Notcoin (NOT) has seen a dramatic increase, rising over 58% in the last 24 hours to reach $0.009165. This surge has pushed Notcoin‘s market cap to over $941 million, marking a 55.72% increase and placing it at number 94 in the cryptocurrency market cap rankings, according to CoinMarketCap.
Community Backing Drives Price Spike
The recent price spike followed a favorable community vote where Notcoin was overwhelmingly preferred over Bitcoin. In a social media poll, Notcoin received 86.2% of the 29,711 votes. The project team highlighted Notcoin’s benefits over Bitcoin on the platform X, emphasizing its limited supply and wide distribution while still being relatively inexpensive compared to Bitcoin.
They noted that the last time Bitcoin had a market cap of approximately $0.5 billion was in 2013, when its price was around $100.
Launch of NOT Airdrop Phase 1
On May 26, Notcoin announced the launch of the NOT Airdrop Phase 1. To participate in the airdrop, users need to connect their wallets to see their allocation.
New Earning Missions
Notcoin has introduced a new mission type that allows players to earn crypto token rewards passively. These “earning missions” differ from previous tasks, as players can now earn NOT tokens passively rather than receiving a one-time reward.
According to Notcoin’s tutorial, these missions guide players through various communities belonging to “partner projects,” rewarding them with tokens for learning about other crypto games and apps. The NOT earnings are based on the player’s in-game level, with higher levels offering larger pools of potential rewards. Users can increase their level by staking Notcoin, and the amount staked at the end of each month determines their ranking. The highest level, Platinum, provides the most NOT tokens as rewards.
Notcoin’s Beginnings and Ecosystem
Notcoin‘s journey began in early 2024 with a social clicker game where players tapped a virtual golden coin to earn in-game Notcoin currency. The NOT token is central to the Notcoin ecosystem, designed to be a community-driven coin that empowers users to engage with the project in various ways.
Users can explore and discover new web3 products and services while earning NOT tokens. Additionally, they can engage with new games on the Notcoin platform and receive rewards in NOT.
Significant Donation to Telegram
Recently, Notcoin donated over 1 billion NOT tokens (worth $6.8 million) to Telegram and its founder, Pavel Durov. This move underscores Notcoin‘s commitment to fostering community engagement and growth within the cryptocurrency space.
Summary Review: Notcoin’s recent surge, driven by strong community support, highlights its growing influence in the cryptocurrency market. The significant price increase and rise in market cap are testaments to the project’s appeal and strategic initiatives, such as the launch of the NOT Airdrop Phase 1 and innovative earning missions. By fostering engagement through new web3 products and partnerships, Notcoin is positioning itself as a dynamic and community-driven digital asset. The notable donation to Telegram further emphasizes its commitment to expanding its ecosystem and enhancing user experience. As Notcoin continues to gain traction, its unique approach and active community participation could solidify its standing in the rapidly evolving crypto landscape.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
