Notcoin Price Explodes 20% as This Meme Coin Soars to Record Highs
The Notcoin token (NOT) has surged 20% over the past day, as attention shifts to the Tap-2-Earn crypto sector on Telegram. This rise comes despite a general downturn in the broader crypto market.
This article will provide an analysis of NOT’s current price trends and look to see whether an innovative new meme coin, PlayDoge, represents a more promising investment opportunity at this time.
#Notcoin grew by +15% in 8H and is now storming a $0.02 resistance level 🚀
☑️ If $NOT breaks through this level, we can see the continued growth on a wave of short traders' liquidations pic.twitter.com/oAmg6I8XDJ
— Web3_Vibes (@W3Vibes) June 14, 2024
It’s no secret that Telegram-linked Toncoin (TON) is a market favorite for potential gains in Q2, with many going as far as to label this period ‘Toncoin Summer’ – amid this hype, Notcoin has emerged as a popular tap-2-earn crypto.
NOT Price Analysis: As Notcoin Price Explodes From Retracement Move – Here’s What’s Next For NOT
As NOT price shifts back into a strong bullish form, Notcoin is currently trading at a market price of $0.02 (representing a 24-hour increase of +19.2%).
This comes after NOT price endured a -50% retracement move throughout this week after rallying aggressively to create a new all-time high at $0.03 on June 2.
In the week since, consolidation has been successfully mounted above the now firm support level of $0.017, posing the current bullish upside move – which sees NOT holders targeting a run at the ATH.
Critical underfooting emerges from the 20DMA, which flipped back to support on June 12.
Yet, the RSI indicator suggests a mild cause for concern at an overheated and bearish 61.3 – which implies a need for price to slow down.
Despite this, overall, the outlook for NOT in the short-time frame looks positive, with encouraging fundamentals reinforcing the bullish chart structure.
If the price can break above local resistance at $0.021, the Notcoin price could move to higher support at $0.026 (a potential +32% move).
Meanwhile, the downside risk could be that the NOT price tumbles down to 20DMA support at $0.0184 (a possible -8%).
Overall, Notcoin price analysis reveals a short-time frame risk: a reward ratio of 4.11 – an incredibly alluring entry that could accrue decent gains over the weekend.
But while NOT price offers an alluring proposition, another viral meme coin presale is gaining significant traction in the retail market due to its impressive GameFi utility and ecosystem offering – you don’t want to miss this hidden gem.
Here’s Why PlayDoge Is Set To Be The Biggest Gainer in Q2 2024 Crypto Market
At the heart of meme coin season, there has been one constant: the crypto community’s undying love for the now iconic Shiba Inu dog.
In the latest dog coin trend, a new Tamagotchi-style GameFi project is gaining explosive viral traction due to its Shiba Inu mascot – with many calling it the next 100x dog coin play.
The best bit? If you’re reading this, then you’re one of the lucky few who have caught wind of the project before it hits DEX markets – with the exclusive opportunity to join the project as an early-bird investor at the presale stage.
Currently on sale for just $0.00506 per PLAY token, PlayDoge has surged to a multi-million raise just over a week since it opened its doors to early investors.
Now standing at $4,327,142 raised, PlayDoge’s promise of a truly exciting Play-2-Earn ecosystem is shaking up the GameFi space.
At the heart of its offering is a masterminded Play-2-Earn tokenomic centered around a nostalgic Tamagotchi-style NFT marketplace.
Plus, by getting in early before PLAY trades on DEX markets and hits major CEX listings, you will be able to accrue the lion’s share of future gains.
Why invest in a $2Bn market cap like NOT, when you could get in ahead of the next big pump on a coin like PLAY at $4.3M?
The choice is obvious.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
