Notcoin

Shift

Token

Million

Read

<ul>
 <li>Notcoin’s recent token burn of 210 million NOT tokens has sparked positive market sentiment.</li>
 <li>The Explore initiative rewards active users, fostering demand for NOT tokens.</li>
 <li>The falling wedge pattern suggests a potential price surge, targeting $0.023 to $0.031.</li>
</ul>
<p>On June 25, the <a href="https://twitter.com/thenotcoin?lang=en" rel="noopener noreferrer nofollow">Notcoin </a><a href="https://twitter.com/thenotcoin?lang=en" target="_blank" rel="noopener noreferrer nofollow">team</a> burned a whopping 210 million NOT tokens, valued at $3 million, resulting in a remarkable 16.40% price surge to $0.0164 per token.</p>
<p>Token burning involves permanently removing a certain number of tokens from circulation. This is achieved by sending the tokens to a special address, commonly known as a ‘burn’ or ‘eater’ address.</p>
<p>In addition to the <a href="https://www.fool.com/terms/c/coin-burn/" rel="noopener noreferrer nofollow">token </a><a href="https://www.fool.com/terms/c/coin-burn/" target="_blank" rel="noopener noreferrer nofollow">burn</a>, Notcoin is actively engaging its community through Notcoin’s Explore initiative. The project is distributing $4.2 million worth of NOT tokens to its most active users.&nbsp;</p>
<p>By incentivizing participation and rewarding users for completing tasks within the <a href="https://cryptonewsland.com/not-gram-ston-dfc-up-top-5-game-changers-in-the-ton-ecosystem/" target="_blank" rel="noopener noreferrer nofollow">Notcoin</a><a href="https://cryptonewsland.com/not-gram-ston-dfc-up-top-5-game-changers-in-the-ton-ecosystem/" rel="noopener noreferrer nofollow"> ecosystem</a>, the initiative ensures a steady demand for NOT tokens. Such community-oriented efforts come in handy for sustained interest and growth in the token.</p>
<h2 class="wp-block-heading" id="h-technical-analysis-and-price-prospects">Technical Analysis and Price Prospects</h2>
<p><a href="https://cryptonewsland.com/notcoin-forecasts-100-price-rally-with-token-burn-and-user-drive/" rel="noopener noreferrer nofollow">Notcoin’s price </a><a href="https://cryptonewsland.com/notcoin-forecasts-100-price-rally-with-token-burn-and-user-drive/" target="_blank" rel="noopener noreferrer nofollow">movement</a> has formed a falling wedge pattern, typically considered a bullish signal in technical chart analysis. If this pattern holds, we could see Notcoin’s price soar by 45-100% in the coming weeks, targeting a range between $0.023 and $0.031.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24NOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$NOT</a> {Update}<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;">A bullish wedge pattern, which can indicate a breakout, has been identified.<br>Bullish Scenario:<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;">If the price breaks out above the wedge's resistance line (upper trendline) with good volume, a significant price increase could be expected.<a href="https://twitter.com/breakout_expert?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BreakOut_Expert</a> <a href="https://t.co/0prG6qSK7x" rel="noopener noreferrer nofollow">pic.twitter.com/0prG6qSK7x</a></p>— CryptoBreakout_trade (@breakout_expert) <a href="https://twitter.com/breakout_expert/status/1806269052857561591?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Notcoin’s strategic moves, from token burns to user incentives, demonstrate a dynamic approach to fostering growth and stability in its market cap. Beyond short-term gains, the project is laying the groundwork for long-term viability in the competitive crypto space.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/revolutionizing-the-game-notcoin-not-rockets-370-to-join-top-50-cryptos-dont-miss-out/" rel="noopener noreferrer nofollow">Revolutionizing the Game: Notcoin (NOT) Rockets 370% to Join Top 50 Cryptos- Don’t Miss Out</a></li>
 <li><a href="https://cryptonewsland.com/ton-blockchain-hosts-notcoin-launch-over-80-billion-tokens-airdropped/" rel="noopener noreferrer nofollow">TON Blockchain Hosts Notcoin Launch, Over 80 Billion Tokens Airdropped</a></li>
 <li><a href="https://cryptonewsland.com/notcoin-surges-over-230-reaching-all-time-high-whats-next/" rel="noopener noreferrer nofollow">Notcoin Surges Over 230%, Reaching All-Time High: What’s Next?</a></li>
 <li><a href="https://cryptonewsland.com/viral-game-notcoins-creators-hint-at-real-on-chain-token-on-ton/" rel="noopener noreferrer nofollow">Viral Game Notcoin’s Creators Hint at Real On-Chain Token on TON</a></li>
 <li><a href="https://cryptonewsland.com/notcoin-forecasts-100-price-rally-with-token-burn-and-user-drive/" rel="noopener noreferrer nofollow">Notcoin Forecasts 100% Price Rally with Token Burn and User Drive</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/not-fuels-positive-market-shift-as-notcoin-burns-210-million-tokens-new-ath-soon/" rel="noopener noreferrer nofollow">NOT Fuels Positive Market Shift as Notcoin Burns 210 Million Tokens, New ATH Soon?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

NOT Fuels Positive Market Shift as Notcoin Burns 210 Million Tokens, New ATH Soon?

Table of Contents

Crypto News Land

Autres articles publiés le 28 juin 2024

Bitcoin Adaption News: BlackRock’s Global Allocation Fund Reveals Ownership of 43,000 iShares BTC...

Investor shares story of falling victim to $100K crypto hack

Which Presale Crypto to Buy? Top Crypto Presales For Explosive Returns In 2024

Bitcoin Analyst Foresees Major Rise

MoonBag Meme Coin Supremacy: Why Traders Prefer it Over Hedera and Slothana Coin

Ethereum Price Hints at Upside: Analyzing The Bullish Signals

Join our free newsletter for daily crypto updates!