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Notcoin (NOT) Price Prediction – When will NOT hit $0.50?

Notcoin Price Prediction
author Written by
Rex John Walsh
author Fact checked by
Sangram Mohanta

Last Updated on June 3, 2024 by TOP FOREX BROKERS REVIEW

Notcoin (NOT), which functions as the play-to-earn token in the Open Network (TON) ecosystem, has achieved noteworthy progress this week.

Notcoin, which has a market capitalization of $1.25 billion, has secured its position as the 82nd largest cryptocurrency with a 24-hour increase of over 30%.

Notcoin, introduced in 2023 by Open Builders, an organization specializing in social games, acquired rapid traction. It utilized Telegram's vast user base strategically and engrossed gameplay to achieve millions of users.

Engaging in a Tap-to-Earn game via Telegram, participants acquire Notcoins by pressing on virtual coins. Earning earnings potential through the completion of objectives, ascent of leaderboards, and utilization of boosts renders Notcoin a viable entry point for individuals new to blockchain gaming.

GameFi has succeeded with Notcoin, which has amassed over 35 million users via engaging gameplay and viral expansion. The game promotes social interaction by permitting players to form squads, invite peers, and participate in community activities.

Let’s see the further aspect of this coin from the Notcoin (NOT) Price Prediction:

Why Notcoin Surged Higher?

Implementing passive earning missions within the Telegram application has been a factor in Notcoin's recent price and trading volume surges, as well as its market capitalization nearly doubling within a week.

As the market anticipates additional developments, it is uncertain whether the recent accomplishments of Notcoin will maintain the upward trajectory, potentially attaining greater heights.

The convergence of a growing number of on-chain holders, an expanding trading volume, and the introduction of novel gameplay features position Notcoin favorably for sustained expansion and market acknowledgment.

The allocation strategy for Notcoin, which has a total supply of 102.7 billion NOT tokens, emphasizes community participation. Early miners and voucher holders are granted access to an estimated 78% of tokens, or 80.2 billion, assuring substantial community ownership.

The increase in on-chain holders, which has surpassed rivals including Shiba Inu (SHIB), Bonk Inu (BONK), and Pepe Coin (PEPE), is a significant factor in this surge. With more than 1.6 million holders, Notcoin has surpassed SHIB's 1.4 million.

As reported by CoinGecko, Notcoin experienced a significant surge in trading volume, augmenting by 45% compared to the preceding day. It has also overtaken key elements like Solana (SOL), Dogecoin (DOGE), and XRP.

NOT/USDT Is At Record High: Can A Rebound Possible?

NOT/USDT Is At Record High: Can A Rebound Possible?

 

In the daily chart of NOT/USDT, an immediate bullish surge has been seen since the launch, taking the price to the 0.009851 level. However, a considerable downside correction was seen from the top, which created a solid bottom at the 0.004381 level.

After creating the bottom, an immediate bullish impulse has come taking the price above the 161.8% Fibonacci Extension level from the existing swing. As the ongoing buying pressure is active, we may expect bulls to take the price even higher, without any considerable downside correction.

Based on the daily Notcoin (NOT) Price Prediction, the long-term price projection could offer another long signal after having a decent downside correction. However, as the upward momentum is active, the price has a higher possibility of rising at the 0.0187 level, which is the 261.8% Fibonacci Extension level.

Moreover, the altcoin bull run session might work as a bullish signal for this pair, which might raise the price above the 0.03000 level by the end of 2024, and 0.05000 level by the end 2025.

On the other hand, an immediate downside pressure with bearish exhaustion might alter the current momentum and indicate a pump and dump. In that case, a massive bearish daily candle below the 0.007116 level could be a potential bearish signal.

NOT/USDT Ichimoku Cloud Analysis

NOT/USDT Ichimoku Cloud Analysis

In the H2 Notcoin Price Prediction, NOT/USD aimed higher above the Ichimoku Cloud zone. It is a sign of an active bullish pressure in the intraday chart, which could extend the upward pressure in the coming hours. Moreover, the future cloud supports the buying pressure, where the Senkou Span A is above the B level.

A neutral momentum is visible from the MACD Histogram, where the current vertical line is at the 0.0 level. As the Histogram failed to hold the selling pressure and rebounded to the neutral point, we may expect the buying pressure to extend in the coming hours.

Is NOT/USD A Buy?

Based on the potentiality and analysts' projection for Notcoin Price Forecast, Notcoin (NOT) is more likely to extend the upward pressure and reach beyond the 0.0500 level within 2025. As of now, the price is at the key resistance level, a downside pressure might come before forming another impulse.

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