Notcoin (NOT) is up more than 11% in the past 24 hours, surpassing $0.021 as bulls reach a two-week high.
The price of the Telegram-based game token is likely to rise further amid new momentum for related token Toncoin (TON), which reached a new all-time high on Friday to push 100% of addresses into profitability.
After rising by double digits, Notcoin's market cap has reached $1.9 billion, ranking the recently launched click-to-earn game coin at 49th place.y Among the largest cryptocurrencies by market capitalization. In comparison, VeChain (VET), Maker (MKR), and Optimism (OP) are all down over the past 24 hours, falling 6%, 2%, and 7%, respectively.
With no indication of the potential for further gains, it is possible that Notcoin could flip VET, MKR, and OP by market cap. All three coins have a market cap of just over $2 billion according to CoinMarketCap data.
Notcoin's 24-hour trading volume of $1.2 billion trails only Bitcoin, Ethereum, BNB, Solana, and the stablecoins USDT, USDC, and FDUSD.
NOT price rose to an all-time high of $0.028 on June 2, though it retreated to $0.019 amid bearish pressure across the broader cryptocurrency market.
Notcoin rises amid new Tap2Earn trend
The recent rise in the price of Notcoin comes at a time when the industry is witnessing a significant rally in “Tap2Earn” and related tokens. Currently, the most popular options include Hamster Kombat and Yescoin.
For Notcoin, the biggest draw is its first-moving feature in the Telegram ecosystem. The open network's (TON) growth in the past few months has also been reflected in Notcoin, with Telegram's 900 million user base and growing support for cryptocurrencies on the platform driving interest and growth.
Metrics such as TON's daily active addresses have risen sharply in the past three months. This path is likely to drive similar trends for Notcoin, which is looking beyond Tap2Earn for growth.
