The token for crypto’s new Telegram-based social clicker game Notcoin ($NOT) has more than doubled in price the last week, little more than a fortnight after launch.
Notcoin is currently changing hands at $0.01175.
This represents a 3% decline in the last 24 hours, but a stratospheric more-than-doubling of 150% from its price last Friday.
Earning Notcoin is simple.
Open up Telegram, find the Notcoin mini app, invite friends, and you can begin tapping the gold coin in the interface to earn Notcoin.
Tap allowances are limited and refill slowly over time. However, players can earn more taps by questing and performing community actions.
According to the platform’s official X account, Notcoin’s daily active players peaked at 5 million shortly after listing.
5 Million people claimed Notcoin in the first 36 hours after the listing.
4M deposited to exchanges or staked
1M claimed on-chain already
$743M Market cap
Vouchers
795k Notcoin Vouchers total:
530k converted to Notion
264k on the market (2.6% total supply) pic.twitter.com/4PpPLVLI2O
— Notcoin Ø (@thenotcoin) May 17, 2024
Notcoin runs on The Open Network (TON), a blockchain that was previously part of Telegram, but has since spun out while maintaining a strong affiliation.
Why is Notcoin ($NOT) Pumping Hard Right Now?
This week’s price action outdid both Bitcoin ($BTC) and Ethereum’s ($ETH) gains (1% and 2.2% respectively) over the last seven days.
Much of $NOT’s upward momentum is likely due to an announcement that players have until June 16 to claim their tokens. Claiming is done by withdrawing tokens from the app to a wallet.
The protocol also said new users will soon have access to the game’s ‘Levels’ and ‘Explore’ features.
Initially priced at $0.00748639, the $NOT token experienced a significant dip to an all-time low of $0.004611 just eight days post-launch, on May 24.
However, it quickly rebounded, reaching an all-time high (ATH) of $0.01311 yesterday.
Currently, the token has undergone a 10% pullback, yet it maintains a stable relative strength index (RSI) of 52.
This stability in the RSI suggests that the token’s hype-driven surge might persist, either consistently or sporadically, up until the claim date.
Source: TradingView
Notcoin is One of Many New Meme Coins Launching Outside Ethereum.
Notcoin’s $NOT token technically falls into two categories: gaming tokens and meme coins.
While its gaming utility is obvious, the postmodern meme dimension may go over some heads.
It is a joke aimed at naysayers who claim $NOT is not a crypto coin, even despite its obvious popularity, tradability and fundamentals.
Not a coin, right pic.twitter.com/QEIBqmryZn
— Notcoin Ø (@thenotcoin) May 29, 2024
In this sense, you can think of it as the biggest meme coin on TON. Typically, Ethereum has always been thought of as the go-to blockchain for meme coins.
However, another blockchain competing with Ethereum for commerce has carved a niche for itself among meme coin fans: Solana.
Names like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT) all rose to become top ten meme coins within a year of launch.
One Solana meme coin pitched at stoners – Slothana ($SLOTH) – raised an eye-watering $15 million in a recent one-month crypto presale.
Enter the $SEAL
Solana’s Sealana ($SEAL) is a spin on South Park’s viral Gamer Guy, aka Fat Computer Nerd. The all-American hillbilly seal has already raised over $3 million this last month in a hilarious new presale.
Gamer Guy first appeared in South Park’s World of Warcraft episode and, thanks to his milk-bottle glasses, screen-locked stare, messy room and gravity-defying girth, he has since become a symbol of excessive screen use, from keyboard warriors to couch (or desk) potatoes.
The US SEC’s approval of Ethereum ETFs last week could also catalyze heightened Solana meme coin demand.
Bout to drop a bunker buster on these durka durkas #freedom!
Show some support for #Sealana by sending $SOL, and fuel the war on terrorism! #TeamAmerica #TopGun #Presale pic.twitter.com/LlcXgMVzrq
— Sealana (@Sealana_Token) May 29, 2024
Builders on Solana often boast their network is the number one “Ethereum-killer” and now it’s all but certain that a spot Solana ETF can pass US approval.
If a Solana meme coin gold rush begin, Sealana could finally be leaving mom’s basement like a true patriot gone lookin’ for the ‘Merican dream.
Follow the latest developments on Sealana’s X account.
Buy Sealana at the official website here.
The post Missed Notcoin’s Surge? NOT Price Doubles as Buzz Builds for $0.022 Meme Coin’s Launch appeared first on Cryptonews.
