The Rise of Notcoin: Reasons and Prospects

Bitget cryptocurrency exchange analyst Ryan Lee believes that one of the key reasons for Notcoin’s successful launch is its integration with the Telegram ecosystem. This allowed the token to gain access to millions of users who can conduct transactions directly in the messenger. Lee also noted the various use cases for the asset and its significant impact on the decentralized application (DApps) space. Indicators such as relative strength index (RSI) and moving averages indicate the token's stable performance.

OKX exchange analysts emphasize Notcoin’s unconventional entry into the market. Although the asset’s rate dipped in the first days, the Notcoin gaming mechanism helped support the coin. Users continued to earn tokens in a variety of ways, which attracted new users to its ecosystem. This contributed to a rapid recovery from the initial correction, and by the end of May, Notcoin successfully surpassed the $0.01 level.

Active support for the project from large companies and cryptocurrency exchanges also played an important role in the growth of Notcoin. OKX analysts noted that many players in the crypto industry conducted promotional campaigns, increasing the hype around the token. This became an additional factor in the formation of a user audience.

At the time of writing, the Notcoin rate is at $0.024, and the 24-hour trading volume was $2.2 billion. The asset’s market capitalization reached $2.46 billion, which allowed it to enter the top 50 crypto assets according to CoinMarketCap. This indicates good potential for further growth, OKX analysts say.

Analytics company CryptoQuant sees the token distribution model as the main success factor. 69% of the Notcoin airdrop came from on-chain withdrawals, and 23% went to community incentives. The project's strategy is aimed at actively involving users, which contributes to its success.

A trader under the nickname Crypto Slam noted that the drivers of growth were the burning of tokens, the launch of the coin staking function and the active actions of market makers. He also advised against buying Notcoin at the moment as the risk of a correction has increased significantly.

Inc4 project co-founder Igor Stadnyuk expressed optimism about the future of Notcoin. He predicts that in an optimistic scenario, the value of the token could reach $0.4 by 2025 and $2 within the next six years. Stadnyuk believes that Notcoin is capable of crossing the $0.1 mark in the coming days and is demonstrating growth rates that can be compared with Bitcoin and Ethereum.

The rise of Notcoin has generated a lot of interest in the cryptocurrency community. The main reasons for success were integration with Telegram, user support and an active marketing campaign. Despite the risks of a correction, many experts see significant potential for further growth in Notcoin and consider it a promising asset in the long term.

Let us remember that Pavel Durov called Notcoin “an amazing success story.”