Crypto enthusiast: Exchanges are delighted with Notcoin
Notcoin’s capitalization on the crypto market turned out to be higher than that of Lido DAO and Celestia. According to the latest data, we can conclude that the digital coin is trying to gain a foothold in the top 50 largest cryptocurrency assets.
Last Sunday, NOT updated its all-time high; the asset price exceeded $0.029. Within a week, the rate of the digital coin increased by almost 280%
Notcoin’s trading volume on exchanges previously exceeded $4 billion, second only to BTC, ETH and large stablecoins. NOT continues to be volatile, moving in and out of the top 50 most popular crypto assets.
“Exchanges are excited about Notcoin. They haven’t seen such an increase in users for a long time,” says professional crypto trader Boris Zabavnikov.
However, he warns that “in all this euphoria” lies a threat to a market participant with little experience. It must be remembered that “in the end, most will not be allowed to earn money.”
You also need to take into account that DWF Labs is engaged in market making for Notcoin. The media recently wrote about it that the company was involved in fictitious transactions on Binance. DWF Labs denies everything, calling the accusations unfounded.
“I believe that after such growth there will inevitably be a correction. I see the levels of $0.015 and $0.012 as targets for movement. Through what structure and at what moment we will get there is another question. As for the prospects, I fully admit that we will see new highs over the next six months or a year, along with the growth of the TON blockchain ecosystem. But that’s another story,” concluded Zabavnikov.
Bitget Marketing Head in the CIS Anton Toroptsev believes that the main advantage of Notcoin compared to similar projects is the significant user base that the game was able to gain thanks to the choice in favor of the barrier-free play-to-earn model. Users do not pay to access the game.
Another reason for success is Notcoin’s connections with the TON project and Pavel Durov.
“I am sure that similar projects will be launched, because success always attracts imitators. But they will no longer become pioneers and are unlikely to achieve the same scale. At least in the coming months,” Toroptsev noted.
What do you think about this?
