Notcoin, the native token of the TON ecosystem, was officially launched on May 16. Since then, it has experienced a significant increase in daily trading volume, reaching a remarkable 897%.
Notcoin, which is Binance’s 54th launchpool project, was introduced in the telegram Open Network (TON) on May 16. This community-driven token has demonstrated a positive market performance, with a notable surge of 37.90% in the past 24 hours, making it one of the top gainers in the market.
Originally established in 2023 as an in-game currency, Notcoin provided users with access to Web3 and was utilized in a clicker game. It has now expanded its trading activities to multiple exchange platforms, including KuCoin. Analysts predict that this token has the potential for exponential growth.
As of now, Notcoin is trading at $0.007703, with a market cap of $788 million. It has shown an upward trend following a recent price dip last week. The bullish movement started late on May 27, breaking the resistance level at $0.0053 and reaching a new recent high of $0.0088.
On Tuesday, the token experienced a slight decline in price, finding support at $0.0075. However, it is still among the top gainers in the market. Looking at the bigger picture, Notcoin reached its all-time high of $0.144 on the launch day, according to CMC data. In the following days, it witnessed price declines, hitting an all-time low of $0.0046 last week.
In the past seven days, Notcoin has shown a positive price performance of 6.26%, with bullish movements appearing since Monday. According to Tradingview data, its monthly performance has skyrocketed by a staggering 897%, accompanied by a trading volume of approximately 1 billion. The 9-day Simple Moving Average (SMA) of $0.0059 emphasizes the token’s current upward trend.
Furthermore, the cryptocurrency market as a whole has experienced a price recovery since last week. Leading cryptocurrencies like Bitcoin and Ethereum have seen price increases after a period of stagnation.
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