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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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$NOT, the token underpinning crypto’s viral new Telegram-based game Notcoin, is down 33% over the last month to trade at $0.007763 as of this writing.
This signals a reversal in fortunes for the token, which last month gave holders hope for a major potential rally after the launch of another Telegram game called Lost Dogs: The Way spiked the price of Notcoin by 50% in seven days.
The game is a collaboration between between Notcoin and fellow The Open Network (TON) developers, gaming team Lost Dogs Co and NFT trading platform Getgems.
However, Notcoin’s native $NOT token is now struggling to keep pace with the market leaders. In the last 30 days, market leader Bitcoin ($BTC) only shed 4.4% to trade at $56,775.
Its number one contender, Ethereum ($ETH) posted markedly heavier 30-day losses of 13%, while the Toncoin underpinning Notcoin’s home chain The Open Network dropped 19% over the same period.
$NOT is still in freefall. In the last 24 hours, the token shed 5.2%, while the two top cryptocurrencies only dropped by about 1%.
Notcoin: Earning Crypto on Telegram
Notcoin is a Telegram-based game that users can access through the app. Simply open the Notcoin bot, invite friends, and tap the gold coin in the interface to begin earning $NOT.
Tap allowances are finite and refill slowly over time. However, players can earn more taps by questing and performing community actions.
The game and its token run on The Open Network (represented by the native utility token $TON), a blockchain that spun out from Telegram in 2020 after the SEC charged the company with violating federal securities laws by selling it.
The two remain strongly affiliated.
Notcoin’s $NOT Struggles to Rally
Through most of the summer, Notcoin’s $NOT token has traded in very narrow straits of $0.007 and $0.018, as indicated by the respective support (green) and resistance (red) lines on the chart below.
Notcoin is now trading at its support level, which is slightly below its 30-day moving average, a sign of the relative speed of the recent sell-off.
Its relative strength index (RSI) is 29, which suggests that the asset is now oversold, so some overnight buying momentum may add green candles to the token going into the weekend, but Notcoin looks unlikely to test the $0.018 resistance level anytime soon.
From Notcoin To Memebet Casino: Telegram Goes Web3
Notcoin’s tap-to-earn premise quickly became a hit and inspired several high-profile imitators, including Hamster Kombat, a game which recently clocked in 150 million users.
Beyond video games there are many diverse crypto applications arriving on Telegram with every passing month.
With online gambling primed to explode from a $100 billion industry in 2024 to $130 billion within the next five years, some of the hottest Web3 properties on Telegram are crypto casinos like Mega Dice and TG.Casino.
However, one platform still only in presale offers something investors won’t find anywhere else.
Memebet ($MEMEBET) is the world’s first meme coin casino.
It’s still only in presale so $MEMEBET tokens are selling for the rock-bottom fixed price of $0.025.
The ensuing airdrop will reward early holders with exclusive access and benefits, including early access to new features and games within the platform.
When it arrives, $Memebet will challenge Notcoin’s $NOT as the biggest Telegram token.
To qualify, users simply need to purchase tokens during the presale using ETH, USDT, BNB, or POLY, or credit/debit card, and wager with them in the casino once it launches, before the presale concludes.
Memebet Casino has also undergone a full audit by Coinsult.
Join Memebet Token on X and Telegram to stay updated about the project.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
