Notcoin (NOT), a Telegram-based “social clicker” game, has experienced significant growth and community support in recent days. The NOT token, which is central to the Notcoin ecosystem, has surged by over 50% following the launch of “earning missions” that enable players to passively earn token rewards by completing quests and engaging with partner projects.
TLDR
- Notcoin (NOT) token has surged over 50% following the launch of “earning missions” that enable passive token rewards.
- NOT’s market cap reached nearly $1 billion, moving it into the top 100 cryptocurrencies by market cap.
- Notcoin aims to become “the Netflix of social, viral games” by evolving into a launchpad for other developers.
- A recent X poll showed overwhelming community support for Notcoin over Bitcoin.
- Notcoin’s open interest surged from $44 million to $101 million within 24 hours, indicating strong bullish sentiment.
The surge in price and interest has propelled Notcoin into the top 100 cryptocurrencies by market cap, with its value reaching nearly $1 billion.
The token’s 24-hour trading volume also skyrocketed to $1.4 billion, representing a 327% increase from the previous day.
This growth comes on the heels of Notcoin’s recent airdrop, which saw 35 million players entitled to claim NOT tokens based on their in-game activity.
Limited supply
Wide distribution
Still cheap— Notcoin Ø (@thenotcoin) May 25, 2024
Open Builders founder Sasha Plotvinov has expressed grand ambitions for Notcoin, aiming to transform it into “the Netflix of social, viral games.” The project plans to evolve into a launchpad for other developers to create their own crypto social games, further expanding the Notcoin ecosystem.
The community’s support for Notcoin was evident in a recent X poll, where the project was overwhelmingly preferred over Bitcoin, capturing 86.2% of the 29,711 votes cast.
The Notcoin team highlighted the token’s limited supply, wide distribution, and relatively low price compared to Bitcoin, drawing comparisons to BTC’s market cap and price in 2013.
Notcoin’s growth has been further fueled by the introduction of “earning missions,” which guide players through various partner project communities, rewarding them with NOT tokens for learning about other crypto games and apps. The amount of NOT earned is based on the player’s in-game level, which can be increased by staking Notcoin.
The project’s recent success has also been reflected in the futures market, with open interest surging from $44 million to $101 million within 24 hours, coinciding with the price increase.
This surge indicates strong bullish sentiment among traders, who are willing to take long positions in Notcoin. The price uptick has also led to a significant number of short liquidations, totaling more than $4.4 million in the last 24 hours.
The post Notcoin (NOT) Token Surges Over 50% & Enters Top 100: After Launch of “Earning Missions” appeared first on Blockonomi.