BIG ALERT for this WEEK: Will Notcoin reach $1 in June 2024?

Notcoin (NOT), which is a clicker game built within the Telegram messaging app, has seen a significant increase of more than 350% in just 7 days.

Amidst the ongoing crypto market breakdown, Notcoin (NOT) has made headlines by recording significant gains in the previous week. The coin, which is a clicker game built within the Telegram messaging app, has seen a significant increase of more than 350% in just 7 days. This growth helped NOT coin climb into the top 50 cryptocurrencies by market capitalization in just one month. 

To that end, let’s take a look at its fundamentals, the reasons for its recent price increase, possible returns on investment, and whether or not it’s a suitable investment option. Let’s get started.

What is Notcoin?

Notcoin is a popular clicker game that runs within the Telegram messaging app, allowing players to earn tokens that can then be exchanged into real-world cryptocurrency. Notcoin’s co-founder, Sasha Plotvinov, defined it as an experiment in token distribution. 

According to Sasha, many new cryptocurrencies have difficulty reaching genuine community members since institutional investors frequently acquire the bulk of new coins. NOT intends to remedy this by gamifying token distribution, providing a more equitable and direct means to receive tokens. 

Sasha mentioned that Notcoins are only available to individuals who play within the program, and he expects that this method would reward TON Foundation members in a fun way. Furthermore, NOT intends to ease the introduction of its cryptosystem. Sasha observes that many airdrops are controlled by cryptocurrency whales and social media influencers.

The Notcoin team aims to avoid traditional marketing cycles, complicated closed beta systems, investor chases, and lofty claims. They follow a “what you see is what you get” mentality, hoping to avoid pricing manipulation and keep the launch simple.

Why Notcoin (NOT) Price Is Rising?

The NOT token was officially introduced on the international market on May 16. Following the release, the price plummeted by more than 60%, from ₹1 to ₹0.39. However, in the previous week, the token has recovered by nearly 350%, reaching an all-time high of ₹2.17.

Notcoin live Chart

NOT now ranks among the top 50 cryptocurrencies, with a market valuation of around ₹192.44 billion. Moreover, the 24-hour trade volume also increased by 35% from the previous day, reaching ₹204.05 billion.

This price jump has led to an extensive discussion of the NOT coin in the cryptocurrency world. According to prominent trader Crypto Steam, the latest NOT rise was triggered mostly by the debut of the staking function, token burning, and market maker moves.

As a result, Notcoin is currently experiencing a very strong market sentiment. Apart from that, the recent introduction of “earnings missions” and the quick development in user participation have also boosted the appeal of NOT coin.

What If You Invested ₹5,000 or ₹10,000 in Notcoin (NOT)?

Let’s look at two scenarios to demonstrate the incredible profit Notcoin would provide if you invested any amount of funds in it.

Scenario 1: Invested ₹5,000 in NOT

In the first scenario, imagine you are an investor eager to invest in Notcoin. So, you invested ₹5,000 in the last week, at the price of ₹0.47, which yields about 10,638.30 tokens. Currently, the value of Notcoin has increased significantly to ₹2.17. Your initial investment of ₹5,000 leads to a portfolio worth ₹22,500, giving you a magnificent ₹17,500 profit in just a single week.

NOT Value at the time of Investment Capital Invested  Growth Percentage Showed by NOT  Current Value of Your Investment Profit Earned 
₹0.47 ₹5,000 350% ₹22,500 ₹17,500

Scenario 2: Invested ₹10,000 in NOT

In scenario 2, consider investing ₹10,000 in Notcoin (NOT). With this additional funding, you will obtain roughly 21,276.59 tokens. Currently, the value of Notcoin has increased significantly to ₹2.17, which leads your portfolio to become a valuable asset worth ₹45,000. This significant rise yields a profit of ₹35,000, highlighting the exponential benefits possible with a greater investment.

NOT Value in the Last Week Capital Invested  Growth Percentage Showed by NOT  Current Value of Your Investment Profit Earned 
₹0.47 ₹10,000 350% ₹45,000 ₹35,000

Notcoin Technical Analysis: Will it Reach $1 in 2024?

Notcoin price is currently trading at ₹1.86, representing a 12.84% drop over the past day. Talking about the technical part, moving averages and exponential moving averages provide a good prognosis for Notcoin.

The MACD level shows bullish indicators for Notcoin, reflecting the strength and direction of the trend. An upward MACD shows that short-term momentum outweighs long-term momentum, which often implies a positive trend.

Notcoin price prediction

Notcoin’s RSI value currently stands at 78.90, putting it in the overbought zone. Although this demonstrates a huge increase in buyers, it also suggests that the token may require a correction or consolidation before continuing to grow.

In terms of when Notcoin will hit $1, it is difficult to estimate a coin’s price at this early stage. The recent price behavior of this coin may indicate that it has the ability to hit $1 by 2024. However, any adverse developments involving this coin have the potential to propel it well beyond expectations. Do your own research before investing. 

Conclusion

Notcoin (NOT) has demonstrated remarkable growth, capturing significant attention in the cryptocurrency market with its unique gamified nature. The recent 350% price surge, driven by staking, token burning, and increasing user engagement, underscores its high-reward potential. While technical indicators are promising, predicting whether Notcoin will reach $1 by 2024 remains speculative. 

As with any volatile investment, thorough research and risk assessment are crucial. Notcoin’s innovative model and current momentum make it a noteworthy contender, but its future trajectory will depend on market dynamics and community engagement.

To learn more about Notcoin and its price trajectory, go check out SunCrypto Academy.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision. You may write to us at [email protected].

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