Altcoins
Notcoin Skyrockets 87% in Just a Few Days! Is This Just the Beginning?
Notcoin started the week with green candles. The weekend was very eventful for Notcoin. From Friday to Sunday, this coin saw an increase of 87.81%. The price jumped from $0.00912 to $0.1699. However, at this price, it faced resistance and dropped by 20%. The 100 EMA helped prevent further decline. Currently, Notcoin is trading at $0.01605 and is back in the resistance zone. The 20 EMA is currently supporting its price.
Source: TradindView
Notcoin Support for the Project
The price of Notcoin is doing well and the project is also working for the community. On July 5, their official Twitter handle shared that over 200 projects have already been launched on Notcoin. These launches have seen the participation of 22.5 million users. Using the Play-to-Earn formula, they have built a community of 40 million players. Users will find many Web3 projects on Notcoin and will earn rewards by interacting with them. Recently, the project has partnered with Helika Gaming to launch Telegram Gaming Accelerator.
Source: Twitter
Change in trading
In the last 24 hours, Notcoin’s trading volume has dropped by 55% and its market cap is currently $496 million. There is a negative sentiment in the entire cryptocurrency market. Even the largest cryptocurrency, Bitcoin, has seen a 30% decline in the last 24 hours of trading. On June 2, Notcoin recorded its highest price of $0.0292. Currently, Notcoin is down 45% from its ATH.
Even though the MACD is showing a possible imminent price decline, experts are not worried about it. According to them, this is only due to the bearish sentiment in the market.
Source: TradingView
According to experts, Notcoin is not heavily affected by the bearish sentiment of the market. Thanks to the developments of the project and the support of the community, this token is working stably. This is just the beginning of its rise. Just as it grew by 500% at the end of May, it still has many jumps to produce.