Telegram’s renowned cryptocurrency game, Notcoin, has witnessed a remarkable rise in its token value. The game’s token, NOT, hit a peak of $0.01244 on Thursday morning. Although the value has since dipped slightly to $0.01199, this still marks a 35% increase from the previous day and a 129% surge over the past week. In the last 24 hours, Notcoin’s trading volume soared to $1.3 billion, with nearly half of this volume originating from the NOT/USDT pair on Binance.
Why Has Notcoin Gained Popularity?
The recent frenzy surrounding Notcoin has propelled it to the 7th most traded asset on Binance, surpassing established cryptocurrencies such as Solana, Dogecoin, and XRP. The token’s market value, which stood at $1 billion just two days ago, has now ascended to $1.2 billion, making it the 81st largest asset. This surge in popularity and value is majorly credited to the recent launch of “earning tasks.”
What Fuels Notcoin’s Success?
The “earning tasks,” introduced last week, enable players to passively accumulate crypto rewards. The gameplay involves users clicking on a gold coin displayed on their screens to earn in-game NOT tokens. Additional incentives are provided for completing tasks and utilizing “supports.” The project’s team recently reminded users via Twitter that they have until June 16 to claim their earnings. Over the past week, users have collectively earned more than 56 million NOT tokens, equivalent to roughly $700,000.
Key Takeaways
- Notcoin’s trading volume hit $1.3 billion in the last 24 hours.
- The token’s value increased by 35% since the previous day and 129% over the past week.
- Notcoin is now the 7th most traded asset on Binance.
- The market value of Notcoin has reached $1.2 billion.
- Users earned over 56 million NOT tokens in the past week alone.
Notcoin has emerged as one of the most significant game tokens launched in 2024 by market value. It has surpassed other notable tokens such as Pixels (PIXEL), which reached a market value of $731 million, and Saga (SAGA), which reached $684 million. As of now, Notcoin is trading at $0.0121, continuing its upward trajectory in the cryptocurrency market.