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Notcoin has had a turbulent year, now down 48% from its all-time high. However, the cryptocurrency still has plenty of active traders, and with an almost 10% rise in price over the last week, a Notcoin price prediction seems in order (NOT).
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What is Notcoin (NOT)?
Notcoin (NOT) is a crypto that operates on the Telegram Open Network, allowing users to mine tokens by tapping on a virtual coin as part of a play to earn game.
Notcoin has risen from casual use to become a project with millions of users and viral status. Despite this, however, the project has fallen in value around 48% over the last 12 months as interest declined alongside the wider crypto market. However, the coin continues to boast a market cap above $765 million, with 24-hour trading volumes of over $100 million.
Current Notcoin market overview
NOT is currently worth around $0.0074, down considerably from the all-time high of $0.028 seen in June of 2024. The gamified model of this crypto project is attractive to many users, but the trajectory of NOT has followed that of many smaller altcoins which are heavily influenced by Bitcoin price action and overall market forces.
NOT has been in the green for 16 of the last 30 days with a volatility rate of around 7%, indicating that the coin has already been benefiting from some positive upward momentum. In the case of NOT, this was being spurred on by online activity by supporters of the project. The coin saw a price spike recently before dropping 13% last week.
Notcoin is significantly underperforming its 50-day simple moving average of $0.0091, with resistance levels that are proving difficult to break through at the moment. Support can be found at around $0.0074, while the price now sits at $0.0074672, a key area for short-term traders of the coin.
All things considered, the market outlook for Notcoin is decidedly bearish.
Notcoin price prediction 2024
This project’s 2024 price will depend largely on Bitcoin’s own price action as well as the health of the wider market. With few new partnerships or significant project updates to speak of, Notcoin price is at the behest of BTC dominance as well as trends active throughout the altcoin space.
With support at $0.0074, it’s possible that we could see a price projection between $0.0086 and $0.012 by the end of the year. However, breaking the strong support seen at $0.0074 could see the coin plummet below $0.007 and trigger a wider selloff, making these support/resistance areas crucial for swing traders.
Another factor potentially impacting Notcoin price and outlook is the arrest of Telegram founder Pavel Durov due to his connection with the Telegram Open Network that supports Notcoin.
In our view, a bearish trend for NOT is the most likely outcome by the end of 2024.
Notcoin price prediction 2025
The outlook for Notcoin by 2025 will include the post-halving performance of Bitcoin, the health of the TON blockchain, and the activities carried out by Notcoin developers.
Bitcoin’s halving often sees a delayed reaction where the following year sees higher BTC prices. If this trend continues, we could see NOT test and break the levels of resistance currently holding it back. Notcoin developers will also need to be pro-active, and ideally expand the utility for Notcoin beyond its tap-to-earn mechanism by integrating it into other projects or building out other functionalities within the Notcoin ecosystem.
As more DeFi applications grow on TON, Notcoin will have a wider pool of projects that it could work with to draw from, and NOT coin news of partnerships will be very helpful indeed for NOT bulls and supporters.
Notcoin price prediction 2030
By 2030, the expectation for a for Notcoin bull run will depend on a number of complex factors. Regulatory developments will play a role, as the legal status and classification of play-to-earn projects and indeed, of cryptocurrencies in general, will ideally have been clarified by this stage.
User growth and retention will play a major role, and it remains to be seen whether tap-to-earn games will continue to grow in popularity or whether a new type of crypto-earning game might surpass this method. Finally, Notcoin’s fate is closely linked with that of the TON project at this time, and NOT’s price action will depend on the number of active users on Telegram Open Network and any related breakthroughs or obstacles encountered by this project.
A bullish case for Notcoin could see a NOT coin price rise between $0.21 to $0.035 by 2030 if Notcoin enjoys the kind of steady, long-term growth that a well-supported and integrated crypto project can be expected to come across. However, the risks of regulatory shifts or a drop in popularity for either TON or the wider tap-to-earn model could seriously endanger the future of this project.
Notcoin price prediction FAQ
What is Notcoin’s price prediction for 2024?
Notcoin could see prices blast past $0.009 all the way to $0.012 if wider market forces support this upward momentum, while a staler altcoin market would likely drag Notcoin down with it. The outlook for Notcoin is currently bearish.
What is Notcoin’s price prediction for 2025?
For 2025, analysts suggest that Notcoin could trade between $0.0086 and $0.0407, largely depending on market sentiment, Bitcoin’s halving cycle, and how well Notcoin integrates into the DeFi space on the TON blockchain.
Is Notcoin a good investment in 2024?
Given its current market volatility and price decline, Notcoin remains a speculative investment in 2024. However, its low entry price and strong community presence could offer upside potential if the market sentiment improves and it breaks past key resistance levels.
This article first appeared at crypto.news
