Notcoin (NOT) earns 47% profit daily and becomes the biggest winner in the market

The popular token Notcoin (NOT), which allows users to earn tokens while playing, has continued to attract investors' attention with its amazing performance in the market over the past week. According to data, Notcoin has surged by 46.97% in the past day, making it the best-performing asset in the market.

With the overall stability of the cryptocurrency market prices, the explosive performance of Notcoin indicates a high level of buying pressure, attracting the attention of audiences, analysts, and potential investors.

The encryption game project was initially launched in November 2023 by Open Builders as a closed beta version with the support of the Open Network (TON) Foundation. After its official launch in January 2024, Notcoin quickly gained widespread attention, registering millions of users due to its simple gameplay and strategic integration with the social media app Telegram.

In this play-to-earn game, players earn NOT coins by constantly tapping virtual gold coins and performing simple tasks. Recently, however, Notcoin introduced a new feature called "Earn Task" that allows users to passively accumulate NOT Tokens.

NOT Token was airdropped on May 16th and has since reflected both sides of the cryptocurrency market fluctuation. After the airdrop, Notcoin initially fell by over 60%, dropping from the high of $0.012 to the low of $0.0050.

However, last week the token performed well, rising by 237.70% to reach an all-time high of $0.01781. It is worth noting that the market cap of Notcoin also increased from $526.77 million to approximately $1.81 billion, ranking it among the top 60 cryptocurrencies.

According to the data, the trading price of NOT is $0.01735, and its daily trading volume has risen by 155.57%. According to the prediction, the sentiment around Notcoin is very bullish, with a fear and greed index of 72. Due to the dominance of the bulls in the market, it is predicted that the gaming token will rise to $0.021 and $0.054 within five and thirty days, respectively.

However, on the 4-hour trading chart of the token, the relative strength index (RSI) is in the overbought zone, indicating that a trend reversal may be imminent and the current bull market trend may soon come to an end.

However, the future development trajectory of Notcoin is still uncertain, and it may be influenced by the future development/function of the network and the project's ability to retain a continuously growing customer base. Due to the high fluctuation in the cryptocurrency market, it is recommended that all investors conduct proper research before investing in any assets.

(Data Source: Semilore Faleti)