Telegram’s “Tap to Earn” game, Notcoin, has seen a 74% surge in value, reaching $0.02 in just 24 hours, even surpassing BTC in terms of trading volume.
Background:
What is Notcoin? Free mining ignites TON ecology, token economics, how to participate, pre-market valuation… a comprehensive summary.
Supplement:
Notcoin’s new coin mining frenzy: TON borrowing interest rates skyrocketing to 365%, what arbitrage opportunities are there?
Based on the TON public chain, Telegram’s game Notcoin was listed on 18 exchanges including Binance, OKEx, and Bybit in mid-May. However, contrary to expectations, it experienced a continuous decline after going live. Although it briefly rebounded to $0.0088 on May 27, it did not see any significant market movements. Today, Notcoin surged to a peak of $0.0209, with a 74% increase in value within 24 hours.
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NOT price breaks $0.02
Trading volume surpasses Bitcoin
It is understood that Notcoin is a free and user-friendly Telegram game where users can earn coins by simply tapping on their phone screens through a simple “Tap to Earn” mechanism. The low threshold gameplay and the clear announcement of cryptocurrency rewards have attracted a large number of users. In the latest official tweet, Notcoin stated:
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It is worth noting that the contract and spot trading volume of Notcoin has even surpassed Bitcoin. Within the deadline of 24 hours, the trading volume of NOT reached $3.3 billion, while BTC was only $3 billion. Despite being referred to as a top meme coin on the TON public chain by the community, some analysts still struggle to understand how NOT was able to attract such a massive trading volume and attention in such a short period of time, expressing their astonishment.
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Analyst Rocky expresses question marks about NOT’s surge.
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