Thursday’s Top Performer: Notcoin (NOT) Surges 30%, Tops Shiba Inu And Pepe In On-Chain Holders

Notcoin (NOT): A Top Play-to-Earn Token

Notcoin (NOT), an integral part of the Open Network (TON) ecosystem, has emerged as a notable player in the market. Its surge of over 30% within 24 hours has catapulted it to the 82nd position among the top 100 cryptocurrencies, boasting a market capitalization of $1.25 billion.

Tap-to-Earn Gameplay and Massive User Base

Launched in 2023 by Open Builders, Notcoin gained popularity through its engaging Telegram-based Tap-to-Earn game. Players accumulate Notcoins by tapping on virtual coins, complete quests, participate in leaderboards, and utilize boosts. This accessible gameplay has attracted millions of users, making Notcoin a popular entry point for blockchain gaming newcomers.

A GameFi Success Story

Notcoin represents a prominent GameFi project, amassing over 35 million users through its immersive gameplay and viral growth. The game fosters social interaction by allowing players to form squads, invite friends, and engage in community-driven activities.

Community-Centric Allocation Strategy

With a total supply of 102.7 billion NOT tokens, Notcoin prioritizes community involvement in its allocation strategy. Approximately 78%, or 80.2 billion tokens, are allocated to early miners and voucher holders, ensuring a significant portion remains within the community. The remaining 22% is reserved for new users, traders, and future development, fostering a decentralized ecosystem.

All-Time High and Increased On-Chain Activity

After a successful airdrop and listing on major exchanges, Notcoin experienced a brief decline in value. However, it has since surged to $0.012 within the past 24 hours, setting a new all-time high. Key factors driving this surge include an increase in on-chain holders, surpassing Shiba Inu (SHIB), Bonk Inu (BONK), and Pepe Coin (PEPE). Notcoin now boasts over 1.6 million holders, surpassing SHIB's 1.4 million.

Substantial Trading Volume

According to CoinGecko, Notcoin has witnessed a significant increase in trading volume, reaching $1.4 billion within 24 hours. 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 growth.

Outlook

As the market matures, it remains uncertain whether Notcoin's recent success will translate into a sustained uptrend. However, the combination of increased on-chain holders, growing trading volume, and innovative gameplay features positions Notcoin for continued growth and market recognition.