Discussed extensively in the bitcoin scene is Notcoin (NOT), a recently launched altcoin experiencing explosive rise. Market expert Michaël van de Poppe has fueled the flame with a bold prognosis, a likely 2-5x surge for NOT against Bitcoin (BTC).

From Underdog To Market Mover

sprang onto the market and shot 600% in just a few weeks. Analysts credit this first increase on exchange listings on big platforms like Binance and OKX, which created a lot of liquidity and investor interest.

Bullish Indicators: A Trader’s Paradise?

The appeal of Notcoin transcends its most current price behaviour. With a sky-high 24-hour fundraising APR of 30%, the token’s value exceeds that of more established players like Bitcoin and Ethereum.

This enormous interest rate suggests a market full of optimistic attitude since it encourages traders to hang onto Notcoin investments inside perpetual futures contracts. Moreover, Notcoin’s outstanding trading volume suggests a very liquid market, which would draw investors looking for speedy access and exit points.

Hype Vs. Substance

Though the picture is bright, one should use some caution. Though useful insights, analyst forecasts are not guarantees. The bitcoin market is famously erratic, hence unanticipated developments can cause big price swings. Although Notcoin’s connection with a well-known Telegram game first drove its ascent raises some issues about its long-term viability and capacity to carve out a lasting niche within the often changing crypto scene.

Notcoin Price Forecast

The present shows a significant expected rise of around 230%, suggesting the price would reach $0.073 by July 5, 2024. Many technical indicators point to a solid overall upward momentum, therefore supporting this optimistic view.

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The positive attitude of the market demonstrates the confidence of the investors and possible ongoing demand for Notcoin. Currently at 75, the Fear & Greed Index shows a level of greed that suggests investors are more likely to purchase than sell, thereby driving the favourable price movement. Although it might also suggest great market optimism, such a high index value usually corresponds with overbought conditions.

Examining Notcoin’s latest performance, it shows that 55% of the last 30 trading days had green days, therefore supporting the optimistic attitude. This suggests a steady rise as more than half of the days have experienced price rises.

Featured image from Freshered, chart from TradingView