Notcoin has experienced a rocky year, currently down 48% from its peak price. Nevertheless, the cryptocurrency still maintains a robust trading community, and with nearly a 10% price increase in the last week, it seems timely to discuss a Notcoin price forecast (NOT).
What is Notcoin (NOT)?
Notcoin (NOT) is a cryptocurrency that operates on the Telegram Open Network, enabling users to mine tokens through a tap on a virtual coin as part of a play-to-earn game.
Notcoin has transitioned from casual usage to become a viral project with millions of users. Despite this growth, the project has seen a decline in value of about 48% over the past year, paralleling the downturn in the broader cryptocurrency market. Nonetheless, it continues to hold a market cap exceeding $765 million, with 24-hour trading volumes surpassing $100 million.
Current Notcoin market overview
As of now, NOT is valued at approximately $0.0074, a substantial decrease from its all-time high of $0.028 reached in June 2024. The gamified nature of this cryptocurrency appeals to a wide range of users, but the price trajectory of NOT mirrors that of numerous smaller altcoins, which are deeply affected by Bitcoin’s price actions and broader market dynamics.
NOT has recorded gains in 16 out of the last 30 days with a volatility rate around 7%, suggesting that the coin is experiencing some positive momentum. This upward movement has been fueled by online activity from project supporters. Recently, the coin experienced a price spike only to fall by 13% in the past week.
Notcoin is underperforming compared to its 50-day simple moving average of $0.0091, with current resistance levels posing significant challenges to overcome. There is support around $0.0074, and the price currently sits at $0.0074672, marking a critical point for short-term traders.
Overall, the market perspective for Notcoin leans towards bearish.
Notcoin price prediction 2024
The price of Notcoin in 2024 will largely hinge on Bitcoin’s price movements and the overall health of the market. With limited new partnerships and major project updates on the horizon, Notcoin’s price will likely be influenced by Bitcoin’s dominance and prevailing trends in the altcoin sector.
Given the support at $0.0074, it’s feasible to anticipate a price range between $0.0086 and $0.012 by the year’s end. However, a breakdown of the crucial support level at $0.0074 could result in a significant price drop below $0.007, potentially triggering a broader market selloff, making these support/resistance zones vital for swing traders.
Additionally, the legal troubles surrounding Telegram founder Pavel Durov, linked to the Telegram Open Network supporting Notcoin, may have further implications for Notcoin’s price outlook.
In summary, a bearish trend for NOT appears to be the most probable scenario by the conclusion of 2024.
Notcoin price prediction 2025
Looking to 2025, Notcoin’s prospects will rest on Bitcoin’s post-halving performance, the condition of the TON blockchain, and the efforts of Notcoin developers.
Historically, Bitcoin’s halving tends to produce delayed effects where prices rise in the subsequent year. If this pattern continues, NOT might challenge and surpass present resistance levels. It will be crucial for Notcoin’s developers to be proactive, ideally enhancing the utility of Notcoin beyond its current tap-to-earn feature by integrating it into other projects or expanding the functionalities within the Notcoin ecosystem.
As the number of DeFi applications grows on TON, there will be more collaborative opportunities for Notcoin, and news of partnerships will be highly advantageous for bulls and supporters of the NOT token.
Notcoin price prediction 2030
By 2030, expectations surrounding a potential Notcoin bull run will depend on various complex factors. Regulatory changes will significantly influence how play-to-earn projects, as well as cryptocurrencies overall, are perceived legally.
User retention and growth will be critical, and it remains uncertain whether the tap-to-earn games will continue to be favored or if new types of crypto earning games might emerge as the preferred method. Furthermore, Notcoin’s performance is closely tied to the TON project, and thus its price fluctuations will reflect the activity level on the Telegram Open Network and any breakthroughs or challenges faced by the TON initiative.
A bullish scenario for Notcoin could see its price rise to between $0.21 and $0.35 by 2030, assuming the project achieves the steady, long-term growth generally expected from a well-supported and integrated cryptocurrency. Conversely, potential regulatory changes or a decline in popularity for either TON or the tap-to-earn model could pose significant risks to the future of this cryptocurrency.
Notcoin price prediction FAQ
What is Notcoin’s price prediction for 2024?
Notcoin may see prices rise beyond $0.009 up to $0.012 if external market factors assist in this upward trajectory, while a stagnant altcoin market could likely pull Notcoin down. Presently, the outlook for Notcoin is bearish.
What is Notcoin’s price prediction for 2025?
For 2025, analysts predict that Notcoin could trade in a range of $0.0086 to $0.0407, largely influenced by market sentiment, the Bitcoin halving cycle, and how effectively Notcoin integrates into the DeFi landscape on the TON blockchain.
Is Notcoin a good investment in 2024?
In light of its current market volatility and price downturn, Notcoin is considered a speculative investment in 2024. However, its low entry price combined with a strong community presence could present an opportunity for growth if market conditions improve and resistance levels are surpassed.
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