CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Notcoin surges 16% with new Binance trading pair listing
Market Musing-g

Notcoin surges 16% with new Binance trading pair listing

crypto.news
By crypto.news
Created 7 months ago, last updated 7 months ago
3 mins read
Notcoin surges 16% with new Binance trading pair listing
Notcoin, the Telegram-based clicker game, surged 16% following a new trading pair listing for NOT, its native token, on the world’s largest crypto exchange, Binance.

At the time of writing, the token is up 10%, trading at $0.018, according to CoinMarketCap. The crypto asset is among today’s top gainers, while its market cap rose to $1.84 billion.

NOT 24-hour price chart | Source: CoinMarketCap

NOT has also experienced a 65% surge in its 24-hour trading volume, reaching $1.26 billion. However, the token is trading 37% lower than its all-time high of $0.0289, reached on June 2.

Notcoin’s recent surge comes as Binance has announced the expansion of its trading options for the NOT token with a new NOT to Brazil Real (NOT/BRL) trading pair, thereby opening doors for Brazilian traders. Users can start trading in the pair starting today at 14:00 UTC.

Notcoin’s journey began in early 2024 with a unique social clicker game hosted on Telegram. In the game, players accumulate in-game Notcoin currency by tapping a virtual golden coin.

The NOT token, which lies at the heart of Notcoin’s ecosystem, aims to be a community-centric cryptocurrency that encourages user participation in different project activities.

Participants can discover and engage with new web3 products and services, earning NOT tokens in the process. They can also take part in various games available on the Notcoin platform to gain additional rewards in NOT.

The amount of NOT tokens users can earn correlates with their in-game level; higher levels unlock access to greater reward pools.

Players can enhance their level by staking Notcoin, with their monthly staking amount determining their rank.

The Platinum level, the highest achievable, offers the greatest number of NOT tokens as rewards.

In May, Notcoin conducted its token generation event (TGE), introducing the NOT token on several leading cryptocurrency exchanges like OKX and Binance. The launch swiftly propelled Notcoin into the top 100 cryptocurrencies by market cap.

Recently, Notcoin donated over 1 billion NOT tokens, valued at $6.8 million, to Telegram and its founder, Pavel Durov. Durov has pledged to hold these tokens until they reach a market value of $680 million and plans to use the funds to expand Telegram’s server capacity.

Notcoin’s new surge comes as the global cryptocurrency market is once again in the green with a market cap that stands at $2.46 trillion.

Meanwhile, Bitcoin has also seen a slight increase in the last 24 hours, now hovering around $67,614.

0 likes
|

Other articles published on Jun 13, 2024

Market Musing-g

XRP Continues To Struggle Below $0.5, Ex-Ripple Director Reveals Why Price Action Remains Muted

It is no longer surprising that the XRP price movement has stagnated around $0.5 in the past few months despite various positive developments for Ripple. This lackluster price action has left many ...
By NewsBTC
7 months ago
3 mins read
Market Musing-g

Analyst Sees SEI’s Potential Drop, Eyes Key Support Levels

Crypto analyst breaks down SEI's price movements, highlighting significant bearish trends and future expectations.
By CryptoTale
7 months ago
1 min read
Market Musing-g

Injective price forecast: INJ chart points to a 46% jump

Injective price has crawled back since mid-May as traders watch its ecosystem grow after announcing recent events. The INJ token rose to $30 and is hovering near its highest levels since April 12. ...
By crypto.news
7 months ago
3 mins read
Market Musing-g

Ripple (XRP) Price Analysis Shows Bullish Divergence, Signaling Potential Micro Buy Opportunity

Coins Kid, a cryptocurrency analyst, has shared his insights on the current XRP price action. In his latest video, he highlights a bullish divergence on the four-hour timeframe, which has prompted ...
By CaptainAltcoin
7 months ago
5 mins read
Market Musing-g

Bitcoin Miners Are Starting to Dump Their BTC

More than $200 million in BTC were sold by Bitcoin miners on Sunday, a three-month high, according to CryptoQuant. Bitcoin miners are starting to dump their coin reserves following almost two month...
By ItsBitcoinWorld
7 months ago
4 mins read
Market Musing-g

Cardano's Charles Hoskinson Reacts to Elon Musk's Latest Achievement

Cardano's Charles Hoskinson sharply criticizes Delaware judge's previous ruling
By U_Today
7 months ago
3 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!