Notcoin is one of the GameFi space’s biggest success stories, what started as a simple clicker game where users could gain token rewards became one of the biggest projects on the TON blockchain.
With Notcoin switching from a P2E model to an innovative explore-to-earn model rewarding users for trying out different projects, can it push on and hit new heights by reaching the $0.1 mark? Let’s take a look at its prospects.
Notcoin Begins To Recover As Trading Volume Surges
Notcoin grew 4.37% over the last 24 hours up to a price of $0.00801. This caused a massive spike in daily trading volume, up 40.91% to $95,208,198.
Looking at longer timeframes, Notcoin has been on a steady downward trajectory since August 25th. The token is down 4.38% over the week, and a massive 34.28%, making it one of the biggest losers among established coins.
The combination of switching to an explore-to-earn model and the current market crash led to a decline in investor interest, with many fearful of the project’s future. However, not everything is so bleak, as the token’s staying power is starting to show investors that the GameFi model wasn’t all that was propping up NOT.
Currently, Notcoin is trading on the upper boundary of its falling wedge. Derivatives show more long contracts are beginning to open up, as NOT’s Relative Strength Index (RSI) grows, experts see long-term recovery prospects.
The current upward motion was predicted by X (Twitter) user and crypto analyst CryptoBullet, who saw the decline as a long price-correction.
If he continues being correct, we could see NOT go up to $0.04-$0.05 by the end of 2024 or in early 2025. However, without a massive bullish push, it’s unlikely the token will grow past $0.1 in 2024.
Notcoin Rises With DOGS As $3.3 Million Distributed To NOT Holders
Notcoin’s future success will be made in tandem with the projects it promotes. The explore-to-earn model encourages users to look at other TON projects and correlates Notcoin’s growth to that of the TON blockchain.
With the recent release of Pavel Durov, Telegram’s founder, the TON blockchain as a whole is likely to benefit, propping up NOT in turn.
One of TON’s biggest recent successes has been DOGS. DOGS is a Telegram-native meme coin distributed according to users’ Telegram activity. The longer your account has been active on the platform, the more tokens you get.
On August 31st, 2,75 billion DOGS worth $3.3 million was given to Notcoin holders specifically.
While DOGS’ performance has been affected by launching amidst the market crash, the development team has been working hard to establish a strong community, amassing 3.7 million followers on X (Twitter).
With Notcoin and DOGS showing how much Telegram integration can help a token’s valuation, Mega Dice – a leading Telegram crypto casino – is launching its native token.
Is This the Next Big GameFi Token? Mega Dice ICO Raises $1.7M, Will List Later This Month
Mega Dice (DICE) is the native token of the Telegram casino of the same name, launched in 2023.
The token will launch on DEXs this month, when the ICO ends. With over 50,000 players, and more than $50 million wagered each month, Mega Dice is one of the biggest crypto casinos out there.
The benefits of DICE start with offering exclusive access, rewards, and cashback for holders who use it in one of the casino’s games. However, not all of the benefits are tied to gambling, giving investors a reason to hold onto the token.
The ICO features a 25% revenue share for every referred user. On top of this, DICE holders will be eligible for rewards tied to the casino’s performance. This makes holding the token similar to becoming a shareholder at the casino.
The token has received a lot of expert attention in the presale. The ICO has been covered by the likes of 99Bitcoins, Crypto Wire, Crypto June, and Crypto Costa among others. Today, Crypto World Daily released a video sharing bullish prospects, seeing large potential in the token and the Mega Dice casino behind it.
With limited time left in the presale and a price increase imminent, it’s the last chance for investors to get in on DICE at the lowest possible price.