Notcoin

FOMO

Toncoin

when

Notcoin [NOT], the newly released token of the Open Network-based mine-to-earn game, has had an incredible day.
An astounding 45.13 percent gain was represented by NOT’s price of $0.0076 as of press time.
Curiously, this gain occurred while the majority of the market’s top assets were either losing ground or remaining relatively unchanged. It was also in line with the price prediction that AMBCrypto made public a few days ago.
But the price increase accomplished more than that for Notcoin holders.
With a market cap of $790.35 million, the token joined the esteemed top 100. The volume of a market is determined by its price and the amount of stock in circulation.
So, if the price keeps going up, NOT might potentially unseat some of the projects above it, assuming those values don’t fall too far.
NOT and TON are not synonymous. In addition, AMBCrypto noted that, in the days following its official launch, Notcoin’s value had dropped by 55%. The native token of The Open Network, Toncoin [TON], saw an increase in price at that time.
However, NOT now appears to be forging its own path, so the tables are turned. The reason behind this claim is that the price of TON did not rise in tandem with the trend.
In the same time frame that Notcoin surged, the price of TON fell by 1.32%, to $6.28, as of this writing.
The volume of NOT was $1.05 billion as of the time of press. Since the token’s launch in mid-May, this metric has never been higher. A cryptocurrency’s volume can be seen as a measure of its interest.
A spike in buying pressure may be behind the increase in volume this time, as opposed to the previous occasion when the price fell.
The price and volume of NOT could continue to rise, which could lead to a higher value for NOT.
Caution is advised. $0.01 might not be secure. If current trends continue, it would not be surprising if Notcoin reaches $0.01 in the coming weeks.
If this turns out to be true, the project’s market cap might go above the $1 billion mark.
It may take more time to NOT reach the milestone if token interest drops, rendering this prediction invalid.
In addition to the aforementioned metrics, AMBCrypto computed NOT sentiment.
Santiment data shows that between May 26th and 28th, the Weighted Sentiment increased from 0.656 to 0.965.
This uptick suggested that Notcoin had been enjoying an uptick in favorable remarks prior to the breakout. That being said, the token’s intense demand was not unexpected.
Nevertheless, a retracement in NOT’s price might occur if FOMO sets in as the metric keeps going up.A change in the rate of purchase or sale is indicated by the increase. Fear Of Missing Out is the acronym for this concept. In the cryptocurrency market, this happens when an asset’s price moves a lot, which causes more people to talk about it online, which in turn increases demand for buying just as the price is about to hit a local high.
Consider NOT’s market cap in TON terms, if you so desire.
This could render the anticipated increase to $0.01 for Notcoin meaningless if it occurs. If we look at social dominance and volume, NOT has a big share, according to the data.
However, as of the time of publication, that increase had started to fall, suggesting a decrease in project-related searches and discussions.

Enters top 100 as Notcoin experiences 45% rise: Right now, could it break $0.01?

Blocksays

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