Analysis of Notcoin NOT Price A Rising Star in the Cryptocurrency Market

Key Points of Interest
Notcoin, a Telegram-based cryptocurrency, has seen a significant surge in price with a trading volume increase of 128.51% to $1.3 billion.
VeChain, Maker, and Optimism have faced price drops as Notcoin’s market cap reaches $2 billion.
There is speculation that Notcoin could potentially reach between $0.05 and $0.1 by the end of June, currently trading at $0.0198.
Notcoin’s Remarkable Rise
In the realm of Telegram-based cryptocurrencies, Notcoin has recently experienced a remarkable surge in price over the past day. This surge has been accompanied by a substantial spike in trading volume, surpassing even that of SHIB. The increase of 128.51% in trading volume, amounting to $1.3 billion, indicates a growing interest and participation from investors.
Notcoin’s Market Cap Soars
Notcoin stands out as a distinctive gaming project on Telegram, where users can earn NOT tokens by simply tapping a virtual coin. This interactive and straightforward game has attracted an impressive 35 million participants, leading to Notcoin’s listing on major cryptocurrency exchanges such as Binance, Bybit, and OKX.
The success of this game has inspired the development of similar applications, contributing to increased user engagement within the crypto market. With its recent surge, Notcoin’s market cap has now reached $2 billion, positioning it as the 49th largest cryptocurrency. This places Notcoin in direct competition with VeChain (VET), Maker (MKR), and Optimism (OP), all of which have experienced recent price declines.
Analysis of Notcoin’s Price Movement
Notcoin is currently experiencing a notable uptrend, signaling the potential for a bullish period ahead. The Relative Strength Index (RSI) stands at 58, indicating that Notcoin is neither overbought nor oversold. The cryptocurrency is poised to test the resistance level at $0.03 in the near future.
If this positive trend continues, Notcoin’s price could ascend towards $0.05 and even potentially reach $0.1 by the conclusion of June. At present, Notcoin is trading at $0.0198, reflecting a slight 4.5% decrease in price over the last 24 hours, with a market cap of $2 billion.