What’s Up With Notcoin? $NOT Price Surges 18% While Mysterious Token Suddenly Raises $1 Million
$NOT, the token underpinning crypto’s viral new Telegram-based social clicker game Notcoin, has surged 18% overnight and about 109% since this time a fortnight ago.
The Notcoin token currently changes hands at $0.01858.
It has been rallying steadily since it launched three weeks ago, with the exception of a brief wobble last week.
But what is Notcoin and how do you obtain it?
Anyone can access the Telegram-based game through the app. Simply open the Notcoin bot, invite friends, and start tapping on the gold coin in the interface to begin earning $NOT.
Tap allowances are limited and refill slowly over time. However, players can earn more taps by questing and performing community actions.
The tap-to-earn game and its token run on The Open Network (TON), a blockchain that was previously part of Telegram when it launched in 2018, but which has since spun out in 2020 after the SEC charged Telegram with violating federal securities laws by selling it. The two remain strongly affiliated, however.
In contrast to Notcoin, the market leaders have underperformed. Bitcoin ($BTC) only added 3.8% in the last 24 hours and 2.4% in the fortnight. Meanwhile, Ethereum’s ($ETH) grew 2.8% in the last 24 hours and actually shed 4.6% in the last week.
Partly fuelling $NOT’s growth is a recent announcement that players have until June 16 to claim their tokens.
Claiming is done by withdrawing tokens from the app to a wallet.
Notcoin players will also soon be able to access the game’s ‘Levels’ and ‘Explore’ features.
Initially priced at $0.00748639, the $NOT token experienced a significant dip to an all-time low of $0.004611 just eight days post-launch, on May 24.
However, it quickly rebounded, reaching an all-time high (ATH) of $0.02836 on June 2, although
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