Why Notcoin Price Briefly Skyrocketed: What You Need to Know
$NOT, the token underpinning crypto’s viral new Telegram-based social clicker game Notcoin, surged 49.4% from a seven-day low of $0.0085 to a high of $0.0127 yesterday evening UTC.
The Notcoin token currently changes hands at $0.01124, which is about 32% higher than its recent low, although it’s 3.4% down from its price 24 hours ago.
Notcoin’s surge comes after launch of another Telegram game called Lost Dogs: The Way. The game is a collaboration between fellow TON developers, gaming team Lost Dogs Co and NFT trading platform Getgems.
The new story begins https://t.co/8gCHpsimIh
— Notcoin Ø (@thenotcoin) August 1, 2024
Lost Dogs players earn Notcoins alongside another in-game currency called WOOF by making daily choices between three possible outcomes set at the beginning of the day that influence their dogs’ story.
The winning choice is the one that is decided upon by the most players.
Anyone can access the Telegram-based Notcoin game through the app. Simply 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.
The tap-to-earn game and its token run on The Open Network (TON), a blockchain that was previously part of Telegram when it launched in 2018, but which has since spun out in 2020 after the SEC charged Telegram with violating federal securities laws by selling it. The two remain strongly affiliated, however.
While a rise of 50% is no small feat, when we zoom out and look at the trading chart over the last three months, the rally looks a lot more subtle
Notcoin’s $NOT token posted a low of $0.0085, which more or less took it down
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