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Telegram-based cryptocurrency Notcoin (NOT), achieved a unilateral rise, pushing weekly gains above 350%. While the broader cryptocurrency market consolidated over the weekend, Notcoin (NOT) price surged an additional 40% on Sunday, reaching an all-time high of $0.027.
350% Increase in NOT
NOT is trading at $0.02373 with a market cap of $2.439 billion. In the latest rally, Notcoin’s daily trading volume increased by 220%, surpassing $4.5 billion, making it the fourth most traded cryptocurrency in the market.
Experts attribute Notcoin’s value increase to its successful integration with Telegram’s extensive user base. Although the recent airdrop was initially met with a moderate reception, it has since seen a positive turnaround reflected in the token’s price increase.
The significant growth in Notcoin network transactions parallels its rising popularity. The platform allows users to earn NOT tokens by completing simple games and tasks. Recently, Notcoin launched “earn missions,” enabling passive token accumulation and further boosting user engagement.
Whale Gains in NOT
With social media integration, Notcoin is well-positioned to capitalize on the growing play-to-earn trend. Analysts claim Notcoin price could see potential gains up to $0.1. On-chain data provider Lookonchain reported that Notcoin’s (NOT) price increased by over 400% in the past seven days.
Lookonchain highlighted that a significant investor, referred to as a whale, achieved an unrealized profit of $862,000 from NOT. This investor spent 50,550 TON ($278,000) to purchase 46.4 billion wNOT before NOT was listed.
On May 21, the whale converted all 46.4 billion wNOT into 46.4 million NOT and has since held onto it, gaining approximately $862,000. As the craze for Telegram mini-apps continues, Notcoin bulls may pursue higher price targets.
