Notcoin (NOT) Price Prediction: NOT Token Will Likely Continue Rising This Week

Notcoin price started the month well as it soared to a record high of $0.02935, giving it a market cap of over $3.4 billion.

Notcoin (NOT) price soared to a record high on Friday as its market cap surged to over $3.4 billion. The token became the 47th biggest cryptocurrency in the world, surpassing the likes of VeChain, Floki, Injective, Fantom and Celestia (TIA).

Notcoin price soared on Monday as traders bought the dip and the platform’s user numbers surged.

According to data compiled by CoinGecko, the token’s 24-hour volume soared to over $4.68 billion on Monday, making it the highest on record. The volume stood at over $1.4 billion a day before and $827 million on Friday.

Notcoin is a platform that was launched earlier this year and has attracted over 35 million users from around the world. It features a simple Telegram application that allows users to earn the $NOT token by playing simple games.

The platform has also helped to create a new market for play-to-earn games. For instance, as we covered in May, Tapswap also became a highly popular Telegram app with over 40 million of users worldwide.

Notcoin has become a leading crypto in Toncoin, mirroring other popular cryptocurrency disruptors such as Shiba Inu (ETH), Bonk (Solana) and Brett (Base).

Looking ahead, a key catalyst for the Notcoin price will be the performance of meme assets on Monday after Roaring Kitty declared ownership of GameStop shares worth millions of dollars.

The Notcoin price will also react to Thursday’s European Central Bank (ECB) decision and Friday’s US nonfarm payrolls (NFP) data.

Notcoin price analysis: technical outlook

On the hourly chart, we can see that the NOT price bottomed at $0.0045 shortly after its airdrop in May. It then mounted a strong comeback, outpacing popular cryptocurrencies such as Bitcoin, Ethereum and Solana.

The token hit a record high of $0.02935 on Friday before dropping to $0.0204 on Saturday. It has since recovered, moving slightly above the 50-period Exponential Moving Average (EMA).

The MACD and other oscillators also pointed upwards. As a result, the NOT token is likely to continue rising this week as buyers target the psychological $0.030 level.