- Several popular platforms and exchanges have announced the listing of NOT.
- Meanwhile, Toncoin’s price surged by 27% in the last seven days.
As a researcher with experience in the crypto space, I find the recent developments surrounding Notcoin and Toncoin intriguing. The announcement of popular platforms listing NOT and the surge in its price have created a buzz among investors, especially those who are hoping for an airdrop.
In the cryptocurrency community, there’s been a lot of buzz surrounding Notcoin, a novel game hosted on Telegram, due to rumors of an upcoming airdrop that has piqued the interest of potential investors.
As an analyst, I would express it this way: With multiple well-known exchanges announcing their intent to list Notcoin, the likelihood of its circulation becoming a reality seemed increasingly plausible.
Notcoin airdrop soon?
For those unfamiliar with Notcoin, it’s a popular game with over 35 million users where earning in-game coins is possible directly on the Telegram platform.
Previously, the Notcoin game authorities revealed their intention to issue a tangible token for the use of players.
Although the airdrop was postponed for an extended period, recent advancements indicate that the delay may come to an end shortly.
This seemed to be the case, as popular platforms like CoinMarketCap listed Notcoin.
Recently, ByBit also announced the listing of the NOT/USDT pair on its spot trading platform, further suggesting that the airdrop might happen soon. The listing will go live on the 16th of May.
As a crypto investor, I’d express it this way: The new token is set to debut on the TON Open Network, which is a creation of Telegram themselves. Following the airdrop event, every last token will be distributed among those intrepid miners who successfully Notcoin mined.
Toncoin benefiting from Notcoin
As interest and excitement about NOT grew louder, Toncoin (TON) experienced a significant price surge beneath the radar.
According to CoinMarketCap, the token’s price surged by more than 27% in the last seven days.
As a researcher, I’ve observed an impressive 5% increase in the value of TON within the past 24 hours. Currently, its price stands at $6.02 and boasts a substantial market capitalization of around $21 billion.
The surge in popularity for Notcoin influenced the social statistics of Toncoin as well. According to AMBCrypto’s interpretation of Santiment’s findings, the social influence of TON grew significantly on May 9th.
Its social volume also remained relatively stable throughout the last week.
To find out if the recent increase in prices for this asset was merely fueled by excitement or was based on genuine market conditions, AMBCrypto examined the data provided by Santiment.
It was discovered that investors were in fact purchasing TON based on the observable decrease in its availability on exchanges and the corresponding increase in its holdings outside of trading platforms.
As a crypto investor observing the market, I noticed an intriguing discrepancy between smaller investors and the big whale players. While the broader market was busy accumulating more cryptocurrencies, these large entities chose a different path. Instead of following the trend, they sold massive amounts of their holdings. Consequently, the supply in the hands of top addresses significantly decreased.
Read Toncoin’s [TON] Price Prediction 2024-25
An in-depth examination of Toncoin’s daily chart was conducted by AMBCrypto to determine if the current bullish trend would persist. Based on our assessment, both TON‘s Relative Strength Index (RSI) and Money Flow Index (MFI) have shown an upward trend.
The MACD indicator signaled a bullish crossover, implying that TON‘s price increase may persist. Should the bull market prevail, TON could revisit its April peak, with investors keeping an eye out for Notcoin’s airdrop.
Read More
- Top gainers and losers
- DOP PREDICTION. DOP cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- KAI PREDICTION. KAI cryptocurrency
- MOCHI PREDICTION. MOCHI cryptocurrency
- SILLY PREDICTION. SILLY cryptocurrency
- STOG PREDICTION. STOG cryptocurrency
- BAR PREDICTION. BAR cryptocurrency
- NSBT/USD
2024-05-09 22:15