Insights into Notcoin's Recent Price Surge
The cryptocurrency Notcoin (NOT) has recently experienced a notable 80% increase in its market value over the past 2 days, positioning itself as one of the top gainers in the digital asset space. This surge has led to heightened trading activity, with an 80% surge in trading volume within the last 24 hours. A prominent crypto analyst, @wiseadvicesumit, has shed light on the key metrics driving this surge and suggested a potential slowdown in the ongoing rally of Notcoin.
Unveiling Notcoin
Notcoin serves as a community-oriented token that aims to familiarize users with the Web3 environment through an innovative 'tap-to-earn' mining concept. Here are essential details regarding Notcoin:
- Token: Notcoin (NOT)
- Total Token Supply: 102,719,221,714
- Initial Circulating Supply: 102,719,221,714 (representing 100% of the total token supply)
Key Factors Behind the Price Surge
Following its introduction on the Binance Launchpool, Notcoin has displayed robust growth in on-chain metrics, driving its price surge. Key metrics include:
- New On-Chain Notcoin Holders: Over 1 million new holders have recently joined the network.
- Notcoin Mints: The platform has recorded 841,170 mints.
- Decentralized Exchange (DEX) Activity: Within 30 hours, 117,254 traders executed 216,530 swaps.
- NFT Voucher Swaps to Notcoin: Approximately 67,258 swaps have occurred across 16 addresses.
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Foundational Catalysts
Tonkeeper's recent initiative introducing gas-free payments in USDT and Notcoin, alongside a significant burn of 6.95 million Notcoin tokens last week, have positively impacted the token's value. These fundamental drivers indicate that the rise in Notcoin's value is rooted in strong fundamentals rather than speculative interests, hinting at a potential extension of the current bullish trend.
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