A community player once described Binance products like this. Everyone knows that BounceBit (BB) is the first cooperative project of Binance Megadrop. This important identity initially added more market expectations to it. Soon after, NOT, a sub-coin of TON, was also scheduled on Binance's schedule, fully circulated, and there was no selling pressure. This is good news for altcoins. Perhaps the altcoin trend has blown to the two brothers, and they will be seen on the list of gains.
Notcoin, a Telegram game based on the public blockchain TON, has been a hot topic recently. Not only was it listed on 18 exchanges including Binance, OKX, Bybit, etc. in mid-May, but $NOT has been soaring since yesterday afternoon (27th) and reached a high of $0.008799 at around 7 am this morning (28th), a 24-hour increase of more than 50%, setting a record high price after the first day of listing on the exchange. This surge has caused Notcoin's market value to soar to more than $707 million, an increase of 33.38%, ranking 114th in the cryptocurrency market value ranking.
Why can NOT continue to dominate the list of increases?
1. Innovative mechanisms and community driving force
Binance’s first concern is traffic, not quality. Notcoin, a meme-like coin, is extremely simple, with 5 million daily active users, and has become the fifth most popular channel on Telegram, so it meets Binance’s traffic needs.
According to news on May 25, the total number of users of Catizen, the largest game application platform in the TON ecosystem, has exceeded 9 million, with daily active users exceeding 1.75 million and on-chain users reaching 678,000. In the past month, the number of new users of Catizen has jumped from 3 million to 9 million, with an average of 1.5 million new users per week. After reaching a cooperation with NOTCOIN, the project also reached an ecological cooperation with the TON ecological project YESCOIN, achieving full exposure and popularization at the ecological level.
2. The current market opposition to VC coins with high FDV and low circulation has reached a certain high point, so Binance needs to pay attention to fully circulated community coins such as notcoin.
According to news on May 21, Catizen achieved more than 50 million $NOT in revenue within 3 days after supporting $NOT payment. In response, Catizen and Notcoin jointly announced the destruction of 10% of the $NOT proceeds in this part. This burn significantly reduced the circulating supply of $NOT and was a bold and strategic move designed to increase the token’s value and market dynamics.
3. The biggest difference between ton and other social coins is that ton brings a huge number of web2 users into web3, while other social coins are struggling to find users in web3. The new NOT airdrop and money-making tasks have increased user participation and investment interest. (The first phase of NOT Airdrop was launched on May 26)
Where are the opportunities to break the circle?
It can be said that not itself is a meme, a fully circulated coin, but after listing on Binance, it also went through a round of brutal wash-out, and some profitable airdropped tokens were sold. The lowest price also fell to around 0.0045!
👉The price may rise to 0.009-0.014?
Price trend: It can be seen that the price of cryptocurrency has increased within 24 hours, with the highest price reaching 0.008554, the lowest price being 0.005213, and the current price being 0.008327, showing an upward trend. This price change may reflect the market's increased demand for this cryptocurrency, or investors' optimistic expectations for its future trend.
Volume: The 24-hour volume reached 1.113 billion NOT and 421 million USDT, showing a high level of market activity. Higher volumes usually mean that market participants have a strong interest in the cryptocurrency, and also provide momentum for further price increases.
Rise and Fall: The cryptocurrency has shown strong upward momentum with a gain of +58.47% in 24 hours. This gain may have attracted more investors to the market, further driving the price up.
NOT has surged 90% in the past few days. Is it still possible to chase higher?
Ecosystem First: NOT is the first spot product in the TON ecosystem to be listed on Binance, and it is also the only one. TON only has contracts.
Historic: 100% circulation within a few days of launch, and 100% circulation of new coins on Binance Launchpool within a few days;
TON Ecosystem: Currently, NOT has a total market value of only 570 million, TON has a circulating market value of 22 billion, a total market value of 32 billion, and a market value of Top 9. Before an ecosystem is hyped, the ecosystem's mother coin has already reached the 9th place. As the two public chain ecosystems that the market is most optimistic about, TON itself has limited room for hype, and the only ecosystem that can be shown off is NOT. Since NOT was launched on Binance launchpool on the 16th, the daily trading volume has remained at 120 million, and the turnover is very sufficient. The range pressure is at 0.0057. If it stands firm, it is expected to break through a new level and exceed 0.01.
