- The new altcoin, NOT, surges by nearly 155%, reaching all-time highs.
- Notcoin surpasses SHIB, BONK, and PEPE with 1.6 million holders.
This week, a brand-new cryptocurrency linked to a popular game on the encrypted messaging app Telegram reached new highs after rising by about 155%. The NOT cryptocurrency is the community coin for Notcoin, a well-liked tap-to-earn mining game based on Telegram.
Launch and Early Success of Notcoin
NOT started trading on May 16th, when Binance made the asset available on its Launchpool platform. This platform offers a special approach to interacting with the bitcoin market by enabling users to stake money to cultivate new assets.
There are, according to Notcoin, over 1.6 million on-chain holders. The fact that this figure exceeds that of the memecoins Pepe (PEPE), Bonk (BONK), and Shiba Inu (SHIB) indicates how much the community believes in NOT.
It is issued on the blockchain of The Open Network (TON). After a legal dispute with the US Securities and Exchange Commission (SEC), the messaging app—originally developed by Telegram—broke away from the group in 2020. Still, that year an open-source developer community took over the technology’s management.
Ease of Use
TON keeps adding intuitive tools that let the 700 million Telegram users send tokens inside the app without having to enter lengthy wallet addresses. This convenience probably helps the token become more and more popular and widely used.
The NOT token is 73rd in terms of market cap at the time of writing and is trading at $0.01223. Just seven days ago, this was $0.00489, a considerable rise that suggests substantial market interest and a bullish trend.
Meanwhile, CoinGecko data show that the price of TON at the moment of writing is about $6.29, down 1.92% from the previous day. This also indicates a bearish stance, with a 1.02% drop within the previous 7 days.
On the other hand, Notcoin (NOT) only unveiled its initial products and campaigns a week ago, according to earlier ETHNews reporting.