Notcoin, the innovative Telegram-based clicker game, has experienced a significant price surge of 16% after the world’s largest crypto exchange, Binance, announced the listing of a new trading pair for NOT, its native token.
At present, Notcoin is trading at $0.018, reflecting a 10% increase, according to CoinMarketCap. The token is among the top gainers of the day, and its market capitalization has climbed to $1.84 billion. The 24-hour trading volume for NOT has also surged by 65%, reaching $1.26 billion. Despite this recent uptrend, NOT is still trading 37% below its all-time high of $0.0289, achieved on June 2.
Binance Expands Trading Options for Notcoin
The recent surge in Notcoin’s value coincides with Binance’s announcement to expand its trading options by introducing a new trading pair: NOT to Brazil Real (NOT/BRL). This move is expected to attract Brazilian traders, with the pair available for trading starting today at 14:00 UTC.
The Rise of Notcoin
Notcoin’s journey began in early 2024 with the launch of a unique social clicker game on Telegram. Players in this game accumulate in-game Notcoin currency by tapping a virtual golden coin. The NOT token, central to the Notcoin ecosystem, is designed to be a community-centric cryptocurrency that promotes user participation in various project activities.
Participants can explore and interact with new web3 products and services, earning NOT tokens as rewards. Additionally, they can partake in various games on the Notcoin platform to earn more rewards. The amount of NOT tokens users can earn is linked to their in-game level; higher levels provide access to larger reward pools.
Staking and Rewards
Users can increase their level by staking Notcoin, with their monthly staking amount determining their rank. The highest level, Platinum, offers the greatest number of NOT tokens as rewards.
Token Generation Event and Market Impact
In May, Notcoin conducted its token generation event (TGE), introducing the NOT token on several leading cryptocurrency exchanges, including OKX and Binance. This launch quickly propelled Notcoin into the top 100 cryptocurrencies by market capitalization.
Notcoin’s Contribution to Telegram
Recently, Notcoin donated over 1 billion NOT tokens, valued at $6.8 million, to Telegram and its founder, Pavel Durov. Durov has committed to holding these tokens until they reach a market value of $680 million, intending to use the funds to expand Telegram’s server capacity.
Market Context
Notcoin’s recent surge comes amid a broader positive trend in the global cryptocurrency market, which currently boasts a market capitalization of $2.46 trillion. Bitcoin has also seen a slight increase in the last 24 hours, now trading around $67,614.
Notcoin’s new listing on Binance and its continued integration into the crypto ecosystem underscore its growing influence and the increasing interest from traders and investors alike.
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