Notcoin Price Falls After Rally – Bull Run Ended or Just a Dip?

This marks a turn around for the token’s fortunes, which this month saw positive price increases that offered holders optimism for a possible significant rally.

$NOT, the token powering crypto’s trending Telegram-based game Notcoin, has dipped by 2.7% in the past 24 hours, currently trading at $0.0114. This recent decline marks a shift in the token’s fortunes, following a series of promising price jumps that had investors anticipating a significant rally. Earlier this month, the launch of Lost Dogs: The Way, a new Telegram game, sparked a 50% price surge in just seven days. This exciting development was a result of a partnership between Notcoin, The Open Network (TON) developers, gaming team Lost Dogs Co, and NFT trading platform Getgems. Furthermore, just two days ago, Notcoin experienced a 13% price jump, climbing from a low of $0.0109 on August 13th to $0.0123 the following day. Despite the recent pullback, Notcoin remains in the spotlight, with investors closely watching its price movements.

• Telegram Introduces Tap-To-Earn Crypto: What’s Notcoin?
• What Drove the Sudden Boom and Bust of the $NOT Token?
• As Notcoin Falls, How Are Traders Responding With Meme Games?

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Telegram Introduces Tap-To-Earn Crypto: What’s Notcoin?

Notcoin is a Telegram-based game accessible through the app. By opening the Notcoin bot, inviting friends, and tapping on the gold coin, users can start earning $NOT tokens. Tap allowances are limited and refill gradually, but players can increase taps by completing quests and engaging in community activities. The game and its token operate on The Open Network ($TON), a blockchain originating from Telegram in 2020 after facing SEC charges for violating securities laws. Despite this, the two entities maintain a strong affiliation, ensuring a seamless experience for Notcoin players. This unique integration of gaming and blockchain technology offers an exciting opportunity to earn while engaging in a fun and interactive community.

What Drove the Sudden Boom and Bust of the $NOT Token?

Throughout the summer, Notcoin has been trading within a tight range between $0.018 and $0.009, as evidenced by the resistance and support lines on the chart. Despite recent positive price movements, the coin is still 60% below its all-time high of $0.02836 reached on June 2nd this year. Notably, most of its recent losses took place prior to last Monday’s crypto market crash, reflecting a gradual decline in investor confidence. Currently, Notcoin’s relative strength index (RSI) stands at 51 and is on the rise, indicating that a downward spiral is unlikely in the NEAR future. Nevertheless, a combination of positive market news and further announcements from the developers could potentially lift the token back into a favourable position.

As Notcoin Falls, How Are Traders Responding With Meme Games?

What’s more, $MGMES is currently priced at a rock-bottom $0.00925 during the presale, but the clock is ticking. In just three days, the price jumps to $0.0093, making today the prime opportunity to snag 10,000 $MGMES for only $92.50. This is a steal considering it’s the lowest price point for the remainder of the presale, which overlaps with the highly-anticipated Paris Olympics and Paralympics. To sweeten the deal, there’s no cap on how many times investors can buy into $MGMES, and no minimum purchase requirement either. This setup not only gives investors the freedom to invest as they please but also multiplies their chances of scoring multiple 25% token bonuses. It’s a win-win situation for those looking to make their mark in the exciting and ever-evolving world of meme coins and cryptocurrencies.

The official project website and whitepaper are urging investors to stake tokens during the presale, as a tidy 562% APY is currently on offer. However, this attractive figure will dwindle as more stakers join, making it crucial for participants to stake early and stake large to reap the maximum benefits. It’s worth noting that staking is exclusively available on the Ethereum network. Despite being in its presale stage, $MGMES has already emerged as a more lucrative token compared to $NOT. As Notcoin experiences a dip, traders are seizing the opportunity to dive into the exciting world of Meme Games, hitting the ground running with this new and promising token.

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