Notcoin Price Forecast: 67% In A Week After Launching Earning Missions, Will NOT Reach $0.1?

Notcoin Price Forecast: Notcoin, arguably one of the most hyped cryptocurrencies in the current market landscape, has experienced substantial growth since its inception. Initially, the Notcoin price faced a sharp decline shortly after its launch, primarily due to selling pressure from airdrop claimants. However, one week later, Notcoin has garnered renewed interest from investors. Currently priced at $0.008889, it reflects a 9% drop in the past 24 hours and a 67% increase over the past 7 days.

Notcoin Price Forecast: Bulls Receive New Strength 

Notcoin price performance has been exceptional, with price action sustaining above the 50-day and 200-day simple moving averages (SMA). The NOT price bottomed around May 25, and renewed interest among investors saw the price jump over 115% in four days.

After the initial rise, the NOT price retraced back to $0.0074 before bouncing higher and establishing a new high at $0.0099. Bears took over to cool off the steam, and prices were consolidated for a few hours between $0.0087 and $0.009. This coincided with the 0.5 Fibonacci retracement level. The asset’s price has bounced back and is headed toward the 0.27 fib extension level. This would set it around the $0.011 price target.

In an inverse scenario, NOT may find support around $0.0087 and $0.0075, which coincide with the 50-day SMA.

Why Is Notcoin Token Price Mooning?

Notcoin, a Telegram mini-app Tap-to-Earn game, saw its price surge after the project’s team launched ‘Earning Missions,’ a feature that allows users to earn crypto passively on Telegram. In these missions, players earn NOT tokens by completing various tasks, such as guiding players through different communities and learning about other crypto games and apps. 

This led to a significant increase in NOT’s open interest on exchanges, jumping from $40 million to $100 million, indicating extreme bullish sentiment in the market. Notcoin enjoyed a successful launch, securing listings on most tier-1 centralized exchanges. Its market cap surged to over $1 billion amid the recent price rally, with a 24-hour trading volume reaching $1.3 billion. 

This highlights the power of community in a project, as the mini-app has attracted over 35 million active users from the Telegram user base. Following the NOT launch, other Tap-to-Earn games, such as Hamster Kombat and Tapswap, have also gained popularity.

Bottom Line

The Tap-to-Earn crypto narrative is only in its infancy, and as a pioneer in the niche, NOT’s price may see further increases. While other mini-apps like Tapswap have surpassed Notcoin’s active user numbers, the NOT development team remains proactive in devising strategies to onboard more players, solidifying their position as leaders in the Tap-to-Earn space.