Reasons for the fall in the Notcoin rate

The main reason is the fall in the value of Bitcoin (BTC), which collapsed due to a significant withdrawal of their assets by some users. Large holders sold more than 50,000 BTC worth $3.3 billion from June 5 to June 15.

In other words, this is a common strategy of traders who buy cryptocurrency at a low rate and sell at a high rate.

Why does the Bitcoin rate affect Notcoin? It’s simple, tens of thousands of projects work on Bitcoin, it’s like the dollar in the world of national currencies. If the dollar falls, then a crisis inevitably occurs in all world economies.

However, there is another reason why Notcoin has weakened. This is due to the developers’ promises to start burning tokens by June 16, but, as usual, by the appointed date the developers did not even bother to notify users about the results of their work.

By July 17, it became clear that the burn would occur within a week, but the frustration of cryptocurrency holders was already at its peak. Because of this, people rushed to sell Notcoin, which did not live up to their expectations.