2.3 billion, placing it close to the top 50 cryptocurrencies. Its daily trading volume also spiked to $4.3 billion, up 265% from the previous day.
Crypto enthusiasts are buzzing about Notcoin’s performance. According to trader Crypto Steam, the recent rally was fueled by the introduction of staking, token burns, and market maker activities. Approximately 18 million NOT tokens have been burned, reducing the circulating supply and potentially driving future price increases.
READ MORE: EOS Community Approves Proposal to Cap Token Supply at 2.1 Billion
Notcoin is a Web3 game built on the TON blockchain, launched in January as a Telegram mini-app, quickly attracting over 35 million players. In May, it completed a massive gaming token airdrop and gained listings on major exchanges, boosting its visibility and market cap.
Recently, Notcoin introduced “earnings missions,” allowing users to earn rewards by completing quests, which has further increased user engagement and token value.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
