Notcoin, the native token within the Telegram ecosystem, has notched up an impressive volume of $4.6 billion in just 24 hours. The whopping 220% surge has catapulted the coin into the top four behind Bitcoin, Ethereum, and USDT. Almost half the volume is on Binance with NOT/USDT transaction volume reaching $2.182 billion on the top exchange. This accounted for 46.56% of its 24-hour price increase of 52%. The coin has shown an impressive rally, extending its weekly gains to over 350%.
While the broader digital assets market remained relatively stable over the weekend, Notcoin surged by 40% on Sunday, reaching an all-time high of $0.027. Currently, NOT is trading at $0.02107 with a market cap of $2.18 billion. Analysts attribute this surge to its successful integration with Telegram’s vast user base. Although the recent airdrop initially received a lukewarm response, it has since gained positive momentum, reflected in the token’s price increase.
Notcoin’s dramatic uptick comes from the immense potential of Telegram and its Ton blockchain. Social media platforms like Farcaster, have also recorded a NOT’s surge, underscoring the growing influence of social media in shaping market sentiment and driving investment decisions.
Notcoin Pave The Way For Web2 Game Coins
As per market observers, the token’s success can be attributed to its strategic targeting of Telegram users who are not crypto or web3 native. By leveraging Telegram’s registration process as a barrier against bots and embracing its memecoin nature, Notcoin has fostered an environment where authenticity thrives. This authenticity, rooted in genuine user engagement, has become the cornerstone of its meteoric rise.
Now let’s think about who has way more real users than TG: the entire Web2 game space! Imagine those games rewarding the active players and payers with their ‘meme’ game coins. Is that another Notcoin on a much larger scale? Won’t some of them go to the moon? The logic is the same. Game coins, backed by massive authentic players and revenue, are coming to Season 2.
However, the implications of the token’s skyrocketing surge go beyond Telegram. As attention shifts towards the broader landscape of Web2 gaming, the potential for similar success stories looms large. With vast user bases and substantial revenue streams, gaming platforms are poised to introduce their own ‘meme’ game coins. Much like Notcoin, these tokens could see exponential growth driven by the authenticity and activity of their user communities.