Notcoin (NOT) has experienced a significant surge in its value, with its price skyrocketing by over 300% in the past week, reaching unprecedented levels. This dramatic increase has led many to speculate whether the social hype surrounding the NOT token will allow it to continue its meteoric rise.
Over the last week, Notcoin saw its value jump by an impressive 320%, hitting a new all-time high of $0.02896 on June 2. This data comes from TradingView and indicates a strong upward trajectory for the cryptocurrency. In less than two months since its inception, Notcoin has managed to draw in over 30 million users on Telegram. This influx of users has introduced a large number of people to the cryptocurrency market for the first time, highlighting the token’s significant reach.
Notcoin was officially listed on the Bybit exchange for trading on May 16. Since then, it has seen substantial growth, climbing more than 200% in the two and a half weeks following its listing. This rapid ascent in popularity and value allowed Notcoin to achieve a market capitalization of over $2.3 billion, placing it as the 51st largest cryptocurrency according to CoinMarketCap.
Justin Hyun, the director of investments at TON Foundation, believes that Notcoin and other similar Telegram Mini Apps could serve as a “Trojan horse” for broader blockchain adoption. Hyun expressed optimism during an interview, stating that their goal is to onboard 500 million people to blockchain technology by 2028. He highlights the importance of creating use cases that allow users to interact seamlessly with blockchain on the frontend without necessarily realizing it.
One of the key elements driving the rise in Notcoin’s price appears to be the growing interest and buzz on social media platforms. Just two weeks after its launch, Notcoin was reported to be the second most-mentioned cryptocurrency within a 12-hour period. Market analytics noted that 45% of the weekly mentions happened in just one day, and 81% of daily mentions occurred within 12 hours, exemplifying the escalating social interest.
The increasing social sentiment has significantly boosted Notcoin’s trading activity. The token became the fifth most-traded cryptocurrency, with a trading volume exceeding $4 billion on June 3. This impressive trading volume surpassed that of USD Coin, which had an estimated trading volume of $3.5 billion on the same day.
The buzz around Notcoin has also drawn the attention of large investors, or “whales,” within the Telegram ecosystem. This attention is particularly noticeable in the case of Toncoin (TON). Crypto analyst Ali Martinez highlighted this trend, noting a 237.5% surge in transactions over $100,000 within a 24-hour period. Such activity suggests that significant investors are making strategic moves and shifts in their positions within the cryptocurrency market.
Notcoin’s recent performance showcases a vibrant and rapidly growing interest in the token, driven by both social media hype and strategic investment. Whether this momentum can be sustained over the long term remains to be seen, but the current trajectory indicates strong support and enthusiasm from both retail investors and large-scale market participants.
Wow, Notcoin’s rise is simply phenomenal! Over 300% in just a week incredible growth!
So many are going to lose money when this bubble pops. Don’t get caught in the hype.
Notcoin is on fire! The trading volumes and price surge speak for themselves.
Stay vigilant and make informed decisions when investing in the crypto space!
Unprecedented levels? More like unprecedented risks. I’ll pass on this one.
Invested early in Notcoin and couldn’t be happier! Loving the surge and community power behind it.
320% increase in a week? Sounds sketchy. That’s not sustainable growth. Be careful where you put your money, people.
Why is everyone jumping into this without due diligence? 😡 This has ‘bubble’ written all over it.
Notcoin’s climb is a testament to social media’s influence on cryptocurrency. Stellar performance! ⭐
This smells like a bubble waiting to burst. Be cautious, folks! Not every surge is a good sign.
Market manipulation at its finest. Be cautious, people. 😤
Saw the hype around Notcoin and jumped in. Best decision ever! 🤑
Everyone’s talking about Notcoin and for a good reason! Loving the positivity and momentum!
Notcoin is an absolute game-changer! Can’t believe the growth in such a short time.
I don’t trust a token that’s grown this fast based on hype alone. 🚩 Be smart with your investments.
Just another pump and dump scheme. Stay away! These social media hypes never end well.
Notcoin breaking records left and right! 🎯 Seeing it enter the top 100 is fantastic! 🔝
Notcoin is setting new standards with its rapid growth. Exciting times for investors!
Notcoin’s upward trajectory is nothing short of amazing. Hoping this momentum continues!
Notcoin’s rise perfectly showcases the power of community and social media. Loving the energy! ⚡
Notcoin’s presence in the market is undeniably strong. So excited for what’s next! 💰
Watching Notcoin’s market cap climb has been thrilling. Onward and upward!
Absolutely thrilled to see Notcoin hitting new highs! The social media buzz is REAL!
Just can’t ignore Notcoin’s massive rise anymore. All eyes on it for sure!
Riding the Notcoin wave and loving every minute of it! Heres to more gains!