Hamster

Ethereum

Notcoin

Solana

Bitcoin

In the ongoing struggle of the cryptocurrency market, top assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others are struggling to gain momentum post-FOMC report and CPI data. Amid this challenging situation, the recently launched Telegram-linked meme token Notcoin (NOT) has experienced a massive price surge of over 22% in just 24 hours.
This surge has occurred during Asian trading hours and has continued at a steady pace. With this significant price increase in the last 24 hours, it has become the top gainer among the top 100 cryptocurrencies, including BTC, ETH, SOL, and BNB. Why NOT token price increase? 
The reason for this surge is the notable increase in its user base, reaching 35 million users with a peak of five milliondaily active users. This increased adoption indicates growing interest and engagement with the Notcoin platform, which often correlates with a rise in token value. 
However, the success of Notcoin has paved the way for a wave of new Telegram-based games, with the TON team hinting at plans to release a native token on the network. Notably, Hamster Kombat, another clicker game, has achieved a milestone of 100 million players, making it the largest <a href="https://news.todayq.com/notcoin-moves-1-03-bln-not-tokens-to-telegram-founder-the-reason/" rel="noopener noreferrer nofollow">Telegram channel</a>. In a strategic move, Hamster Kombat is now eyeing a tentative token launch in July 2024, allowing players to convert in-game points into crypto tokens.
Meanwhile, other games like Tapswap and Yescoin are following suit, aiming to capitalize on TON’s growing popularity. Tapswap, boasting 50 million players, initially integrated with the Solana wallet but has now shifted its focus towards launching its token on TON. Meanwhile, Yescoin is looking to migrate its 18 million users to The Open Network, with a significant portion already connecting their wallets. Bitcoin (NOT) price-performance analysis&nbsp; 
Following this massive adoption, as of writing, NOT is trading near $0.020, and in the past 24 hours, it has gained a significant 22% upside momentum. Looking at NOT’s performance over a longer period, it experienced a decent price drop of 4% in the last 7 days, which is comparatively lower than other top cryptocurrencies. Whereas, in the last 30 days, NOT has experienced a price gain of 45%.

Notcoin (NOT) skyrockets 22% amid struggling market, Here’s Why

Todayq News

Other articles published on Jun 14, 2024

Analyst Predicts Ripple’s Potential Rally

Whale Moves 2.5 Million Solana

5 Cryptos Being Traded the Most in This Falling Market

Bitcoin, Ethereum, Dogecoin Drop Further: 'Chop For Rest Of The Summer…Beggars Can't Be Choosers,...

Why This Is The Right Time To Buy Bitcoin and Gold – Bloomberg

Trezor Unveils New Safe 5 Crypto Hardware Wallet with Enhanced Security Features

Join our free newsletter for daily crypto updates!