Thursday's Best Performer: Notcoin (NOT) Soars 30%, on-chain holder count surpasses Shiba Inu and Pepe.
Notcoin (NOT) is a token integrated into the Free TON ecosystem that allows users to play and earn. It has caused a huge sensation in the market and emerged as the best-performing token on Thursday. Notcoin has surged by over 30% in the past 24 hours, ranking 82nd among the top 100 cryptocurrencies, with a market capitalization of $1.25 billion.
Notcoin was launched in 2023 by Open Builders, a team dedicated to developing social games. Shortly after its release, it became very popular. The gameplay of the game, combined with strategic utilization of the large user base on Telegram, attracted millions of users.
Players participate in Tap-to-Earn games based on Telegram, accumulating Notcoin by clicking on virtual coins. Completing tasks, participating in leaderboards, and utilizing upgrades can enhance earning potential, making Notcoin the entry point for blockchain game newbies.
Notcoin is a representative of a famous GameFi project, which has attracted more than 35 million users with its engaging gameplay and viral growth. The game promotes social interaction by allowing players to form teams, invite friends, and participate in community activities. Notcoin has a total supply of 10.27 billion NOT tokens, with a distribution strategy that prioritizes community participation. Approximately 78% of the tokens (about 80.2 billion) are allocated to early miners and voucher holders, ensuring a significant portion of the tokens remain within the community. The remaining 22% is reserved for new users, traders, and future development stages to promote a decentralized and community-driven ecosystem.
Notcoin, after a successful airdrop on May 23rd and listing on major exchanges, saw its value drop to $0.0045. However, the token surged to $0.012 in the past 24 hours, setting a new all-time high.
One of the key driving factors behind this surge is the increase in the number of on-chain holders, surpassing competitors such as Shiba Inu (SHIB), Bonk Inu (BONK), and Pepe Coin (PEPE). Notcoin has over 1.6 million holders, surpassing SHIB's 1.4 million holder count.
Data shows that the trading volume of Notcoin has also increased significantly, with a surge of 45% compared to the previous day, and a trading volume of 1.4 billion US dollars in the past 24 hours. It is worth noting that it has become the seventh-ranked asset in terms of trading volume, surpassing Solana (SOL), Dogecoin (DOGE), and XRP. The introduction of passive income tasks in Telegram Game has driven the recent surge in the price and trading volume of Notcoin, almost doubling its market capitalization in a week.
Due to the market awaiting further development, the recent performance of Notcoin may lead to the continuation of the upward trend and potentially reach higher levels, which remains to be observed. The increase in on-chain holders, the continuous rise in trading volume, and the launch of new gameplay enable Notcoin to sustain its growth and gain market recognition.
(Data source: Ronaldo Marquez)