Amid the market slowdown, Notcoin (NOT), the Telegram-based sensation, has shown impressive performance in the last three days. The token has skyrocketed 80% over the weekend, making investors and market watchers optimistic about its short-term performance.
A month ago, Notcoin took the market by storm after soaring by over 500% in two weeks. The Telegram-based sensation began its journey as an in-game currency for a clicker game last year. Earlier this year, the project saw a wider integration with the messaging app and The Open Network (TON) blockchain.
Its massive success sparked a discussion among investors about crypto and Web3 gaming. Some users consider that Notcoin has marketing and gaming in Web3 and paved the way for the next wave of Play-to-Earn projects in the TON blockchain.
Recently, the project unveiled the Telegram Gaming Accelerator in partnership with Helika Gaming. The collaboration aims to expand and open an accelerator for game developers “who will lead the wave of Telegram games.”
Similarly, Notcoin announced that Notcoin Explore, the platform for launching Web3 projects in Telegram, was open. With over 200 projects already launched via Notcoin and over 22.5 million participants, the platform will be a “win-win case” for users and developers, the announcement stated.
Users will discover Web3 projects and receive rewards with Notcoin Explore. Meanwhile, projects will have access to a “motivated audience” and be built with a “community-oriented model.”
Seemingly, the news was well received by its community. Many TON enthusiasts consider the developments a bullish signal as Notcoin’s team is “building for the benefit” of the network.
Crypto Market Outperformed By Notcoin
Notcoin has shown strong performance despite the recent slowdown in the market. Over the weekend, the token started to recover from last week’s retrace, going from trading at $0.0094 to hovering between the $0.015-$0.017 price range.
According to CoinGecko data, NOT has outperformed the current crypto market and similar GameFi tokens by 21.5%. The token’s 80% jump sparked a bullish sentiment about NOT’s short-term and mid-term performance.
Several market watchers highlighted Notcoin’s price action during the last three days. Altcoin Sherpa missing the change to buy NOT after its retrace on Sunday night as it was “moving in lockstep and doing huge numbers the last few days.”
NOT bounced “nicely” above the 100-day moving average (MA), as reported by VikingXBT. To the crypto investor, the token has a clear support at $0.016 and a resistance at $0.02, making it “look like a winner.”
Crypto analyst World of Charts stated that NOT’s from the descending channel was confirmed. The analyst expects NOT to move “towards 80%-90% bullish wave” and hit a new all-time high (ATH) above the $0.3 mark.
As of this writing, NOT continues to soar and trades at $0.01717. This performance represents a 15.5% rise in the last 24 hours and a 21.5% increase in the past week.
Featured Image from Unsplash.com, Chart from TradingView.com
Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.
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From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.
In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.
At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.
After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.
Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies –or her favorite memes.
In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.
She also has a passion for learning new languages and cultures, having set the goal to learn another six languages – currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.
In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.
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