Notcoin Price Prediction: NOT Surges 4% As The Project Surpasses 40 Million Users
The Notcoin price is up 4% in the past 24 hours, trading for $0.01865 as of 3:19 a.m. EST on trading volume that surged 2% to $912 million.
This comes after the GameFi project surpassed 40 million users and gave away more than $1.5 million in rewards.
Quick recap
Notcoin has 40M users total 🎉
These are the activated users from the database, not from web analytics tools that multiply # of users by their sessions and now show 500M Notcoin users lol pic.twitter.com/UUIp6oK0RA
— Notcoin Ø (@thenotcoin) June 9, 2024
Notcoin, the play-to-earn game and token integrated with a Telegram Mini App, has revealed some of its plans to its users. Some of these plans include users receiving a percentage of referral earnings. Further, the gold and platinum individuals will have access to the launch of top-level tokens.
Additionally, the explore campaigns will be automated, and projects will be able to launch them independently. Levels will be available to new users, and the prize pool will be increased by 10x.
What's cooking right now
– Levels will be available to new users
– Frens will give you % of what they earn
– Gold and Platinum will get an access to the top tier token launches
– Explore campaigns will be automated so projects can launch it themselves— Notcoin Ø (@thenotcoin) June 9, 2024
Notcoin commenced a viral Telegram game that onboarded many users into web3 via a tap-to-earn mining mechanism. With the trend set, massive growth and the development of the TON blockchain, the Notcoin price could have more upside potential.
Notcoin Price Prediction
Most market participants were hopeful for a rise in volatility over the weekend. However, the markets maintained a sluggish trend. Further, the Notecoin has been on a downward trend since reaching its all-time high, with the bears pushing the price down.
However, Notcoin has gathered some strength and is trying to push for an upward trajectory.
Although the trading activities suggest otherwise, the hopes of $NOT price reviving a solid bullish trend towards its recent ATH of $0.029431 are not lost.
The Relative Strength Index (RSI) position is concerning as it sits below the mean level of 50, currently at 42, tilting the odds in favour of the bears.
Noteworthy, the Moving Average Convergence Divergence (MACD) has moved slightly below the orange band of the signal line. The MACD histograms are also in the negative territory, worsening the outlook for the bulls and solidifying the case for the bears.
Additionally, the backing of the technical indicators adds fuel to the momentum. NOT trades slightly below the 50-day and 200-day Simple Moving Averages (SMA), solidifying the overall bearish momentum.
Notcoin Price Bulls Gear up for A Fresh Bully Rally
The Notcoin price is consolidating within a falling wedge pattern. This hints at a possible breakout to the upside soon, given this technical formation is a bullish reversal pattern.
Despite a bearish sentiment, the bulls might show resilience. This may prevent further bearish gains, initiate a solid upward trend, and reach a critical resistance zone around $0.025.
Conversely, if the bears exert more pressure, they may drag the NOT levels down close to the lower support at around $0.0166.
Bottom Line
Currently, the Notcoin price is undergoing a tug-of-war between bulls and bears as they try to take control; however, most odds favour the bears.
If the bulls display some strength, they may propel the Notcoin price to its recent new ATH or, in a highly bullish case, surpass the ATH.
Otherwise, the token may remain consolidated within a range and unveil little or minor price actions.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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