Notcoin(NOT) Price Prediction: What’s Next after Binance and OKX Listings Triggered 600% Rally
The Notcoin (NOT) experienced a dramatic 600% surge in value after being listed on major exchanges Binance and OKX on May 16. This increase was driven by heightened liquidity and investor engagement.
What is Notcoin(NOT)
Notcoin is a play-to-earn game integrated into the Telegram messaging platform, which has attracted millions of players. By March 2024, the game had amassed 35 million players, with six million daily active users. On May 16, 2024, the NOT token was officially introduced and made available on major exchanges.
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Why is Notcoin Price Rising?
The surge in Notcoin’s value was fuelled by increased market liquidity and investor engagement following its listing on Binance and OKX. Within 24 hours of being listed, Notcoin entered the top 10 cryptocurrencies by daily trading volume, with a trading volume of over $1.2 billion.
Is it too Late to Buy Notcoin (NOT)?
The market data suggests that Notcoin is still exhibiting bullish trends, with a high trading volume to market cap ratio of 37.1%. This indicates significant trading activity relative to the market capitalization, reflecting high investor interest.
Notcoin (NOT) Price Prediction: Can Binance, OKX Bulls hold $0.005 Support Hold ahead of Coinbase listing?
As of May 20, the Notcoin price has retraced to around $0.0056, relinquishing over 44% of the initial gains. However, with the bullish trend in the trading volume to market cap ratio, the NOT token price is expected to remain above the $0.0050 support level in the near-term.
Notcoin NOT Price Forecast | TradingView
Additionally, the NOT/USDT Bollinger band on the hourly price chart on TradingView suggests that early investors had purchased Notcoin at an average price of $0.005, forming a significant support cluster.
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In the event of another upturn, initial resistance could be established at the $0.006 level.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
