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Notcoin (NOT) Price Surges 20%; Can TON-Based Coin Turn Things Around?

NOT COIN Notcoin
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On Friday, June 14, Notcoin (NOT) saw a significant rally of nearly 20%, outperforming other meme coins despite declines in Bitcoin (BTC) and Ethereum (ETH) prices.

This surge marked Notcoin’s strongest performance in recent weeks, reflecting positive momentum and potential growth in the cryptocurrency market.


Notcoin (NOT) Surges on Exchange Listings and Trading Volume Growth

Notcoin (NOT) experienced a notable price surge of nearly 20% on Friday, June 14, driven partly by significant developments in its trading availability. Coinbase recently announced plans to introduce Notcoin perpetual futures on its platforms, Coinbase International Exchange and Coinbase Advanced, starting after June 20. This news contributed to boosting investor confidence and driving up Notcoin’s price.

Additionally, Binance’s decision to expand trading options for NOT, which it listed officially in May 2024, further fueled the token’s gains.

NOT_7D_graph_coinmarketcap

Despite a subsequent 4% correction after the initial spike, Notcoin (NOT) continues to trade actively at $0.019 at the time of writing. Notcoin is primarily known as a gaming token, boasting a user base of over 35 million. Since February, the token has seen remarkable growth, surging by an impressive 400% in May alone. In the past week, NOT also witnessed a substantial 67% increase in daily trading volume, surpassing even Shiba Inu, with trading volumes reaching $926.27 million.

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Currently, Notcoin (NOT) holds a market capitalization of $19 billion, reflecting its growing prominence and investor interest in the cryptocurrency market.

Notcoin (NOT) and TON Token Show Strong Performance Amid Market Trends

Notcoin (NOT) and TON Token have both shown impressive performance recently, reflecting positive trends in the cryptocurrency market.

Notcoin (NOT) followed a trajectory similar to TON’s recent surge. On Friday, June 14, Notcoin’s price surged nearly 20%, marking a significant uptick in its performance amid challenges faced by major cryptocurrencies like Bitcoin and Ethereum. This rally was partly driven by Coinbase’s announcement to introduce Notcoin perpetual futures on its platforms, scheduled to commence after June 20. Furthermore, Binance’s expansion of trading options for NOT, following its official listing in May 2024, also contributed to the token’s upward momentum.

Meanwhile, TON Token, based on the Telegram network, experienced a brief decline in early June but rebounded strongly later in the month. Over the past week, TON’s price surged from $7.25 to $8.25, buoyed by its extensive user base of 900 million on Telegram. This surge has positioned TON ahead of Ethereum in terms of new addresses created, indicating robust growth potential moving forward.

According to analyst Ali Martinez, TON Token is poised for a significant 40% bullish movement, with a target price set at $11. This optimistic outlook underscores the positive sentiment surrounding both Notcoin (NOT) and TON Token as they navigate the cryptocurrency market landscape.

Courtesy Ali_Source: X


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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