Notcoin Surges 11%, Poised to Overtake VET, MKR, and OP in Market Cap

Notcoin Surges 11%, Poised to Overtake VET, MKR, and OP in Market Cap

Notcoin (NOT) has experienced a remarkable 11% surge over the past 24 hours, pushing its price above $0.021 and marking a two-week high for the Telegram-based game token. This rally is driven by fresh momentum from the associated Toncoin (TON), which hit a new all-time high on Friday, ensuring profitability for 100% of its addresses.

Market Position and Potential Flips

Following this surge, Notcoin’s market capitalization has reached $1.9 billion, positioning it as the 49th largest cryptocurrency by market cap. This rise comes as VeChain (VET), Maker (MKR), and Optimism (OP) have all faced declines of 6%, 2%, and 7%, respectively, in the same period. With the market caps of VET, MKR, and OP hovering just above $2 billion, Notcoin shows potential to surpass these coins if the current bullish trend continues.

Notcoin’s 24-hour trading volume stands at $1.2 billion, trailing only behind major cryptocurrencies like Bitcoin, Ethereum, BNB, Solana, and stablecoins USDT, USDC, and FDUSD.

Recent Performance and Tap2Earn Trend

Notcoin reached an all-time high of $0.028 on June 2 before retreating to $0.019 due to broader market pressures. The latest price uptick aligns with a growing interest in the “Tap2Earn” trend, with Notcoin being a significant player in this space. Other popular Tap2Earn tokens include Hamster Kombat and Yescoin.

Leveraging Telegram’s Ecosystem

The primary driver behind Notcoin’s growth is its integration within the Telegram ecosystem. The Open Network (TON) has seen substantial growth over recent months, reflecting positively on Notcoin. Telegram’s vast user base of 900 million and increasing crypto support are key factors fueling this interest. Metrics such as daily active addresses for TON have seen a sharp rise in the past three months, a trend likely to benefit Notcoin as it aims for broader adoption beyond the Tap2Earn model.

As Notcoin continues to capitalize on its first-mover advantage within Telegram and the broader cryptocurrency market, it remains well-positioned for further gains and potential market cap milestones.

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