Gaming Cryptocurrency Notcoin Soars Towards All-Time High
The notcoin gaming token (NOT) has appreciated 35% in just 24 hours, which is an increase of more than 75% in seven days. With such performance, it is now trading at $0.00962 (USD).
Thus, the token is approaching the all-time high price it reached on the day of its launch two weeks ago, which was USD 0.01445, according to CoinMarketCap. Although it should be taken into account that, on some exchanges, it was even higher. On Binance, for example, it rose to USD 0.0369 that day, as the graph shows.
With the current rise, as the following table shows, NOT stands out as the crypto asset with the best performance in 24 hours and in seven days of the 100 largest, list in which he entered last week. Currently, this token from the TON network ranks 91st among the crypto assets with the highest market capitalization.
Why is the price of NOT rising?
The rise occurred after Notcoin, a game created by the company Open Builders, launched the function “earning missions”. As the screenshot shows, this allows users to earn passive NOT rewards by completing quests such as following him on social network X or joining his group on Discord.
Sasha Plotvinov, founder of Open Builders, said the company has big ambitions for Notcoin. His intention is to turn it into “the Netflix of social and viral games.”
Therefore, the game could continue to launch initiatives that attract users, which would benefit the price of the token. However, given the sales that players may make motivated by profit-taking, the price could be pressured downwards, a fact that occurred in its first week on the market.
As CriptoNoticias reported, such a scenario It took place after the game attracted, in less than two months, more than 35 million Telegram users. To put it in perspective, this multitude of players is greater than the number of inhabitants that countries like Venezuela have.
It should be noted that this game, which allows you to earn tokens by tapping the screen, works as a Telegram (TMA) mini-app, which means that it runs directly on this platform.
