Notcoin price rising again; PlayDoge could be the next P2E token to pump

Notcoin rebounds, gaining attention and climbing charts post-bearish period. Meanwhile, PlayDoge surges in presale, touted as a potential P2E token to watch.

Notcoin (NOT) is at it again.

The token is back turning heads, climbing the charts after a period of bearish momentum.

Meanwhile, a new project, PlayDoge (PLAY), is taking off in its presale phase – and some are even saying it could be the next Play-to-Earn (P2E) token to pump.

Notcoin bounces back with 29% rally

Notcoin’s crazy journey is continuing this week. After taking a brutal 39% nosedive last week, bottoming out at $0.0125 this Monday, NOT has staged a surprise comeback.

The tide has turned, with the token up 29% in three days to reach $0.0162. Notcoin’s technicals are also flashing bullish. NOT has muscled its way above the 50-period EMA on the 4-hour chart, flipping its medium-term trend positive.

Zooming out to the daily timeframe reveals an even more interesting picture. A massive bull flag is taking shape, and if this pattern plays out, Notcoin investors could be eyeing the $0.020 mark as its next target.

Interestingly, it’s not just the charts making noise. Spot trading volumes for NOT have exploded again, jumping 43% in the past 24 hours to hit $525 million. This jump has pushed NOT into the 15th spot among the most traded cryptos.

Notcoin has even reached number 2 on CoinMarketCap’s trending cryptocurrencies list.

Behind Notcoin’s surge – key developments & strategic moves

Notcoin’s resurgence isn’t a random event. The developers have been busy behind the scenes, making moves that are leading to more demand for NOT.

Most importantly, they recently announced a massive token burn, destroying $3 million worth of NOT. This wasn’t just a flashy PR stunt – it was a calculated move to tighten Notcoin’s supply (and potentially boost value).

But the developers didn’t stop there. They also unveiled a $4.2 million incentive plan to reward their most loyal users on the Notcoin Explore platform.

These decisions have reshaped Notcoin’s tokenomics and created additional scarcity. With a circulating supply of 102.4 billion and a market cap of $1.6 billion, NOT has cemented itself as the world’s 52nd-largest crypto. Of course, we can’t ignore external factors.

Bitcoin’s recent rally, after it briefly dipped below $60,000, is lifting the entire altcoin market. Notcoin is benefiting from this wider crypto bullishness. So, despite the coin’s recent volatility, there’s still a strong belief in its long-term potential.

PlayDoge turns heads with P2E ambitions & discounted presale

It’s not just Notcoin that’s performing well this week. A new contender, PlayDoge, is quietly building momentum. PlayDoge is a fresh face in the memecoin market, aiming to combine nostalgia with blockchain tech.

Remember those pocket-sized virtual pets from the ‘90s? PlayDoge is bringing that addictive gameplay back but with a lucrative spin.

Players can nurture a virtual “Doge” in an 8-bit universe, earning PLAY tokens for their efforts. It’s like diving into a retro world and growing your crypto wallet at the same time. PlayDoge’s presale kicked off on May 28, and it’s already raked in over $5.1 million in early funding.

That’s an impressive feat for such a new memecoin. With PLAY tokens on offer for just $0.00512, retail investors are flocking to get involved before the official launch.

But it’s not just about the discounted PLAY price. PlayDoge’s team is also tapping into the continued demand for P2E crypto projects. The entire P2E space is currently valued at $10.5 billion, with Floki, Notcoin, and Axie Infinity being the three biggest players.

PlayDoge is looking to make its mark on this space. So, will PLAY be the next P2E token to pump? Only time will tell, but with its old-school vibe and growing Twitter following, it’s certainly on the right track.

For more information, visit the PlayDoge presale website.

This article first appeared at crypto.news