Analyst Van de Poppe predicts that Notcoin will increase 2-5 times compared to Bitcoin

Market veteran Michaël van de Poppe predicts a 2-5x rise for altcoins like Notcoin (NOT) versus Bitcoin (BTC), as its market growth continues to ignite investor interest.

Michael van de Poppe, an experienced market analyst, recently highlighted the potential growth of altcoins, with a particular focus on Not money (NOT). According to van de Poppe, altcoins, including NOT, are expected to perform very well, potentially achieving a 2-5x increase versus Bitcoin over the next four months.

This optimistic outlook comes as Notcoin displays substantial market activity and volatility. Van de Poppe’s words highlight the growing interest in altcoins, suggesting a promising trend for investors in the market.

In particular, For According to another analyst, Rekt Capital, the Altcoin Market Cap will reach the highest weekly close since early April 2024. This development is perfectly in line with the Ultimate Altcoin Market Cap game plan outlined by market observers months ago.

Notcoin market performance

Currently, Notcoin is trading at $0.023676, with a 24-hour trading volume of $2,207,341,547. The cryptocurrency saw an increase of 3.22% in the last 24 hours. Currently ranked 49th on CoinMarketCap’s list of largest assets, Notcoin has a market capitalization of $2.4 billion.

A performance comparison chart highlights the distinct behaviors of Notcoin (NOT) and Bitcoin (BTC) from May 17th to June 4th. The data shows that while BTC has remained relatively stable around the 0.00% mark with minimal fluctuations, NOT has shown notable volatility.

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Initially, NOT fluctuated around 0.00%, experienced a notable decline below -5.00%, and began a significant increase around May 30, peaking above 15.00% by June 1 .

Although it declined later, it remained above the 5.00% mark by June 4. On the other hand, Bitcoin maintained a stable performance near the 0.00% mark with minimal fluctuations, indicating lower volatility than Notcoin.

Impressive trading volume and market activity

Recent data shared by IT Tech, a verified author at CryptoQuant, shows that Notcoin’s trading volume was second only to Bitcoin. At the time of disclosure, Notcoin recorded a 24-hour trading volume of $16.33 billion, surpassing Ethereum’s $11.71 billion.

On the other hand, Notcoin’s open interest stands at $227.47 million, which is significantly lower than Bitcoin’s $11.89 billion and Ethereum’s $8.88 billion. Open interest represents the total number of derivative contracts outstanding, indicating a smaller derivatives market or less leveraged trading for Notcoin.

Additionally, Notcoin boasts a 24-hour funding APR of 31.101%, suggesting strong incentives for traders to hold positions in its perpetual futures contracts. This contrasts with BTC and ETH’s lower funding APRs of 12.481% and 14.835% respectively, reflecting more balanced funding conditions.

Last month, The Crypto Basic reported a 600% rally in the price of Notcoin after its launch on May 16th. This increase was driven by increased market liquidity and investor participation, triggered by its listings on Binance and OKX.

Within 24 hours of listing, Notcoin entered the top 10 cryptocurrencies by daily trading volume, attracting over $1.2 billion.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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