Will Notcoin (NOT) Price Rise? Here's What to Watch
- Notcoin (NOT), a cryptocurrency that first appeared as a viral game on Telegram, has attracted the attention of many investors since its launch in May 2024. With a market cap currently above $800 million and a circulating supply of around 102.7 billion NOT, many are wondering: does the price of Notcoin have the potential to rise in the near future?
- Currently, Notcoin price is at a relatively stable level compared to its initial surge, but market sentiment is showing signs of optimism. Based on historical trends and technical analysis, several indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show mild bullish momentum. For example, if the RSI moves closer to or above 50, it could be a signal that buying pressure is starting to increase. In addition, the overall crypto market trend, especially after the Bitcoin halving which often triggers an increase in altcoins, could provide a breath of fresh air for NOT.
- Another factor supporting the upside potential is the growing Notcoin community. With over 6.6 million members on its Telegram channel by the end of 2024, and projected to reach 10 million by 2025, wider adoption could drive demand. In addition, the development of the TON (Telegram Open Network) ecosystem and potential new partnerships are also catalysts worth watching.
However, it is important to remember that the crypto market is highly volatile. Strong resistance in the range of $0.0108-$0.0122, as seen in some analysis, could hinder the rise if the trading volume is not strong enough. On the other hand, if the price manages to break through this level, some optimistic predictions predict NOT could reach $0.014 or even higher in the next few months.
