Notcoin (NOT) is generating buzz in the market with notable gains today. As of this writing, the token has increased 8.72% to $0.01571. Notably, this notable price increase comes amid ongoing consolidation in the broader cryptocurrency market.
Furthermore, Notcoin’s 24-hour trading volume skyrocketed by 66.21% to $559.3 million. This increasing trading activity indicates bullish investor sentiment regarding the coin. But the most important thing is that NOT price has performed well in recent weeks.
In fact, the coin is up 212.19% in the last 30 days. This huge price jump shows how Notcoin outperformed other major cryptocurrencies in the market during this period. Surprisingly, today’s surge suggests that NOT is not slowing down and may be maintaining its upward momentum.
Important development for Notcoin
Notcoin, a play-to-earn token on TONNE (The Open Network), has seen great developments in the recent past as well. Today’s Notcoin price surge comes on the heels of a major update from the team behind the coin.
On June 25, the Notcoin team announced a massive burn event for the coin, as $3 million worth of NOT was sent to dead wallets. This burn event was a strategic development as the team aims to optimize NOT’s tokenomics along with the overall ecosystem.
In the same announcement, the Notcoin team revealed that it is starting an incentive program for its users. It was announced that approximately $4.2 million will be given as an incentive to Gold and Platinum users of Notcoin Explore.
In light of these events, traders appear to be very optimistic about NOT’s prospects. The latest price increase, along with the trading volume, shows that the community supports the coin. NOT price is likely to benefit from this and sustain its rally.
