$NOT, the token underpinning crypto’s viral new Telegram-based social clicker game Notcoin, surged 49.4% from a seven-day low of $0.0085 to a high of $0.0127 yesterday evening UTC.
The Notcoin token currently changes hands at $0.01124, which is about 32% higher than its recent low, although it’s 3.4% down from its price 24 hours ago.
Notcoin’s surge comes after launch of another Telegram game called Lost Dogs: The Way. The game is a collaboration between fellow TON developers, gaming team Lost Dogs Co and NFT trading platform Getgems.
The new story begins https://t.co/8gCHpsimIh
— Notcoin Ø (@thenotcoin) August 1, 2024
Lost Dogs players earn Notcoins alongside another in-game currency called WOOF by making daily choices between three possible outcomes set at the beginning of the day that influence their dogs’ story.
The winning choice is the one that is decided upon by the most players.
Notcoin: A Brief Primer
Anyone can access the Telegram-based Notcoin game through the app. Simply open the Notcoin bot, invite friends, and start tapping on the gold coin in the interface to begin earning $NOT.
Tap allowances are limited and refill slowly over time. However, players can earn more taps by questing and performing community actions.
The tap-to-earn game and its token run on The Open Network (TON), a blockchain that was previously part of Telegram when it launched in 2018, but which has since spun out in 2020 after the SEC charged Telegram with violating federal securities laws by selling it. The two remain strongly affiliated, however.
The $NOT Token’s Sudden Rise And Fall
While a rise of 50% is no small feat, when we zoom out and look at the trading chart over the last three months, the rally looks a lot more subtle
Notcoin’s $NOT token posted a low of $0.0085, which more or less took it down to its summer support level, as indicated by the green line. Even with a 50% raise overnight it’s still around 60% short of its all-time high (ATH) of $0.02836, posted on June 2 this year.
The bulk of its losses occurred before Monday’s crypto crash which reveals cooling investor sentiment. Notcoin currently has a relative strength index (RSI) of 38 and falling, indicating heavy continued selling will further depreciate the price in the short to mid-term.
That means Notcoin needs more than yesterday’s Lost Dogs to set a new high watermark.
From Notcoin To Base Dawgz, How A Share-To-Earn Token Is Expanding Meme Coin Capabilities
Notcoin is an exciting new premise because it’s the first really popular tap-to-earn game. However, another crypto innovation is on the way and the token spearheading it is still only in presale.
Base Dawgz ($DAWGZ) is another Doge-themed coin, this time his primary home is on Coinbase’s Ethereum Layer 2, Base, but he’s also compatible with Ethereum, Solana, BNB Chain, Avalanche and Polygon.
It launched on June 4, taking in over $200,000 within minutes as investors piled in to snap up a multi-chain meme coin with staking and share-to-earn capabilities. To date, it has raised over $2.8 million.
But what is share-to-earn? Simply put, the token’s ingenious marketing strategy puts community members at the core of Base Dawgz’s marketing strategy, thanks to a share-to-earn system that pays out point rewards for sharing $DAWGZ-centric content on social media.
Base Dawgz also offers mouth-watering staking rewards of 939.5%, according to the presale website.
Buy in now to catch this potential stratospheric new meme coin at a fixed pre-launch price of $0.007414.
With multiple purchase options, including popular stablecoins like USDT and USDC, buying in is simple and secure.
However, there are just over five days to purchase the token before it rises to the next fixed presale price.
Check out the Base Dawgz community on X and Telegram.
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.
