- Notcoin (NOT) defies market correction with a 40% surge in the last 24 hours.
- Daily trading volume skyrockets by 450%, surpassing $1 billion.
- “Earn-to-play” Web3 game on Telegram boosts Notcoin’s popularity.
Discover how Notcoin’s recent surge and innovative features are reshaping the crypto landscape.
Notcoin Airdrop Impact and Social Sentiment
Following the much-anticipated airdrop that initially did not provide immediate gains for investors, Notcoin experienced a significant recovery. Crypto trader Zen provided a positive medium-term forecast for NOT, stating, “Long-term prospects depend on market conditions, but it’s likely to remain positive. Dips are buying opportunities.”
Post-airdrop, Notcoin’s social sentiment saw a substantial increase, propelling the project back into the spotlight. The project team announced NOT Airdrop Phase 1, drawing comparisons between Notcoin and Bitcoin. In a recent Twitter poll with 29,711 participants, 86.2% favored Notcoin over Bitcoin, which garnered 13.8% of the votes.
Rising Open Interest in NOT
In the past 24 hours, Notcoin’s Open Interest surged from $44 million to $101 million, with the price increasing by over 40% during the same period. This rise indicates a strong bullish trend in the futures market, with traders showing a willingness to take long positions. The price increase also led to a rise in short position liquidations, further driving prices up. According to Coinalyze, over $4.4 million in short positions were liquidated in the last 24 hours.
Market sentiment towards Notcoin is positive, bolstered by the introduction of “earn tasks,” an innovative feature allowing users to earn NOT tokens passively by interacting with partner projects and communities. Additionally, users can stake NOT tokens to increase their rewards, achieving significant returns at higher tiers. This innovation adds substantial appeal to the project for both new and existing investors.
Conclusion
In summary, Notcoin’s recent surge, driven by its innovative “earn-to-play” game and successful airdrop, has positioned it as a noteworthy player in the crypto market. The rising open interest and positive social sentiment further underscore its potential for future growth. Investors should keep an eye on Notcoin as it continues to evolve and capture market interest.
