Notcoin Drops 33%: Why Analysts Are Piling Into This $0.02 Coin Instead
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$NOT, the token underpinning crypto’s viral new Telegram-based game Notcoin, is down 33% over the last month to trade at $0.007763 as of this writing.
This signals a reversal in fortunes for the token, which last month gave holders hope for a major potential rally after the launch of another Telegram game called Lost Dogs: The Way spiked the price of Notcoin by 50% in seven days.
The game is a collaboration between between Notcoin and fellow The Open Network (TON) developers, gaming team Lost Dogs Co and NFT trading platform Getgems.
However, Notcoin’s native $NOT token is now struggling to keep pace with the market leaders. In the last 30 days, market leader Bitcoin ($BTC) only shed 4.4% to trade at $56,775.
Its number one contender, Ethereum ($ETH) posted markedly heavier 30-day losses of 13%, while the Toncoin underpinning Notcoin’s home chain The Open Network dropped 19% over the same period.
$NOT is still in freefall. In the last 24 hours, the token shed 5.2%, while the two top cryptocurrencies only dropped by about 1%.
Notcoin is a Telegram-based game that users can access through the app. Simply open the Notcoin bot, invite friends, and tap the gold coin in the interface to begin earning $NOT.
Tap allowances are finite and refill slowly over time. However, players can earn more taps by questing and performing community actions.
The game and its token run on The Open Network (represented by the native utility token $TON), a blockchain that spun out from Telegram in 2020 after the SEC charged the company with violating federal securities laws by selling it.
The two remain strongly affiliated.
Through most of the summer,
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