Over the past 24 hours, the price of the cryptocurrency of the gaming Web3 project Notcoin (NOT) has soared by more than 40%. The asset has become one of the most traded on the market. However, NOT trading volume has more than quadrupled over the past 24 hours. Let’s figure out what contributed to such a significant growth of the Notcoin token.
Market dynamics of NOT
According to CoinGecko , at the time of writing, NOT is trading at $0.007918, having risen in price by 39.8% over the last day. The cumulative increase for the week was 40.6%.
The market value of the asset is now estimated at $813 million. Daily trading volume soared by 433% to $1.07. Notcoin is ranked 15th in the ranking of the most traded assets over the past 24 hours.
Notcoin Growth Drivers
One of the main factors behind the positive dynamics of NOT was a large airdrop, which was announced by the OKX cryptocurrency exchange on May 27. As part of the distribution, a total of 5 thousand Toncoin (TON) and 200 million NOT will be distributed among users.
To participate in the giveaway you must complete a number of tasks. For example, make a deposit of 100 Tether (USDT) in any cryptocurrency or trade pairs with Notcoin for an amount of 100 thousand USDT. The more tasks completed, the more rewards the participant will receive. The promotion will last exactly one month – until June 27.
In addition, the mention of the game project by Andrey Grachev, founder of the venture capital firm DWF Labs, had a positive effect on the NOT price. On X (formerly Twitter), he wrote a phrase that the Notcoin team made something like their motto – “probably nothing.”
The developers NOT responded to Grachev’s tweet with emojis. And users thanked the founder of DWF Labs for the increase in the price of Notcoin.
“That’s very respectful, thank you @ag_dwf @DWFLabs. Keep up the good work, the TON ecosystem is waiting for NOT to continue to move it forward,” wrote a crypto enthusiast under the username BroLeonAus.
The Open Network (TON) team also shared another achievement : in just 30 hours, 1 million new users registered on the network. According to the developers, significant changes in the blockchain occurred with the launch of NOT. Meanwhile, Earlier, representatives of Notcoin announced a competition for 20 million NOT. In addition, a new type of missions for passively earning coins has appeared in the gaming application.
