The post Notcoin Celebrates 1st Anniversary: What Next for NOT Price? appeared first on Coinpedia Fintech News
The Notcoin project has grown to a viral memecoin on the TON network backed by the vast Telegram community.
NOT price has already invalidated macro bearish sentiment following the recent altcoin surge.
The Notcoin (NOT) project has emerged as a top-tier memecoin in the Toncoin (TON) ecosystem in the past year. On Friday, May 16, the Notcoin community celebrated its first anniversary full of significant milestones led by on-chain holders and rewards distribution to the wider community.
In the past year, the Notcoin meme was listed by top-tier cryptocurrency exchanges led by Binance, ByBit, and OKX among many others. As a result, NOT token has managed to achieve more than 2.8 million on-chain holders, in addition to over $1 billion in DEX trading volume.
Moreover, the Notcoin team distributed more than $220 million to the community after the Tap-to-Earn program on Telegram messenger. As of this writing, Notcoin’s telegram account had more than 14.5 million members.
What Next for Notcoin Price?
The small-cap memecoin, with a fully diluted valuation of about $286 million and a 24-hour average trading volume of around $50 million, surged over 14 percent in the past two weeks to trade about $0.0028 at the time of this writing.
In the four hour timeframe, NOT price has been trapped in a correction phase in the past week after hiring a local high of about $0.0035 eager this week. However, NOT price is currently retesting a breakout from an inverse head and shoulders pattern, which could form the basis for a fresh rally towards its all-time high.
The short-term bullish sentiment for NOT price will be invalidated if the memecoin breaches the support level above $0.0028 and consistently closes below the right shoulder in the coming days.