The Notcoin ($NOT) token, associated with the popular Telegram-based clicker game, experienced a sharp decline in its price this morning, falling from $0.01619 to $0.01549 in just two hours.
However, at the time of writing, $NOT has rebounded to approximately $0.01617, showing a recovery of about 1.5% in the last hour and around 3% since yesterday lunchtime, outperforming Bitcoin ($BTC) over the same period.
Despite the initial shock, the swift recovery suggests that $NOT is not in particularly poor health, although the volatility may have concerned some investors.
Over the past week, the token has seen a substantial gain, increasing about 33% in value.
This means it’s currently outperforming the Toncoin ($TON) token underlying its native blockchain, The Open Network. $TON fell 1.5% in the last 24 hours and only rose 0.7% in the week. At its currently price of $7.21, it’s down about 6% from a fortnight ago, but up about 6% from 3o days ago.
Notcoin Hits Telegram: How $NOT Started and How It’s Going
Since launching in late May, Notcoin has gone from strength to strength.
Onboarding is easy: simply access the Telegram-based game through the app. Open the Notcoin bot, invite friends, and start tapping on the gold coin in the interface to begin earning $NOT.
Tap allowances are limited and refill slowly over time. However, players can earn more taps by questing and performing community actions.
Yesterday, the project announced it was launching an accelerator to help develop the TON and Telegram ecosystems.
Build on Telegram & TON https://t.co/qKMChyvkX3
— Notcoin Ø (@thenotcoin) July 11, 2024
Since Notcoin is not even three months old, it’s too early to be identifying definite trends. However, the token clearly got off to an explosive start after launching May 16th. It set an all-time high of $0.02836 on June 2, before retreating 44% to its current price.
According to the chart, psychological resistance and support levels may form at $0.02 and $0.01 respectively. A healthy relative strength index (RSI) reading of 52 provides headroom room for potential further gains this week.
Source: TradingViewAs Notcoin Wobbles, Shiba Shootout Gathers The Crowd
If Notcoin’s success on Telegram proves anything, it’s that crypto gaming requires a different approach to conventional gaming. The Web3 gaming sector didn’t truly look poised to cross into the mainstream until the release of Notcoin and the similarly premised Hamster Kombat this year.
Another interactive crypto gaming experience that is brimming with tinderbox potential this year is Shiba Shootout.
Shiba Shootout ($SHIBASHOOT) is a new Wild-West-style meme coin project that blasts some much-needed vitality and utility into the well-worn Shiba Inu theme.
Early watchers say the token has what it takes to succeed.
At the heart of the gamification element lies the town of Shiba Gulch, a bustling Web3 settlement where the Shiba Shootout community gathers to undertake challenges, showdowns and meme sharing.
The strong social element combines with a unique multiple opportunities for players to generate rewards. This immersive, engaging and addictive Web3 social experience has 100x potential as the next Dogecoin contender, because quite simply: there’s nothing else like it.
Follow Shiba Shootout for updates on X and Telegram.
Read more and join the presale over on the official website
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