Telegram-Based Notcoin Bounces Back From Dud Opening Week — Leaves Floki, Bonk, Dogwifhat Trailing In The Dust
Portfolio Pulse from Aniket Verma
Telegram-linked cryptocurrency Notcoin (NOT) surged 50% in the last 24 hours, outperforming other memecoins like Floki, Bonk, and dogwifhat. The rise is attributed to the popularity of a play-to-earn Web3 game on Telegram. Despite a poor start, NOT has seen a significant increase in trading volume and bullish sentiment from analysts.
May 28, 2024 | 3:11 am
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POSITIVE IMPACT
The Open Network (TON), the layer-1 chain for Notcoin, saw over $300 million in deposits. This could positively impact TON's value.
The significant deposits in TON due to NOT's success could positively impact TON's value in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Bonk gained 6.69% but lagged behind Notcoin's impressive 50% rise. The attention on NOT could limit Bonk's short-term growth.
Bonk's performance is positive but less impressive compared to NOT. This may result in a neutral impact as investors focus on NOT.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Floki saw a 10.93% gain but was outperformed by Notcoin's 50% surge. The rise in NOT may draw attention away from Floki in the short term.
Floki's gains are notable but overshadowed by NOT's performance. This could lead to a neutral impact as attention shifts to NOT.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu's trading volume was surpassed by Notcoin, which saw a 3X increase. This could draw investor interest away from SHIB in the short term.
Shiba Inu's trading volume being surpassed by NOT could lead to a neutral impact as investors may shift focus to NOT.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Dogwifhat saw a 6.34% gain but was outpaced by Notcoin's 50% surge. The focus on NOT could affect Dogwifhat's short-term performance.
Dogwifhat's gains are overshadowed by NOT's performance. This could lead to a neutral impact as attention shifts to NOT.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50