Notecoin (NOT) Price Reaches All-Time High; Surges Over 350% in a Week
The post Notecoin (NOT) Price Reaches All-Time High; Surges Over 350% in a Week appeared first on Coinpedia Fintech News
Telegram-based cryptocurrency Notecoin (NOT) has reached an exceptional weekly rally to over 350%, an unexpected level. Surrounded by a generally static crypto market, Notecoin stands out by surging an additional 40% on Sunday, resulting in its all-time high of $0.027.
The current value of NOT is $0.02373, and its market cap is $2.439 billion. In fact, the surged price and market hint at a $2 billion increase and highlight the heightened investor interest and confidence in digital assets.
Explosive Growth in Notcoin Transactions
The outstanding rally in Notcoin has also significantly increased trading activity. Notcoin’s daily transaction volumes reached more than 220%, crossing the $4.5 billion mark, making it NOT the fourth-highest traded cryptocurrency at present. Analysts believe this successful surge is due to Notcoin’s strategic move of integrating Telegram’s vast user base.
Initially, a recent airdrop experienced a neutral response, but since then, it has turned positive, uplifting the price rally. In addition, this magnificent increase in transaction volumes also sheds light on how the Notcoin ecosystem is witnessing a growing adoption since users earn tokens simply by playing games and completing tasks. Hence, this feature has successfully increased user engagement and activity.
Increased Whale Activity Signals Confidence
At par with the rising prices, NOT’s whale activity has also increased significantly. On-chain data provider Lookonchain reported a major gain, as its price surged over 400% last week. Another whale has revealed an unrealized profit of $862,000 on Notcoin. This whale had initially purchased 46.4 billion $wNOT tokens converted to 46.4 million $NOT later, resulting in major gains.
As long as Telegram’s mini-apps experience enthusiasm and the integration of Notcoin continues, analysts predict a steady bullish trajectory for Notcoin, which would possibly reach new price targets shortly.
