Is Notcoin Doomed? NOT Price Falls 5% Amid Viral Surge of New Shiba Inu Alternative
The Notcoin ($NOT) token, associated with the popular Telegram-based clicker game, experienced a sharp decline in its price this morning, falling from $0.01619 to $0.01549 in just two hours.
However, at the time of writing, $NOT has rebounded to approximately $0.01617, showing a recovery of about 1.5% in the last hour and around 3% since yesterday lunchtime, outperforming Bitcoin ($BTC) over the same period.
Despite the initial shock, the swift recovery suggests that $NOT is not in particularly poor health, although the volatility may have concerned some investors.
Over the past week, the token has seen a substantial gain, increasing about 33% in value.
This means it’s currently outperforming the Toncoin ($TON) token underlying its native blockchain, The Open Network. $TON fell 1.5% in the last 24 hours and only rose 0.7% in the week. At its currently price of $7.21, it’s down about 6% from a fortnight ago, but up about 6% from 3o days ago.
Since launching in late May, Notcoin has gone from strength to strength.
Onboarding is easy: simply access the Telegram-based game through the app. Open the Notcoin bot, invite friends, and start tapping on the gold coin in the interface to begin earning $NOT.
Tap allowances are limited and refill slowly over time. However, players can earn more taps by questing and performing community actions.
Yesterday, the project announced it was launching an accelerator to help develop the TON and Telegram ecosystems.
Build on Telegram & TON https://t.co/qKMChyvkX3
— Notcoin Ø (@thenotcoin) July 11, 2024
Since Notcoin is not even three months old, it’s too early to be identifying definite trends. However, the token clearly got off to an explosive start after launching May 16th. It set an all-time high of
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