Notcoin (NOT), the play-to-earn token integrated into the Open Network (TON) ecosystem, has made significant waves in the market, becoming the top performer on Thursday.
With a surge of over 30% within the past 24 hours, Notcoin has secured the 82nd spot among the largest 100 cryptocurrencies, boasting a market capitalization of $1.25 billion.
Notcoin Attracts Millions With Tap-To-Earn Gameplay
Launched in 2023 by Open Builders, a team focused on developing social games, Notcoin gained popularity shortly after its release. The game’s gameplay, combined with the strategic use of Telegram’s vast user base, attracted millions of users.
Players engage in a Telegram-based Tap-to-Earn game, accumulating Notcoins by tapping on virtual coins. Completing quests, participating in leaderboards, and utilizing boosts enhance the earning potential, making Notcoin an accessible entry point for blockchain gaming newcomers.
Notcoin exemplifies a notable GameFi project, drawing over 35 million users through its engaging gameplay and viral growth. The game promotes social interaction by allowing players to form squads, invite friends, and engage in community-driven activities.
With a total supply of 102.7 billion NOT tokens, Notcoin’s allocation strategy prioritizes the community’s involvement. Approximately 78% of tokens, accounting for around 80.2 billion, are allocated to early miners and voucher holders, ensuring a significant portion remains with the community.
The remaining 22% is reserved for new users, traders, and future development phases, fostering a decentralized and community-driven ecosystem.
NOT Surges To New All-Time High
Notcoin experienced a decline in value down to $0.0045 on May 23 after a successful airdrop and listing on major exchanges like Binance. However, the token has since surged to $0.012 within the past 24 hours, reaching a new all-time high.
One of the key drivers behind this surge is the increase in on-chain holders, surpassing competitors such as Shiba Inu (SHIB), Bonk Inu (BONK), and Pepe Coin (PEPE). Notcoin boasts over 1.6 million holders, surpassing SHIB’s count of 1.4 million.
According to CoinGecko data, Notcoin has also witnessed a substantial increase in trading volume, with a 45% surge compared to the previous day, reaching $1.4 billion traded within 24 hours. Notably, it has become the 7th most traded asset on Binance, surpassing Solana (SOL), Dogecoin (DOGE), and XRP.
The introduction of passive earning missions in the Telegram Game has contributed to Notcoin’s recent surge in price, trading volume, and almost doubling of its market cap within a week.
As the market awaits further developments, it remains to be seen whether Notcoin’s recent achievements will lead to a continuation of the uptrend, potentially reaching higher levels.
The combination of increased on-chain holders, growing trading volume, and the introduction of new gameplay features positions Notcoin for continued growth and market recognition.
Featured image from Shutterstock, chart from TradingView.com
