Thursday’s Top Performer: Notcoin (NOT) Surges 30%, Outperforms Shiba Inu and Pepe in On-Chain Holders
Notcoin (NOT), the play-to-earn token integrated into the Open Network (TON) ecosystem, has made significant strides in the cryptocurrency market, emerging as the top performer on Thursday.
Rising by over 30% in the past 24 hours, Notcoin has now secured the 82nd position among the top 100 cryptocurrencies, boasting an impressive market capitalization of $1.25 billion.
Notcoin Gains Millions of Users with Tap-To-Earn Gameplay
Debuting in 2023 by Open Builders, a team dedicated to creating social games, Notcoin quickly gained popularity shortly after its launch. The game’s unique tap-to-earn gameplay, combined with the strategic utilization of Telegram’s vast user base, attracted millions of enthusiastic users.
Players engage in a Telegram-based tap-to-earn game, collecting Notcoins by tapping on virtual coins. By completing quests, participating in leaderboards, and utilizing boosts, players enhance their earning potential, making Notcoin an accessible entry point for novice to blockchain gaming.
Notcoin is a prominent GameFi project, distinguished by its engaging gameplay and rapid viral growth, leading it to amass over 35 million users. The game fosters social interaction by enabling players to form squads, invite friends, and engage in community-driven activities.
With a total supply of 102.7 billion NOT tokens, Notcoin’s allocation strategy prioritizes community involvement. Approximately 78% of the tokens, equivalent to around 80.2 billion, are allocated to early miners and voucher holders, guaranteeing a substantial portion remains within the community.
The remaining 22% is reserved for new users, traders, and future development phases, thereby promoting a decentralized and community-driven ecosystem.
NOT Achieves New All-Time High
Following a successful airdrop and listing on major exchanges like Binance, Notcoin experienced a decline in value, dropping to $0.0045 on May 23. However, in the past 24 hours, the token has rallied, reaching a new all-time high of $0.012, marking a significant recovery.
The surge in on-chain holders has been a key catalyst for Notcoin’s recent ascent, outperforming competitors such as Shiba Inu (SHIB), Bonk Inu (BONK), and Pepe Coin (PEPE). Notcoin now boasts over 1.6 million holders, surpassing SHIB’s count of 1.4 million.
According to CoinGecko data, Notcoin has also witnessed a notable increase in trading volume, recording a 45% surge compared to the previous day, with $1.4 billion traded within a 24-hour period. Remarkably, it has risen to become the 7th most traded asset on Binance, surpassing Solana (SOL), Dogecoin (DOGE), and XRP.
The introduction of passive earning missions in the Telegram Game has contributed significantly to Notcoin’s recent surge in price, trading volume, and nearly doubling of its market cap in just one week.
As the market eagerly awaits further developments, it remains to be seen whether Notcoin’s recent accomplishments will pave the way for continued growth and potential higher levels.
The combination of an increasing number of on-chain holders, a growing trading volume, and the introduction of new gameplay features positions Notcoin for sustained growth and wider recognition within the market.