Notcoin (NOT) Price Rises by 35%: What’s next?

Press Release

Oh Notcoin, this play-to-earn cryptocurrency game on Telegram saw its token hit a new peak of $0.01244 early Thursday morning. Although it has slightly dipped since then, the current price of NOT/USDT stands at $0.01199 on Gate.io. This represents a 35% increase from the previous day and a 129% surge over the past week. In the last 24 hours, NOT has witnessed a trading volume of $1.3 billion, with around 42% of this volume coming from the NOT/USDT trading pair.

The Notcoin craze has propelled it to become the 7th most traded asset on some of the major exchanges. Over the past day, it has surpassed the trading volumes of prominent assets like Solana, Dogecoin, and XRP, as per CoinGecko data.

Notcoin Price Action

Just two days ago, NOT entered the top 100 assets and achieved a $1 billion market capitalization. It has now climbed to the 81st position with a market cap of $1.2 billion. 

Notcoin is a Telegram-based "social clicker" game where users earn the in-game NOT token by clicking on a gold coin displayed on their screen. Additional rewards are available for completing quests and utilizing "boosts." The project reminded its community on Thursday morning that holders have until June 16 to claim their earnings.

According to the Notcoin team on Twitter, users earned more than 56 million NOT tokens, roughly equivalent to $700,000, in the past week.

The excitement around the game has been fueled by the introduction of "earning missions," which enable players to collect passive NOT token rewards. These missions often require players to be active in partner project communities, and earnings are based on a player's in-game level, which depends on how much NOT they've staked.

Notcoin's airdrop earlier this month made it the biggest gaming token launch by market cap in 2024. The closest competitors were Pixels (PIXEL), which reached a peak of $731 million, and Saga (SAGA), which peaked at $684 million, according to CoinGecko.

Notcoin Price Prediction

So Notcoin (NOT) has captured significant attention in the cryptocurrency market, particularly with its unique play-to-earn model on Telegram. Looking ahead, several factors will influence its price trajectory.

For 2024, the price forecast of Notcoin hints towards continued volatility, but it has the potential to revisit its record highs. Forecasts suggest a potential low of around $0.0045 and an average price of approximately $0.0065. In a more optimistic scenario, the price could reach up to $0.0082, driven by increased adoption and market integration​.

Some analysts are even more bullish, predicting that if Notcoin continues its current growth trend and sees further adoption within the Telegram ecosystem, it could potentially reach up to $0.03 by the end of 2024​​. This optimistic outlook hinges on successful project developments, increased user engagement, and favorable market conditions.

Moreover, projections for 2025 indicate that Notcoin could see its price range between $0.0053 and $0.025, with average prices hovering around $0.007. This anticipated growth is supported by the potential increase in its Telegram user base and broader adoption in the cryptocurrency market​​.

Further down the line, by 2030, Notcoin's value could see substantial gains. Predictions estimate the price to range between $0.0125 and $0.0329, reflecting its maturity and established position in the market​​. This long-term outlook is contingent on sustained user growth, continuous technological advancements, and a stable macroeconomic environment.

A Competitive Landscape?

Notcoin faces competition from various other play-to-earn and meme-based cryptocurrencies that have gained popularity in the digital asset market. One notable competitor is Axie Infinity (AXS), a well-established play-to-earn game that allows users to earn tokens through battling, breeding, and trading virtual creatures called Axies. Axie Infinity's sophisticated gameplay and robust ecosystem have attracted a large user base and significant investment​​.

If we were to compare Notcoin to the world of meme coins, its competitor is Shiba Inu (SHIB), a meme coin that has built a strong community and offers staking and decentralized exchange services. Similar to Notcoin, Shiba Inu leverages its viral appeal and active community to drive engagement and adoption​​.

Additionally, newer entrants like Bonk (BONK) and Pepe (PEPE) are also vying for attention in the meme coin space. These projects, while primarily driven by their meme status, have managed to capture substantial market interest and demonstrate the potential for rapid community-driven growth​.

In this landscape, Notcoin differentiates itself through its integration with Telegram and its unique click-to-earn gameplay, which simplifies user participation and lowers the barrier to entry for earning cryptocurrency.