The post Notcoin Skyrockets 87% in Days! Is This Just the Beginning? appeared first on Coinpedia Fintech News
Notcoin started the week with green candles. The weekend was very eventful for Notcoin. From Friday to Sunday, this token saw an 87.81% rise. The price jumped from $0.00912 to $0.1699. However, at this price, it faced resistance and dropped 20%. The 100 exponential moving average helped prevent further decline. Currently, Notcoin is trading at $0.01605 and is again in the resistance zone. The 20 EMA is currently supporting its price.
Project Support by Notcoin
Notcoin’s price is performing well, and the project is also working for the community. On July 5th, their official Twitter handle shared that over 200 projects have already launched on Notcoin. These launches saw participation from 22.5 million users. By using the Play-to-Earn formula, they has built a community of 40 million players. Users will find many Web3 projects on Notcoin and will earn rewards by interacting with them. Recently, the project partnered with Helika Gaming to launch the Telegram Gaming Accelerator.
Change in Trading
In the past 24 hours, Notcoin’s trading volume dropped by 55%, and its market cap is currently $496 million. There is a negative sentiment in the entire crypto market. Even the largest crypto, Bitcoin, recorded a 30% fall in the last 24 hours of trading. On June 2nd, Notcoin recorded its highest price of $0.0292. Currently, Notcoin is down 45% from its ATH.
Even though MACD is showing a possible upcoming price drop, experts are not worried about it. According to them, this is just because of the bearish market sentiment.
According to experts, Notcoin is not heavily affected by the bearish market sentiment. Due to the project’s developments and community support, this token is performing stably. This is just the beginning of its rise. Just as it rose 500% at the end of May, it still has many jumps to make.