Telegram-Linked Notcoin Pips Solana, Dogecoin In Volumes To Become Fourth-Most Traded Crypto
Portfolio Pulse from Aniket Verma
Notcoin (NOT) and Toncoin (TON), cryptocurrencies linked to Telegram, saw significant gains with NOT becoming the fourth-most traded crypto. NOT's trading volume spiked 141% to $4.43 billion, surpassing Solana (SOL) and Dogecoin (DOGE). The surge is attributed to the success of a Telegram-based game and the growth of the TON ecosystem.
June 03, 2024 | 7:51 am
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NEGATIVE IMPACT
Dogecoin (DOGE) was surpassed by Notcoin (NOT) in trading volume, indicating a shift in trader interest.
The shift in trading volume from Dogecoin to Notcoin suggests a potential decrease in interest and trading activity for DOGE in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Solana (SOL) was surpassed by Notcoin (NOT) in trading volume, indicating a shift in trader interest.
The shift in trading volume from Solana to Notcoin suggests a potential decrease in interest and trading activity for SOL in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Binance saw a significant increase in trading volume for Notcoin (NOT), contributing to more than half of the $4.43 billion traded.
The significant trading volume of Notcoin on Binance indicates increased activity and interest on the platform, likely boosting Binance's revenue and user engagement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Toncoin (TON) saw impressive gains, reflecting the growth of the TON ecosystem and the success of Telegram-based games.
The growth of the TON ecosystem and the success of Telegram-based games are likely to drive further interest and investment in Toncoin.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70