Notcoin (NOT) Spike 50% Marking Biggest Gains After Airdrop
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Notcoin (NOT) has experienced a significant price surge, with open interest reaching over $100 million and short liquidations exceeding $4.4 million. This surge coincides with the increasing popularity of Notcoin (NOT), a play-to-earn Web3 game hosted on Telegram, which allows users to convert their in-game currency to NOT tokens. The coin experienced a notable rebound following its airdrop, which initially failed to deliver immediate gains for holders.
Crypto analyst forecasted bullish sentiment for NOT in the mid-term, with dips being for buying. Notcoin's social sentiment experienced a surge after the airdrop, and its recent price surge has thrust it back into the spotlight. The project's team recently drew comparisons between Notcoin (NOT) and Bitcoin, marking this milestone with the announcement of NOT Airdrop Phase 1. A recent Twitter poll overwhelmingly favored Notcoin over Bitcoin, garnering 13.8% of the votes.
In the last 24 hours, Open Interest surged from $44 million to $101 million, coinciding with a price increase of over 40% within the same timeframe. This surge indicates strong bullish sentiment in the Futures market, with traders demonstrating a willingness to take long positions. The recent uptick in prices also led to a flurry of short liquidations, with more than $4.4 million in short liquidations happening in the last 24 hours.
The market is showing bullish sentiment towards Notcoin (NOT), driven by the introduction of an innovative feature called "earning missions," which enables users to passively earn NOT tokens by engaging with partner projects and communities. Additionally, users can boost their rewards by staking NOT, with higher tiers offering substantial returns, significantly increasing the project's appeal to both new and existing investors.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.