- Investors still have time to mine Notcoin before the airdrop.
- Toncoin continued to benefit from Notcoin as its value surged.
As a seasoned crypto investor with a keen eye for opportunities, I’ve been closely monitoring the developments surrounding Notcoin (NOT) and The Open Network (TON). The anticipation for NOT’s airdrop has been building up in the community, and it seems that investors still have a chance to mine some NOT before the event.
In the cryptocurrency world, there’s growing excitement about Notcoin [NOT], as investors keep a close eye on when its highly anticipated airdrop will be confirmed.
As a researcher studying the latest developments in the cryptocurrency market, I’ve noticed an intriguing trend emerging. Several exchanges have recently announced the listing of a new token named NOT, along with the opportunity for users to mine it. The blockchain platform where NOT will be minted, The Open Network (TON), has also been gaining significant attention.
Notcoin to arrive soon
AMBCrypto reported a few days ago how Notcoin was becoming a topic of discussion.
The popular Telegram game, which has recently gained attention, declared that it would distribute genuine NOT tokens as rewards to players engaging in mining activities within the game soon.
The excitement level heightened when the formal announcement came through on May 16th that the launch was imminent. Following this revelation, numerous cryptocurrency exchanges such as ByBit have made public their intentions to add the asset to their platforms.
I’m an analyst, and I’d like to share some information with you. Binance recently made an announcement that they have added Notcoin to their launch pool. As a user, you now have the opportunity to stake your BNB and FDUSD into distinct pools in order to earn NOT tokens through farming. The farming process will commence on May 13th, spanning over a period of three days.
Furthermore, OKX unveiled the availability of NOT on its Jumpstart platform. Investors can now mine NOT tokens by holding and staking Toncoin (TON) with OKX.
Toncoin continues to benefit
As Notcoin’s popularity grew, the value of TON‘s token also picked up momentum. Over the past week, its price experienced a significant increase of over 21%.
As a crypto investor, I’ve noticed an impressive 6% price increase in TON within the last 24 hours, based on data from CoinMarketCap. Currently, its value is at $7.43 per token, and its market capitalization exceeds $25.8 billion, placing it as the eighth-largest cryptocurrency in terms of market size.
This price surge, despite being unwelcome news, brought about a positive development – a doubling of trading activity. This significant rise in market participation served as a strong base for the subsequent bull market trend.
AMBCrypto’s analysis of Santiment’s data revealed that buying pressure on the token was high.
Last week, the amount of TON in circulation on cryptocurrency exchanges decreased, while the quantity held off the exchanges rose, indicating robust demand for purchases.
As an analyst, I found it intriguing that the upbeat market trends for TON were not reflective of the prevailing sentiments. The decline in Weighted Sentiment on the 11th of May served as a clear indicator of this disparity.
As a researcher examining the trend of TON, I looked closely at its daily chart provided by AMBCrypto for insights. According to my analysis, the Moving Average Convergence Divergence (MACD) indicator indicated a significant bullish signal in the market.
As a crypto investor, I’ve noticed that both the Relative Strength Index (RSI) and the Money Flow Index (MFI) have shown significant increases. This suggests that the bull rally in the cryptocurrency market is continuing strongly.
Read Toncoin’s [TON] Price Prediction 2024-25
However, both of these indicators were about to enter the overbought zone.
As a market analyst, I would interpret this statement as follows: A new entry into that specific price range could potentially intensify selling activity among Notcoin investors, thereby halting the ongoing bullish trend and causing a pause in the market until Notcoin’s official launch.
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2024-05-13 18:16