The $NOT meme coin powering the immensely popular new Telegram-based tap-to-earn game Notcoin has dipped 6% in the last hour in a possible hint that its nearly three-week long rally may be losing momentum.
For anyone that bought Notcoin ($NOT) any time between its launch on May 16 through to yesterday, the token has been immensely rewarding. In the last 24 hours alone it has grown 13%.
That’s a sizeable increase, but it’s nothing on the three-digit percentage gains posted week-on-week. Notcoin is 172% pricier than it was this time last week and a staggering 348% more valuable than its price exactly a fortnight ago.
Notcoin’s sudden downturn appears to exaggerate that of market leaders Bitcoin ($BTC) and Ethereum ($ETH), which both fell 0.5% in the last hour.
$NOT’s stratospheric launch was compounded by a recent announcement that players have until June 16 to claim their tokens. Claiming is done by withdrawing tokens from the app to a wallet.
Notcoin players will also soon be able to access the game’s ‘Levels’ and ‘Explore’ features.
Notcoin ($NOT) Remains Bullish
The token’s 24 hour trading volume remains high at $2.265 billion, which is almost as large as its market cap of $2.535 billion—a figure that makes it already the 53rd largest cryptocurrency in circulation.
Over on the chart, NOT’s performance today confirms Sunday’s indications that the token may have found its first stubborn resistance level at $0.025, as indicated by the vertical red line.
Source: TradingViewA falling relative strength index (RSI) of 55 indicates a slight sell-off today, beginning at 7AM UTC. This will help consolidate NOT’s recent gains as it braces for potential further rallies ahead of the claim date.
The token’s current price is about $0.024 is slightly higher than its 30-day moving average, which is indicated by the blue line. Taken alongside the healthy RSI, this indicates a well-performing asset.
Notcoin’s $NOT Is Part Of A Growing List of Non-ERC20 Meme Coins
Notcoin’s meme coin dimension is simultaneously both subtle and bleedingly obvious. While the token doesn’t have a comic avatar, the name is a tongue-in-cheek joke at naysayers who claim $NOT is not a cryptocurrency, despite its obvious popularity, tradability and fundamentals.
It is the biggest meme coin on TON, a blockchain not typically known for meme coin launches, but one which, like Solana, is cultivating a thriving community of app developers to compete with Ethereum for commerce.
In fact, nobody can say with certainty that Ethereum will still be leading the meme coin scene by 2025.
Recent Solana projects like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT) all rose to become top ten meme coins within a year of launch.
Another Solana meme coin pitched at stoners – Slothana ($SLOTH) – raised an eye-watering $15 million in a recent one-month crypto presale.
But now there’s a hilarious and patriotic new mammal meme on the block.
Enter Sealana
Solana’s Sealana ($SEAL) is a spin on South Park’s viral Gamer Guy, aka Fat Computer Nerd. The all-American hillbilly seal has already raised over $3 million over the last month in a hilarious new presale.
Gamer Guy first appeared in South Park’s World of Warcraft episode and, thanks to his milk-bottle glasses, screen-locked stare, messy room and gravity-defying girth, he has since become a symbol of excessive screen use, from keyboard warriors to couch (or desk) potatoes.
If someone over takes you and flips you off!Don’t pull your gun on them, just give them an Emotional Support $SEAL Beer! Never let anything distract you from your goal of Massive Gains, Lambos, and Freedom!
Cheers to big wins and livin’ the #Sealana dream! … pic.twitter.com/eww6YolDkk
— Sealana (@Sealana_Token) June 3, 2024
If a Solana meme coin gold rush begin, Sealana could finally be leaving mom’s basement like a true patriot gone lookin’ for the ‘Merican dream.
Follow the latest developments on Sealana’s X account.
Buy Sealana at the official website here.
The post Is Notcoin About to Crash? NOT Price Falls 6% From Peak as Buzz Grows for Another Meme Coin Listing appeared first on Cryptonews.
