Notcoin price has plummeted by 55% in the past 24 hours, with the coin trading at $0.006424 as of 05:54 am EST.
Despite the NOT price crash, the token achieved $294 million in trading volume in its first hour of trading and reached $1.3 billion in the past 24 hours.
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May 17, 2024
NOT is a viral gaming token with over 35 million users on Telegram. After listing, the token’s market cap quickly crossed the $1 billion threshold, but quickly fell back after the token was issued on The Open Network (TON) blockchain.
This is because token holders took profits after the token was listed on multiple top exchanges, including Binance. Considering that NOT tokens were mainly distributed through airdrops to players who earned NOT in the game, the sell-off was attributed to their quick liquidation.
This post-listing crash is typical for cryptocurrency tokens with this type of distribution.
Notcoin Price Prediction
Amid the ongoing sell-off, Notcoin price has shown a bearish bias on the five-minute timeframe. The relative strength index (RSI) remains subdued, showing that bulls are on the sidelines.
The Moving Average Convergence/Divergence (MACD) indicator also remains in negative territory, showing that bearish sentiment is predominant in the market.
Therefore, it is likely that Notcoin price will drop to a bottom of $0.005676 before it could see a recovery.
GeckoTerminal: NOT/USD 15-minute chart
On the other hand, a closer look reveals that the coin is consolidating inside a falling wedge pattern. This is a bullish reversal technical formation that can push Notcoin prices higher upon a breakout.
Traders who want to initiate long positions on NOT should probably wait for the Notcoin price to break out of the upper boundary of the pattern. A breakout could be confirmed by turning the $0.007000 psychological level into support.
The profit target of the falling wedge is to add the maximum distance between the upper and lower trendlines to the breakout point. This could lead Notcoin price to rise by 50% to the $0.010427 threshold.
Meanwhile, the pre-sale project Mega Dice (DICE) performed well by raising over $1 million in a short period of time.
Michael Wrubel, a popular YouTuber with 312,000 subscribers, said the token had all the qualities he looked for in a good presale project.
Promising Alternatives to Notcoin
DICE is the token of the Mega Dice project, a well-known casino business with over 50,000 users. It has 10,000 active players and the total amount of bets exceeds $50 million per month.
The project is the first GambleFi project on the Solana blockchain and is committed to challenging casino industry giant Rollbit Coin. It also hopes to emulate previous pre-sale projects such as TG.Casino, which increased 4 times when it was listed.
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May 14, 2024
Mega Dice also offers various rewards to investors and players, including daily rewards based on casino performance, and an airdrop reward totaling $2.25 million, divided into three quarters.
You can also earn passive income through the platform’s staking option, where 10%’s $DICE totaling 420 million tokens are allocated as staking rewards.
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Also read:
Michael Wrubel on Mega Dice Crypto Token Presale - Why He's Bullish on GameFi Token
Mega Dice Presale Has Attracted Over $500K in Investments - Top GameFi Crypto Token on Solana?
Solana's Hottest New GambleFi Presale Mega Dice Surpasses $500,000 in First Week
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