Coin overview
NOT
Ended--
Last price (USDT)
244.38K
24h total (USDT)
1.36M
Total vol (USDT)
2024-05-10 08:00:00 ~ 2024-05-16 11:30:00
Trading time (UTC+0)
2024-05-16 16:00:00
Delivery time (UTC+0)
Total supply102.45B
Resources
Introduction
Notcoin started as a viral Telegram game that onboarded many users into web3 through a tap-to-earn mining mechanic.
Why These Altcoins Are Trending Today — November 12
As the cryptocurrency market capitalization surpassed $3 trillion, many standout altcoins have captured investors’ attention. As a result, some of these are the hot trending altcoins today, according to CoinGecko. Driven by recent developments, price movements, and surges in trading volume, this article examines why these coins are taking center stage and what’s fueling the excitement behind each one. Notcoin (NOT) Today, Notcoin (NOT), the cryptocurrency tied to the Telegram messaging app, is first on the list of the hot trending altcoins. NOT is trending today because of its notable price increase. Over the last few months, the altcoin’s value experienced a massive decline and showed signs of hitting a new all-time low. However, the price has now increased by 30% within the last seven days while trading at $0.076. This significant resurgence has brought NOT back into the spotlight, with the token now having many mentions on several social media platforms. From a technical standpoint, NOT’s price experienced this rally due to a breakout from the falling wedge on the daily chart. The increase also materialized because of the surge in the buying pressure on the spot market. For context, a falling wedge is a bullish chart pattern that appears when the price consolidates between two downward-sloping, converging trendlines. Notcoin Daily Analysis. Source: TradingView As seen below, Notcoin’s breakout occurred after a bullish engulfing candle appeared out of the wedge. While the altcoin seems to be facing resistance at $0.0082, the support at $0.0076 looks likely to prevent another drawdown. If that happens, Notcoin’s price could climb toward $0.010. In a highly bullish situation, it might rise to $0.013. However, if bulls fail to defend the price, it could decrease to $0.0056. Dogecoin (DOGE) Dogecoin’s position among the top trending altcoins may come as no surprise to dedicated market followers. Over the past 24 hours, DOGE’s price surged by 41% to $0.40, pushing its market cap above $60 billion. Further, this recent rally marks Dogecoin’s highest price since May 2021. Earlier in the month, Dogecoin’s price was $0.15. However, with a 169% hike in the last seven days, the Bull Bear Power (BBP) shows that the cryptocurrency could go higher. This is because the BBP, which measures the strength of bulls against bears, shows that the former are in control. If this remains the case, DOGE’s price could rally beyond $0.45. Dogecoin Daily Analysis. Source: TradingView On the flip side, if the altcoin gets overbought and profit-taking rises, it might pull back. In that scenario, DOGE could slide to $0.35. Happy Cat (HAPPY) Last on the list today is Happy Cat (HAPPY), a meme coin built on Solana. Like other altcoins, HAPPY is trending because of its performance, which has seen its price rise by 147% in the last 24 hours. This price increase could be linked to the trending narrative around Cat-themed meme coins. However, the 1-hour chart shows that HAPPY’s price has decreased to $0.027. This decline is largely due to selling pressure from holders who have gained from the altcoin’s performance. Happy Cat 1-Hour Analysis. Source: TradingView Should this continue, then HAPPY’s price could drop to $0.018. On the other hand, if buying pressure rises, this could change, and the altcoin could rally as high as $0.043.
Crypto Market Hits $3.1 Trillion, Set to Surpass France’s GDP
The crypto market has surged to a staggering $3.1 trillion, nearly matching France’s GDP. On November 12, Bitcoin led the charge, jumping nearly 25% in one week. This makes the crypto market the eighth-largest economy worldwide, behind the economic powerhouses of the US, China, and Germany. Bitcoin’s Central Role in the Crypto Surge If cryptocurrencies were a country, their combined value would make them larger than most nations. When compared to the GDP of individual nations, the cryptocurrency market performs remarkably well. According to the International Monetary Fund, it would rank inside the top ten, positioned between France ($3.17 trillion) and Italy ($2.38 trillion). Leading the way in the top three are the United States ($29.17 trillion), China ($18.27 trillion) and Germany ($4.71 trillion), respectively. The best way to understand the significance of a figure like $3.1 trillion is to compare it to the value of other industries, assets, and investments. Take, for example, precious metals such as gold. Bitcoin, the most valuable cryptocurrency, has been dubbed “digital gold.” Top Assets by Market Cap. Source: CompaniesMarketCap.com Currently, physical gold has a market capitalization of $17.5 trillion, which is nearly six times larger than the entire crypto market and 10 times greater than Bitcoin’s market cap of $1.72 trillion. This is only natural, considering gold’s long history and wide range of uses. In the case of silver, the crypto market is almost double the size of the global silver market, which now stands at $1.71 trillion. We are in the digital gold rush. It started in January 2024 and will run til 2034. 100k by New Year’s 300k in 2025. 10 million minimum by 2035. YOU ARE NOT BULLISH ENOUGH,” said one enthusiast on X. The crypto market cap has surpassed Microsoft’s valuation and is closing in on companies like Nvidia and Apple. With Bitcoin nearing $90,000, analysts are split on whether Bitcoin can maintain its dominance or if altcoins will rise to the occasion. Despite the uncertainty, the current market trends point to continued growth, making the competition within the crypto space more intense.
Best Crypto to Buy Right Now? These 4 Tokens Could Make You 10 Times Richer in No Time
The crypto market is in the recovery phase, and there is much attention on tokens expected to yield high returns. Some projects are quite unusual, but their community support and strong fundamentals appeal to investors. Currently, the most preferred tokens are Rexas Finance (RXS), Chainlink (LINK), NEAR Protocol (NEAR) and Notcoin. Below, we provide reasons why people are so enthusiastic about these tokens. Rexas Finance (RXS): Changing How Everyone Invests Globally Rexas Finance is the new token in the DeFi space that is set to disrupt the market through real-world asset tokenization. Now, assets such as real estate, precious metals, and complex assets can be fragmented and made accessible. With its ecosystem, RXS addresses these assets and even improves the chances of further increasing their value. It is a redefined model of tokenization that shifts the majority of equity into the average, inconsequential user who can now invest in structurally heavy assets, previously reserved for institutional investors and high-net-worth individuals. At present, RXS is trading at $0.07 and is in the fifth stage of its presale with $5.6 million raised, which is remarkable given the project has no external VC funding. The RXS token has reasonable tokenomics with enough allocation for early investors to develop the platform, providing ample room for growth. The platform also boasts of a token builder feature that allows users to create their tokens effortlessly and offer DeFi services to promote further usage within the ecosystem. With $1 million set aside for giveaways, Rexas Finance has demonstrated its commitment to enhancing community focus. This approach not only brings in new prospective investors but also helps improve relationships with existing investors. Rexas Finance is a valid scope of business with a unique asset tokenization model, fast asset deployment, engaged users, and actual functionality, making it highly attractive for long-term investment. Chainlink (LINK): The Decentralized Oracle Networks LINK has forged its position in the blockchain ecosystem. In the framework of a decentralized blockchain oracle network, Chainlink enables smart contracts to obtain and use data from the outside world, such as APIs and off-chain data. This feature is significant as the dapps and DeFi markets are evolving, allowing smart contracts to have reliable and immutable data feeds, without which complex implementations cannot be achieved. Chainlink’s infrastructure benefits numerous DeFi protocols, positioning it as a primary layer in the market. It is expected that DeFi protocols will continue to expand, increasing demand for reliable oracle services such as Chainlink’s. Chainlink has established itself as a dependable company, favored by investors seeking to benefit from the market expansion of decentralized finance. NEAR Protocol (NEAR): The Next Solution for the Open Web NEAR is a layer-1 blockchain architecture specifically designed to meet the needs of decentralized applications with a high throughput appetite. The developers also focused on scalability and cost-effective transactions, beneficial for both developers and users. NEAR’s consensus mechanism, Nightshade, employs sharding for improved scalability without compromising safety, enabling the network to handle large amounts of transactions without degradation in throughput. With NEAR trading at $3.68 per token and holding over a $4 billion market cap, it establishes itself as a leader in scalable blockchain platforms. The development tools available for the protocol and its flexibility make DeFi, NFT projects, and Web 3.0 developments much easier. The market requires scalable blockchain solutions, and NEAR is well-positioned to capture a significant share of the market, which is promising for the future. Notcoin (NOT): A New Entrant with New Features Notcoin is a fairly new player that has turned heads due to its unique offer. Trading at $0.005988, Notcoin aims to revolutionize the digital space for content creators, influencers, and digital marketers by allowing every sensitive and minute work to be monetized in a decentralized manner. This is in anticipation that, as the digital economy grows, there will be radical growth within the creator platforms that offer these solutions in a decentralized manner. Notcoin can still be considered an underdog as some people know it, but the majority do not, enabling all the early investments to be returned and even bigger returns in the future. This is because, soon, the price of Notcoin is expected to skyrocket. Conclusion Having completed our analysis, we conclude that Rexas Finance, Chainlink, NEAR Protocol, and Notcoin are the best candidates for a portfolio looking for investments in the cryptocurrency market. Rexas Finance offers unique asset tokenization by integrating physical assets into the blockchain ecosystem. Chainlink operates within DeFi, providing a decentralized oracle network, while NEAR Protocol offers the necessary scalability for the next generation of Dapps. Each of these projects in the respective blockchain environment addresses specific challenges, making them worth targeting for investors prepared to wait for the next market cycle and expect tenfold returns. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
CryptoQuant CEO Predicts Significant Bitcoin Price Drop Before the End of 2024
Bitcoin’s recent rally, driven by investor enthusiasm following Trump’s election win, has pushed it to a new all-time high of over $77,000. However, Ki Young Ju, CEO of CryptoQuant, predicts a more cautious 2024 close at around $58,974—an estimated 24% dip from recent highs. He’s running a prediction challenge for CryptoQuant users, with some optimistic followers forecasting six-figure prices. Last week’s rate cut anticipation and election results spurred Bitcoin’s gains, catching short-sellers off guard, leading to liquidations totaling nearly $750 million across crypto markets. READ MORE: Republicans Could Boost Crypto Market to $10 Trillion by 2026 – Standard Chartered Meanwhile, analyst Ali Martinez suggests a possible Bitcoin correction toward $73,900, presenting an opportunity to buy. He also shared a bullish view on select altcoins, with price targets set for Notcoin and Dogwifhat, and remains positive on Ethereum’s potential for further growth.
Analyst Predicts Massive Rallies for Two Under-the-Radar Altcoins – Here Are His Targets
A closely followed crypto strategist thinks two altcoins unseen by most traders are gearing up for huge upside bursts. Analyst Ali Martinez tells his 78,600 followers on the social media platform X that he’s bullish on the native asset of the peer-to-peer file storage network Filecoin ( FIL ). According to the analyst, FIL looks poised to rally to its range high after respecting its long-term support. Martinez also thinks that FIL could witness exponential rallies if it manages to overcome a crucial resistance level. “Missed out on the $2.94 entry, but I’m still bullish on Filecoin FIL at this level. The lower boundary has held strong for almost two years, setting us up for a potential rebound to $9.50 – a 145% gain. If we see a breakout above the upper boundary ($9.50), FIL could reach $30, delivering around 700% upside from here.” Source: Ali Martinez/X At time of writing, FIL is worth $4.32, up over 7% in the past day. The trader is also keeping an eye on NOT , the community token for the popular Telegram-based tap-to-earn mining game Notcoin. Martinez says he’s bullish on NOT after the altcoin shattered the diagonal resistance of a falling wedge structure – a bullish reversal pattern. “Notcoin NOT broke out of the falling wedge, and its price is projected to increase 76% to $0.012!” Source: Ali Martinez/X At time of writing, NOT is worth $0.0076. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Generated Image: DALLE3
Notcoin Shows Signs of Recovery With 25% Rally Amid Positive Trader Sentiment and Key Support Levels
Notcoin (NOT) has made a significant turnaround, registering a 25% rally that has ignited renewed optimism following an extended period of declines. This resurgence has been accompanied by a strong funding rate, indicating robust support among traders who are positioning themselves for potential further gains. According to COINOTAG, a crucial support level at $0.0094 might enable further growth, while failure to maintain $0.0083 could lead to downturns towards $0.0070, jeopardizing the rally. Notcoin rebounds with a 25% rally, showing strong trader support and technical momentum. Key resistance levels ahead could dictate its market trajectory. Strengthening Momentum in Notcoin After facing a prolonged decline since June, Notcoin is exhibiting signs of recovery that are difficult to overlook. The recent 25% increase in price has not only revitalized traders’ spirits but also reignited interest in this cryptocurrency, which is primarily communicated through the Telegram platform. The positive shift in Notcoin’s valuation is backed by solid trading support, reflecting a community poised for potential advancements in market positioning. Traders Display Confidence Through Funding Rates An analysis of Notcoin’s funding rates reveals a consistent positive outlook among investors, which is critical for its future performance. Throughout October, despite the notable price downturns, traders have demonstrated considerable resilience, maintaining their positions. This persistent positivity underscores a belief within the community that a turnaround is on the horizon, reinforcing Notcoin’s potential for sustained support in the volatile crypto ecosystem. Technical Indicators Suggest Bullish Outlook In tandem with rising prices, Notcoin’s technical indicators such as the Relative Strength Index (RSI) are showing promising signs. The recent momentum has lifted the RSI above the neutral 50.0 level, suggesting an influx of buying interest. Maintaining this level will be crucial for Notcoin to thrive in the coming weeks. A sustained position above the RSI’s neutral line can bolster investor confidence, thus reinforcing purchasing behaviors. Price Action: Key Levels to Watch The surge to a recent intra-day high reflects growing buying pressure within the market. However, key resistance levels remain a focal point for analysts and traders alike. Notcoin’s immediate target is to convert the resistance at $0.0094 into a support level. Successfully achieving this conversion could not only accelerate gains but also attract additional investors, further solidifying Notcoin’s market position. Future Stability and Potential Risks While Notcoin’s recent rally is promising, it is crucial to recognize the hurdles that lie ahead. The cryptocurrency must overcome the critical resistance at $0.0083, or risk experiencing a retracement towards $0.0070. This potential decline would not only undermine current bullish sentiments but could also signify a return to previous downtrends. Thus, traders should remain vigilant, balancing optimism with caution as Notcoin navigates this volatile market terrain. Conclusion In summary, Notcoin’s recent 25% rally indicates a notable resurgence of trader interest, bolstered by supportive funding rates and positive momentum in key technical indicators. For sustained growth, the cryptocurrency must adeptly navigate pivotal resistance levels; however, failure to do so could undermine recent gains. Overall, Notcoin showcases a compelling case for positivity within its community, contingent upon effective market strategies moving forward. In Case You Missed It: Dogecoin (DOGE) Sees 30% Weekly Surge Amid Crypto Recovery and Market Capitalization Reaches $30 Billion
Next Cryptocurrency to Explode, November 9 — DOGS, Beam, Mantle, Notcoin
Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future. Next Cryptocurrency To Explode Experts suggest investors are more likely to discover the next booming crypto among upcoming projects. With this in mind, they should consider the potential of the new presale coin, Flockerz (FLOCK). FLOCK is a new meme coin that offers a unique vote-to-earn reward system, fosters strong community connections, and provides attractive staking benefits. The Flockerz team has already raised $700,000. Further details about the project and its future outlook are shared below. 1. DOGS (DOGS) DOGS is a meme coin project that leverages the TON blockchain’s secure and low-cost infrastructure. With Toncoin’s setup, users enjoy seamless transactions and efficient decentralized applications, creating a faster and more affordable experience within the DOGS ecosystem. Unlike many meme coins that rely purely on hype, $DOGS has a practical use on Telegram. Its 550 billion tokens are dedicated to active and loyal Telegram users. 81.5% of the total supply is set aside for the community, with 73% focused on the platform’s most engaged members. The project aims to bring decentralized finance to the meme coin world. Its offerings include staking options and community-driven governance, adding extra functionality to the token. DOGS combines a fun approach with meme token popularity to build a strong following while planning for long-term growth, including an expansion into DeFi. Currently, DOGS is trading at $0.0007318, marking a 22.94% gain over the past week. This momentum reflects the token’s expanding utility and upcoming partnerships, boosting investor confidence. Technical indicators reveal that DOGS has broken through its resistance level, suggesting potential for further price growth. Despite facing a bearish trend and some technical challenges over the past two months, excitement around DOGS remains high. Many analysts suggest it could rebound now that the market appears more stable. 2. Beam (BEAM) Beam (BEAM) is showing strong momentum in the current market rally, with a recent surge of nearly 10%. This rise pushed BEAM out of a falling channel that had been in place since March, and it now trades at $0.02088. If BEAM crosses above $0.1050, this breakout could be confirmed, allowing it to aim for its next resistance at $0.1967, offering a promising upside. Interest in BEAM is also growing as more people focus on privacy-centric cryptocurrencies. Conversations about Beam’s development and active community are increasing across social media, which may contribute to its upward trend. In the past month, Beam (BEAM) has had 16 “green days,” closing higher than it opened more than half the time. This steady trend and high liquidity relative to its market cap add to the positive sentiment around BEAM. Its mobile app and efficient model also provide strong privacy features, helping users stay anonymous—a key appeal for its community. Despite past concerns about its price, Beam is showing solid upward momentum. Beam’s price is expected to remain stable, with forecasts suggesting it could hold around $0.19314 by mid-November 2024. By 2025, a potential rise to $0.2278 is projected, which could mean an impressive gain of up to 990% early next year. Additionally, Beam could reach $0.021578 by the end of the month. With its recent steady performance and positive outlook, Beam is one to watch for future growth. 3. Flockerz (FLOCK) The Flockerz ($FLOCK) presale continues to grow, raising over $1.3 million. This new meme coin is making waves with its vote-to-earn (V2E) mechanism, where community members earn rewards by guiding the project’s direction. This unique model sets a fresh standard in the meme coin space, launching when interest in meme coins is rising. As the meme coin market approaches another peak in 2024, Flockerz stands out with its community-driven governance. Projections suggest meme tokens could multiply by millions by 2025, fueled by the popularity of meme coin launchpads. Flockerz’s decentralized approach offers investors something distinct, especially those interested in projects where the community has real control. With its V2E model, Flockerz has earned the nickname “People’s Meme Coin.” Unlike most meme coins, Flockerz is fully community-led, giving its “flock” the power to shape its future. This V2E approach is rewriting the rules in crypto, and Flockerz gives enthusiasts a front-row view of this new trend. Currently, 2.4 billion $FLOCK tokens are available, allowing everyone to join the meme coin movement. To get started, visit the official Flockerz website, connect your wallet, and purchase $FLOCK with ETH, BNB, USDT, or even a bank card. Through its staking protocol, Flockerz offers a high APY of 1,289% for those looking for additional rewards. Flockerz provides a secure investment experience. Coinsult has fully audited the project’s smart contract, and no critical issues have been reported. Investors can join now and buy $FLOCK tokens at the presale price of $0.0059571. However, time is limited—this price will increase to $0.005981 in less than three days. Buy FLOCK Tokens Here 4. Mantle (MNT) The MNT token has surged by 20.62% in the past 24 hours, now at $0.7957. This rise aligns with an overall positive trend in the cryptocurrency market. According to CoinMarketCap, Mantle Network’s market cap is around $2.68 billion, placing it 35th in global rankings. MNT’s trading volume also significantly increased, jumping by 99.52% in the past day to reach $225.34 million, fluctuating between $0.6558 and $0.9140. This price growth is linked to increased daily active users and new addresses involved in MNT transactions. Previously known as BitDAO, Mantle is an investment DAO connected to Bybit. The Mantle token (MNT) serves for governance, network gas fees, and staking. Built on Optimistic Rollup (ORU) technology, Mantle Network scales Ethereum while remaining compatible with the Ethereum Virtual Machine (EVM). Mantle runs on the Ethereum network, offering a secure and scalable foundation for decentralized application (dApp) developers. This setup makes it especially attractive for GameFi projects, leading Mantle to establish an in-house Web3 gaming team. Launched by Immutable, Mantle is focused on transforming blockchain gaming with its upcoming zkEVM technology. This new technology aims to boost gaming performance by speeding up transactions and enhancing scalability, all while staying compatible with Ethereum. By providing a more accessible and affordable platform, Mantle hopes to attract developers and gamers, advancing the possibilities of blockchain gaming. 5. Notcoin (NOT) Notcoin ($NOT) is showing a promising risk-to-reward opportunity. Market analysis reveals a developing falling wedge pattern, signaling a possible bullish breakout with a target of $0.012. Since late May, $NOT has followed a downward trend, forming a descending channel with lower highs and lows, showing steady bearish control. As of early November, $NOT’s price recently bounced from a key support level around $0.0044, where past rebounds have occurred. A recent green candlestick showing a 15.4% gain adds positive momentum, suggesting the price could rise further if it breaks nearby resistance. If $NOT surpasses resistance near $0.0070, analysts foresee a potential 76.25% gain, targeting $0.012. To manage risks, traders might place stop-loss orders close to the $0.0044 support level, protecting against losses while allowing for potential gains. In addition, Busha has announced support for $NOT, allowing users to deposit from external wallets for trading or holding on the Busha platform. This support boosts $NOT’s ecosystem and reinforces its commitment to transparency, security, and decentralization. Read More Next Cryptocurrency to Explode, 2024
Why Is the Notcoin (NOT) Price Up?
Notcoin has surprised everyone with a big comeback, rallying by 27% after being stuck in a long downward trend. This sudden rise has sparked excitement and hope among traders, many of whom see it as a sign of better days ahead for the cryptocurrency. The increased funding rate shows that traders are backing Notcoin strongly, adding to the optimism. In this Notcoin price prediction article, we’ll explore what’s driving this rally, what the funding rate means, and what could be next for Notcoin. How has the Notcoin (NOT) Price Moved Recently? NOT/USD Daily Chart- TradingView Today, NOT is priced at $0.007803, with a trading volume of $1.17 billion over the past 24 hours, a market cap of $799.58 million, and a market dominance of 0.03%. The price has surged by 27% in the last day alone. Notcoin’s all-time high of $0.029045 was reached on June 2, 2024, while its all-time low of $0.004612 occurred on May 24, 2024. Since reaching that high, its lowest point was $0.00553, and it has rebounded to a cycle peak of $0.00802. Currently, market sentiment for Notcoin is bullish, with the Fear & Greed Index standing at 69, indicating a state of “Greed.” Notcoin has a circulating supply of 102.47 billion NOT, approaching its maximum supply cap of 102.72 billion NOT. Why Is the Notcoin (NOT) Price Up? Notcoin Funding Rate. Source: Coinglass The recent spike in Notcoin’s price can be chalked up to a few key factors working in its favor, from strong trader support to positive technical patterns. Over the past month, Notcoin has enjoyed a steady positive funding rate , which shows that traders have held onto their positions, undeterred by October’s downturn. This persistence is a good sign—it suggests that the community is confident about Notcoin’s long-term potential, even when the market has been shaky. Such steady support from investors has helped Notcoin rebound, paving the way for its recent price gains. Adding fuel to this optimism, crypto analyst Ali Martinez has forecasted a potential 76% surge for Notcoin, possibly pushing it to $0.012. His bullish outlook is based on Notcoin’s breakout from a falling wedge pattern—a technical formation that often signals a shift toward an upward trend. Martinez sees this as a strong “risk-to-reward setup,” meaning it could be a good opportunity for short-term gains. With Notcoin already rallying over 17%, traders are encouraged by this setup, and it’s adding excitement within the community. If Notcoin manages to cross the resistance level at $0.012 with substantial volume, it could establish a new support level, potentially setting the stage for more consistent upward momentum. This combination of community confidence and positive technical signals is creating a promising environment for Notcoin’s continued growth. How high can the Notcoin (NOT) Price Go? The potential for Notcoin (NOT) to reach new highs is influenced by a mix of current market trends, technical indicators, and historical price patterns. Currently, Notcoin is trading near its cycle high, which suggests positive momentum. This level is often seen as a sign that the asset is finding renewed interest among traders and that investor sentiment could be shifting towards a more bullish outlook. Additionally, Notcoin’s high liquidity relative to its market cap provides the flexibility needed for sustained trading volume, allowing for more stable price movements and the possibility of quick rebounds if demand picks up. However, it’s worth noting that this liquidity can work both ways; while it supports upward movements, it can also increase vulnerability to larger sell-offs if sentiment shifts. Despite this recent optimism, NOT price faces some hurdles in reaching new heights. The coin has only seen 13 green days in the last month, indicating that sustained upward movement has been limited, with positive price action occurring less than half the time. This, combined with a performance that remains down 73% from its all-time high, suggests that NOT price has a long road to reclaim its previous peak levels. Additionally, the token’s current price performance is lagging behind its initial sale price, meaning it may struggle to attract investors who prioritize assets with a track record of appreciation above their starting value. In terms of potential upside , if Notcoin can maintain its current positive funding rate and community support, it could break through the immediate resistance levels and target a price of $0.012, as suggested by analyst Ali Martinez. Should it achieve this milestone with strong trading volume and build it into a new support level, there could be room for further growth, potentially allowing it to approach levels closer to $0.02. However, the broader market environment, as well as investor patience with its performance relative to its token sale price and previous highs, will play a crucial role in how far it can realistically go. For now, while a cautious rally towards $0.012 seems achievable, a more sustained breakout may require a shift in overall market sentiment and stronger long-term buying pressure.
Notcoin Price Rallies 25% in a Day; NOT Traders Optimism Pays Off
Notcoin (NOT) has been in a persistent downtrend since June, facing significant price declines. However, recent developments suggest a potential turning point for this Telegram-based cryptocurrency. A notable 25% rally has sparked optimism, providing NOT traders with a much-needed boost. This upward momentum could signal a shift as positive sentiment grows within the Notcoin community. Notcoin Has Considerable Support Over the past month, Notcoin’s funding rate has remained consistently positive, reflecting a generally optimistic outlook among traders. Despite NOT’s declining price in October, traders held firm, maintaining their positions as funding rates indicated a strong conviction. This resilience in the face of price declines suggests that Notcoin enthusiasts are confident about a potential recovery, indicating stable long-term support from the community. Such sustained optimism is a promising sign for NOT’s future. The positive funding rate, coupled with recent price action, suggests that investors believe in Notcoin’s potential for a turnaround. If this sentiment continues, it could provide the stability necessary for NOT to build on its recent gains and overcome resistance levels. Notcoin Funding Rate. Source: Coinglass Notcoin’s macro momentum is beginning to show strength, supported by technical indicators such as the Relative Strength Index (RSI). The RSI is currently gaining bullish momentum, suggesting that buying interest is on the rise. However, to sustain this growth, NOT needs to turn the neutral line at 50.0 on the RSI into a support level. Achieving this support on the RSI would signal sustained bullish strength, encouraging additional investor interest. For NOT to maintain its recent rally, this level of momentum must be sustained. Without a firm foundation, Notcoin may struggle to hold on to its current gains, emphasizing the importance of consistent growth indicators. Notcoin RSI. Source: TradingView NOT Price Prediction: Recovering Losses Notcoin’s price surged by 25% during today’s intra-day high, rebounding from the recent support level of $0.0057. This uptick reflects growing buying pressure, and the altcoin is now looking to continue this momentum with hopes of reaching higher targets. The broader market’s bullish sentiment could aid Notcoin’s progress, provided investors resist the urge to book profits too soon. If successful, NOT’s target is to flip the resistance at $0.0094 into a support level, solidifying its position and potentially enabling further gains. Notcoin Price Analysis. Source: TradingView However, Notcoin has previously struggled to close above the $0.0083 resistance level. Another failed breach at this price point could prompt a pullback toward $0.0070. A drop below this level would invalidate the current bullish outlook, potentially pushing NOT back to its recent support of $0.0057, which would signal a return to the downtrend.
NOT rose above 0.007 USDT, with a 24-hour increase of 17.47%
Bitget market data shows that NOT has risen and broken through 0.007 USDT, currently quoted at 0.007459 USDT, with a 24H increase of 17.47%.
Why These Altcoins Are Trending Today — November 8
The top trending cryptos today include a project that has recently seen a notable exchange listing and another two that have previously appeared on this list. Interestingly, the prices of two out of these have increased in the last 24 hours, while the last seems to be lagging behind. According to CoinGecko, the top trending altcoins today include Drift (DRIFT), Notcoin (NOT), and Grass (GRASS). Drift (DRIFT) DRIFT, the governance token of the Solana-based decentralized exchange Drift Protocol, is trending due to an exchange listing. Today, November 8, South Korean-based exchange Upbit announced that it would list DRIFT at 18:00 KST, disclosing that the token will be paired with Bitcoin (BTC), USDT, and the Korean Won (KRW). Following the recent development, Drift’s trading volume surged by 500%, with its price jumping 88%. Currently trading at $0.95, this strong reaction mirrors the performance of other tokens that have been listed on Upbit in the past. On the daily chart, the Bollinger Bands (BB) has expanded, indicating a rise in volatility around the altcoin. However, the upper band of the BB has also touched DRIFT’s price. When this happens, it means that the cryptocurrency is overbought. It also aligns with the position of the Relative Strength Index (RSI). As of this writing, the RSI reading is 77.05, and usually, when the indicator is above 70.00, it means it is overbought. Therefore, DRIFT’s price risks retracement in the short term. Given this outlook, DRIFT’s price could drop to $0.70. Read more: 10 Best Altcoin Exchanges In 2024 Drift Daily Analysis. Source: TradingView On the flip side, if buying pressure continues to be intense and profit-taking does not come in, the altcoin might climb higher. In that scenario, it could jump above $1. Notcoin (NOT) Unlike DRIFT, Notcoin is not part of the top trending cryptos due to a price increase. Instead, it is one of the few altcoins that has failed to perform well in the last 24 hours. As of this writing, Notcoin’s price is $0.0063, representing a 16.69% decrease in the last 24 hours. Despite the decline, NOT had formed a falling wedge on the daily chart. A falling wedge is a chart pattern formed by drawing two descending trendlines: one connecting the highs and the other connecting the lows. It is considered a bullish reversal pattern, often signaling that after a period of decline, the price may soon break out to the upside. Notcoin Daily Analysis. Source: TradingView Considering this position, Notcoin’s price could climb toward $0.013 in the short term. However, if the price breaks below $0.0060, this might not happen. Instead, NOT might decline to $0.0056. Grass (GRASS) If there is one crypto that has appeared on the trending altcoins list almost every day since last week, it is GRASS. Today, again, the native token of the Decentralized Physical Infrastructure Network (DePIN) project is on the list. As it has done in previous times, Grass is trending due to its price performance. In the last 24 hours, the altcoin’s value has risen by 31.81%, making it one of the best performers out of the top 100. On the 4-hour chart, the Moving Average Convergence Divergence (MACD) is positive. This MACD reading indicates that the momentum around GRASS is positive. If sustained, then GRASS’ price could climb much higher than $3.33. Read more: Which Are the Best Altcoins To Invest in November 2024? Grass 4-Hour Analysis. Source: TradingView But if GRASS holders decide to take profit, this prediction might not come to pass. In that scenario, it could drop below $2.50.
Analyst predicts strong gains for Notcoin, Ethereum, and Dogecoin
Crypto analyst Ali Martinez has expressed a bullish outlook on Notcoin (CRYPTO:NOT), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE). Sharing insights with his 77,300 followers on the platform X, Martinez noted that Notcoin could surge 100% from its current price of $0.006. “Notcoin is showing a promising risk-to-reward setup. With a falling wedge pattern forming, it could be primed for a bullish breakout toward $0.012,” he highlighted. A falling wedge pattern typically signals a bullish reversal as it forms with decreasing highs and lows, suggesting waning selling pressure. A breakout above the upper trend line is considered a positive signal. Martinez is similarly optimistic about Ethereum, predicting it could reach $6,000. “The risk-to-reward ratio on Ethereum is too good to pass up for a long position! I’ve set my stop below $1,880 and am aiming for a target of $6,000,” he shared. His chart indicates that ETH is holding support at the bottom trend line of an ascending channel, potentially setting up a move to retest the upper bound near $6,100. The analyst also foresees a potential rally for Dogecoin, driven by Elon Musk's influence and his connection to President-elect Donald Trump. “With Elon Musk now influencing the 47th President, Donald Trump, Dogecoin could be primed for a wild ride!” Martinez mentioned. He cited Fibonacci extension patterns that suggest DOGE could climb to levels between $4 and $23 if historical trends are repeated. At the time of reporting, the Notcoin price was $0.0064, the Ethereum price was $2,902.51, and the Dogecoin price was $0.1926.
BRICS Summit 2024: Russia’s New CBDC Just Broke The Dollar
Vladimir Putin, the leader at this year’s BRICS Summit , is the most hated man in America. It wasn’t always this way. At one point, Putin was a great ally to the US and even warned George Bush two days before 9/11 that a terrorist attack might happen. Bush didn’t listen. Now Putin is making another warning: a NEW central-backed digital currency or CBDC sponsored by Russia and China to take down the US dollar. In our new video from the 99Bitcoins YouTube team, we explore this new BRICS currency and its implications for the US Dollar. What is BRICS & Why Do They Want to Kill the Dollar With today’s US presidential election , it might seem that Orange Man vs. California Mom is the most important issue. It’s NOT. It’s a footnote compared to the 2024 BRICS meeting last week that happened in all places… Mother Russia. ( IMF ) A quick reminder: BRICS stands for Brazil, Russia, India, China, and South Africa. Together, they represent the most powerful economic bloc in the world. BRICS now also includes potential WW3 participants Egypt and Iran. At last week’s BRICS meeting, two things happened: BRICS announced their NEW CBDC, Unit+. The idea is to create a neutral currency for outside trade between countries inside BRICS because the US dollar has become too politicized, and US inflation is skyrocketing. BRICS countries announced they will use the Yuan instead of the US dollar for global trade. As they argue, the Yuan is backed by Chinese exports, while the Air Force backs the American dollar. Putin and Chinese President Xi Jinping are directly challenging the dollar, and Putin especially is grinning from ear to ear. EXPLORE: Election Day is Here: How the Presidential Race Could Impact Crypto Market Volatility How Will a New BRICS Currency Affect the US Dollar? “Whoever does not miss the Soviet Union has no heart. Whoever wants it back has no brain.” – Vladimir Putin Western analysts have doubted BRICS from day one. ‘Too different, too divided,’ they said. But 15 years later, BRICS is stronger than ever. To get what they’re talking about, imagine Russian music: cold, intense, and full of vodka-induced sadness. It also sometimes sounds like this . But whether you take them seriously or not, BRICs are the most powerful economic bloc by and are projected to represent one-third of the entire planet by 2029 🌍💸De-Dollarization Continues, West Weeps The BRICS alliance has made a monumental shift, settling 65% of trade in local currencies, thereby diminishing the influence of the US dollar and the Euro to below 35%. pic.twitter.com/2cLVDtx2ai — DD Geopolitics (@DD_Geopolitics) October 15, 2024 So, how will this affect the US dollar? The term you need to understand here is DLT—or “ distributed ledger technology ,” which we all know as blockchain. BRICS wants to use blockchain because the technology has become faster, cheaper, and more secure than TradFi. Why trust a banker when you can trust a blockchain? In a BRICS-sponsored research paper, they say, “[We propose] a new multinational platform based on modern technologies, which would include a financial messaging component and allow settlement via tokens backed by national currencies and CBDCs.” In other words, blockchain will be the basis of the number one future currency competition against the dollar. Crazy! CBDCs are pretty much like Bitcoin, except the government centralizes them. This is what Russia and China want. You’ll have to watch the full video below to learn more about this system or which blockchain China and Russia are backing. Watch the Full Video Here EXPLORE: Who Are Cartwright? Firm Announces Bitcoin Is Being Added Into A UK Pension Fund Join The 99Bitcoins News Discord Here For The Latest Market Updates
Clayton (CLAY): The Fun-Filled Mascot and Game Hub of the TON Ecosystem
What is Clayton (CLAY)? Clayton (CLAY) is a mini-app within Telegram that offers fun, easy-to-play games and rewards in the form of CL points. As a mascot, Clayton symbolizes the spirit of play, interaction, and growth within TON, encouraging users to dive into games, rack up rewards, and invite friends to join in. The concept is simple yet powerful: users interact with Clayton, play games, and earn CL points, a form of in-app currency within the ecosystem. These points can later be used for various purposes, especially as the Clayton team expands its features. Who Created Clayton (CLAY)? The creators of Clayton are not publicly known. What VCs Back Clayton (CLAY)? While Clayton does not currently have backing from venture capitalists, it has strategically partnered with several well-known names in the market such as Notcoin, MemeFi, etc. How Clayton (CLAY) Works Clayton offers a simple yet engaging way for users to earn rewards, build teams, and explore games. Here’s how it all works: Playing Games Clayton currently offers two main games, 512 and Stack, with plans for more. ● In 512, players merge tiles with the goal of reaching higher numbers, combining strategy with puzzle-solving. ● Stack, on the other hand, is all about building tall structures, rewarding players based on how high they can build. With Clay Ball and other game concepts under development, Clayton is set to expand its gaming catalog, providing users with even more ways to earn and have fun. Earning CL Points For every game played, users earn CL points. These points represent Clayton’s in-app currency, which users can accumulate by playing games, completing tasks, or simply engaging with the platform. CL points are the foundation of Clayton’s rewards system and will soon be convertible to CLAY tokens, giving them value outside the app. Inviting Friends Clayton encourages community growth through its referral system. By inviting friends to join, users can increase their CL points. This makes Clayton’s experience more social and extends its reach as users bring more people into the TON ecosystem. Farming CL Points Beyond playing games, users have opportunities to farm CL points through daily rewards and tasks. With regular engagement, players can maximize their points and prepare for future use cases, including converting points to CLAY. Tokenomics and CLAY Although full tokenomics details are not yet available, the Clayton team is working on a clear structure to ensure fair distribution of CLAY tokens and proper allocation of value. As part of the roadmap, the tokenomics will provide users with insight into how points translate to the larger blockchain economy, setting Clayton up for potential long-term sustainability. Ambassadorship Program Clayton is preparing to launch an Ambassadorship Program, where users can join the team, promoting Clayton, engaging new users, and potentially receiving additional rewards. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
3 Affordable Cryptos Priced Lower Than a Coffee Cap with 5,300% ROI Opportunity
The world of cryptocurrencies is buzzing with affordable options that could yield impressive returns. Digital coins priced lower than everyday items are catching the eye of savvy investors. These low-cost tokens offer the potential for significant growth without requiring a substantial initial outlay. Enthusiasts are eager to discover which of these hidden gems might be poised for remarkable gains. XYZVerse stands out as the first memecoin uniting sports fans, aiming to outperform past tokens by blending meme culture with sports, offering early adopters a chance at significant growth. Dominate the Field with XYZ: The Next Meme Coin Champion! The game is on, and XYZ is leading the charge in the meme coin arena! This sensational all-sports meme token has hit the market with unstoppable momentum, knocking out weak competitors and scammy cryptos. As it charges ahead, XYZ is set to deliver jaw-dropping gains, leaving the likes of BOME and WIF far behind. With eyes on a staggering 99,900% growth, XYZ is ready to claim the meme coin crown in the next crypto bull marathon! 💸 Rule the game, cash in as the bets roll in 💸 XYZ is the star player in XYZVerse – the ultimate fusion of sports thrill and meme culture. This community-centered ecosystem is the perfect playground for crypto degens and sports fans alike, offering everything from entertainment apps to prediction markets. Think back to Polymarket’s $1 billion trading volume during the US elections betting frenzy, and now, picture that on steroids with XYZVerse. With millions of sport bettors getting ready to jump in the action, opportunities for early investors in XYZ are really huge! XYZ is currently undervalued, and with major listings on the way, presale participants stand to secure life-changing gains. >>>Don’t miss your shot at being part of the XYZ winning team!<<< Pepe (PEPE) There’s a new player in the world of cryptocurrencies, and it’s turning heads with its quirky charm. PEPE is a deflationary meme coin launched on Ethereum as a tribute to the iconic Pepe the Frog, created by Matt Furie. Embracing its meme origins, PEPE stands out by keeping things straightforward. It has a no-tax policy and openly acknowledges that it doesn’t offer traditional utility. This simplicity appeals to many in the crypto community who appreciate a coin that doesn’t take itself too seriously. In the spring of 2023, PEPE made waves when its market cap soared to an astonishing $1.6 billion. Early holders saw unexpected gains, and a vibrant community quickly grew around the coin. This surge ignited what some call a “memecoin season,” with other meme-inspired coins experiencing rapid rises and falls. While it’s hard to predict the future, PEPE’s ascent highlights a growing trend where community and cultural relevance can drive a cryptocurrency’s popularity. As the market approaches the next Bitcoin halving cycle, many are watching to see if PEPE will climb to new heights, reflecting the dynamic and often unpredictable nature of the crypto world. Notcoin (NOT) Notcoin began as a viral game on Telegram, capturing hearts with its tap-to-earn mining. Users tapped their screens to mine $NOT tokens, making it a fun way to step into web3. This simple mechanic onboarded many into the world of blockchain without the usual hurdles. $NOT isn’t just a token; it’s a gateway to exploring, playing, and contributing in a vibrant community. Today, Notcoin offers more than just a game. Users earn by discovering new web3 products, joining in fresh games, and adding value to the ecosystem. Web3 builders can present their creations to this active community through Notcoin campaigns. In a market where user engagement is key, Notcoin stands out. Its focus on participation over speculation makes it appealing in the current cycle. As more people seek interactive and rewarding digital experiences, Notcoin’s approach could set it apart from other coins. Conclusion While PEPE, NOT, and others show promise, $XYZ emerges as the standout, uniting sports fans and aiming for 20,000% growth as the first all-sport memecoin. You can find more information about XYZVersus (XYZ) here: Site , Telegram , X
Here’s what happened in crypto today
From cointelegraph by Cointelegraph Today in crypto, Donald Trump made a last-ditch effort to appeal to crypto voters, Bitcoin’s foundational document, the white paper written by its creator, Satoshi Nakamoto, turned 16, and BlackRock’s spot Bitcoin exchange-traded fund (ETF) recorded its largest day of inflows since it launched. Trump wishes “Happy 16th anniversary” to Satoshi's white paper With less than a week until the US presidential election, Republican candidate Donald Trump took to social media to commemorate the 16th anniversary of Satoshi Nakamoto’s Bitcoin white paper. In a social media post on Truth Social, the former president wished a “Happy 16th Anniversary” to the Bitcoin white paper and reminded pro-crypto voters that he has pledged to work in their favor. This includes ending “Kamala’s war on crypto” and ensuring that “Bitcoin will be made in the USA,” he said. Source: Truth Social With the presidential election looming, most polls show Vice President Kamala Harris and Trump competing in tight races in key battleground states. Early voting will end on Nov. 1 in several states, including the battlegrounds of Georgia, Arizona, and Nevada. In addition to his pro-crypto campaign, Trump has promised to release Silk Road founder Ross Ulbricht from prison if he’s elected president. “If you vote for me, on day one I will commute the sentence of Ross Ulbricht,” Trump said in May. Silk Road was shut down by the FBI in 2013, with Ulbricht convicted two years later on various charges. He was sentenced to two life sentences, plus 40 years and no potential for parole. Bitcoin at 16: From experiment to trillion-dollar asset On Oct. 31, 2008, Nakamoto shared the “Bitcoin: A Peer-to-Peer Electronic Cash System” white paper with a cryptography mailing list , proposing a decentralized, peer-to-peer network capable of preventing double-spending through proof-of-work consensus. Bitcoin white paper. Source: Bitcoin.org Just three months later, Nakamoto mined Bitcoin’s first block, known as the genesis block, rewarding 50 Bitcoin BTC$69,298 , and launched what is now the world’s largest cryptocurrency network. Sixteen years later, Bitcoin has reached a market value of over $1.42 trillion, making it the 10th largest asset globally, according to CompaniesMarketCap. Bitcoin’s growth has been boosted by investor confidence and institutional adoption for its role as a store of value, according to Mithil Thakore, co-founder and CEO of Velar. Velar told Cointelegraph: “Bitcoin has evolved from a niche digital experiment to a global asset class that rivals traditional stores of value like gold. But unlike gold, which has taken thousands of years to establish itself, Bitcoin managed to capture institutional attention, spark regulatory debates, and drive a global decentralized finance movement — all in just 16 years.” Bitcoin’s maturity, according to Thakore, is evident through rising long-term holdings by institutions, deeper integration with traditional financial markets and growing adoption as an inflation hedge. BlackRock Bitcoin ETF scores huge $875 million inflow amid crypto rally BlackRock’s spot Bitcoin exchange-traded fund (ETF) has recorded its biggest day of inflows since its launch in January as crypto markets surged. On Oct. 30, BlackRock’s spot Bitcoin ETF (IBIT) recorded inflows of $875 million, according to CoinGlass data . This marks the highest inflow day for IBIT since its launch on Jan. 11 . Source: Spot On Chain The figure has surpassed IBIT’s previous high of $849 million set on March 12, as per Farside data . It also marks the thirteenth consecutive inflow day for IBIT, totaling approximately $4.08 billion in inflows during the period. Traders are speculating that a billion-dollar inflow day could be imminent. “I said billion dollar inflows, it was NOT a joke,” crypto trader Trading Axe told their 70,300 X followers. Meanwhile, crypto trader Cozy The Caller opined to their 164,100 followers that it is going to be “above 1B the day we break ATH for sure.”
Bitcoin investors pile $875M into BlackRock fund amid crypto rally
BlackRock’s spot Bitcoin exchange-traded fund (ETF) recorded its biggest day of inflows since its launch in January as crypto markets surged. On Oct. 30, BlackRock’s spot Bitcoin ETF (IBIT) recorded inflows of $875 million, according to CoinGlass data . This marked the highest inflow day for IBIT since its launch on Jan. 11 . 13 days of consecutive inflows for IBIT The figure has surpassed IBIT’s previous high of $849 million set on March 12, as per Farside data . It also marked the 13th consecutive inflow day for IBIT, totaling about $4.08 billion in inflows during the period. Traders are speculating that a billion-dollar inflow day may be imminent. “I said billion dollar inflows, it was NOT a joke,” crypto trader Trading Axe told their 70,300 X followers. Meanwhile, crypto trader Cozy The Caller said to their 164,100 followers that it is going to be “above 1B the day we break ATH for sure.” Total inflows across all the US spot Bitcoin ETFs on Oct. 30 was $896.30 million. Source: CoinGlass BlackRock’s performance eclipsed the other 10 US-listed spot Bitcoin ETFs, which brought in a combined $21.3 million in inflows. Fidelity Wise Origin Bitcoin Fund ranked second with $12.6 million, while Bitwise Bitcoin ETF saw the lowest with outflows totaling $23.9 million. At the time of publication, Bitcoin ( BTC ) was trading at $72,410, just 1.7% below its all-time high of $73,679, reached on March 13. Trader’s eyes are all on US election Some analysts say the United States presidential election on Nov. 5 could be a catalyst for Bitcoin to climb above its previous high. Related: 5 metrics suggest Bitcoin price will break new all-time highs Swyftx lead analyst Pav Hundal recently told Cointelegraph that a Donald Trump “victory would likely provide a dopamine hit.” On Oct. 29, IBIT’s daily trading volume hit $3.35 billion, marking its highest level since April 1 . Bloomberg ETF analyst Eric Balchunas said that the surge confirmed “FOMO” among market participants. Meanwhile, on Oct. 28, Cointelegraph reported that in the coming days, the US spot Bitcoin ETFs across the board may reach a total of 1 million Bitcoin in holdings. Magazine: Most DePIN projects barely even use blockchain: True or false?
NOT A HOTEL announces it will issue virtual currency to raise 2 billion yen to purchase real estate
vacation home and hotel operator NOT A HOTEL (Shibuya, Tokyo) announced the issuance of cryptocurrency NOT A HOTEL COIN (NAC). The company aims to raise 2 billion yen, the largest virtual currency financing amount in Japan. This funding will be used to purchase and develop real estate. The company's wholly-owned subsidiary, NOT A HOTEL DAO, will issue virtual currency and raise funds through the IEO (Initial Exchange Offering) mechanism, and will start accepting IEO applications on leading exchange operator GMO Coin from March 31st. The minimum purchase amount is 10 NAC.
BlackRock’s Spot Bitcoin ETF Sees Unprecedented $875 Million Inflows, Hinting at Further Growth Ahead
BlackRock’s spot Bitcoin ETF has emerged as a record-setting investment vehicle, attracting unprecedented inflows amidst a resurgent crypto market. This remarkable performance reflects the growing institutional interest in Bitcoin and the overall appetite for cryptocurrency assets among investors. “I said billion dollar inflows, it was NOT a joke,” asserted noted crypto trader Trading Axe, emphasizing the market’s optimistic sentiment. BlackRock’s spot Bitcoin ETF achieved record inflows of $875 million, signaling significant institutional investment and bullish market sentiments. BlackRock’s Spot Bitcoin ETF Sets Record with $875 Million Inflows On October 30, BlackRock’s spot Bitcoin ETF (IBIT) marked a significant milestone by recording $875 million in inflows, surpassing its previous record by approximately 3%. This surge coincides with a broader uptick in the cryptocurrency market. The inflow represents the highest single-day figure since the ETF’s launch in January and signifies strong institutional demand for Bitcoin amidst growing confidence in the market’s potential. Thirteen Consecutive Days of Inflows Indicate Strong Market Momentum IBIT has now seen inflows on 13 consecutive days, totaling around $4.08 billion during this period. This sustained influx not only showcases investor confidence but also highlights BlackRock’s dominance in the cryptocurrency ETF space. While IBIT’s inflows are remarkable, other US-listed Bitcoin ETFs lag considerably, with a combined total of $21.3 million, underscoring the leadership of BlackRock in this investment category. Market Speculation Surrounding Future Inflows Market participants are speculating that the momentum may continue, potentially leading to a day with inflows exceeding $1 billion. “It is likely to be above 1B the day we break ATH for sure,” said trader Cozy The Caller, hinting at the upcoming market catalysts. Analysts are closely watching Bitcoin’s trading price of $72,410, just 1.7% away from its all-time high of $73,679 set in March. Impact of the Upcoming US Presidential Election on Bitcoin Prices Analysts believe that the upcoming United States presidential election on November 5 could serve as a significant catalyst for Bitcoin price movements. According to Pav Hundal, lead analyst at Swyftx, a potential victory for Donald Trump could induce a positive sentiment wave—referred to as a “dopamine hit”—among investors. This sentiment could potentially drive Bitcoin prices past their previous thresholds, creating a bullish environment leading up to the election. Daily Trading Volume Surpasses Expectations Additionally, BlackRock’s ETF achieved an impressive daily trading volume of $3.35 billion on October 29, marking its highest level since April 1. Bloomberg’s ETF analyst Eric Balchunas noted that this uptick confirmed the presence of “FOMO” (fear of missing out) among traders seeking to capitalize on the upward market momentum. The growing trading volume emphasizes the ETF’s attractiveness to institutional investors, further reflecting the broader interest in the cryptocurrency sector. Indicators of Broader Market Growth Moreover, analysts suggest that the combined holdings of US spot Bitcoin ETFs could soon reach a total of 1 million Bitcoin, reflecting substantial market growth and interest. As reported by COINOTAG on October 28, this increasing trend in holdings suggests a robust future for spot Bitcoin ETFs as more investors seek exposure to cryptocurrency assets. Conclusion The recent performance of BlackRock’s spot Bitcoin ETF underscores a transformative period in cryptocurrency investment, marked by record inflows and heightened trading activity. As the market prepares for potential key events, including the upcoming presidential election, the outlook for Bitcoin remains optimistic. Investors are encouraged to remain vigilant and consider the implications of market movements as they look to engage with this evolving investment landscape. In Case You Missed It: Bhutan Transfers 929 BTC to Binance Amid Uncertain Future for Its Bitcoin Holdings
Telegram Coin Notcoin (NOT) Shed 20%, but Breakout Could be Close
Telegram coin Notcoin (NOT) price has dropped 20% in value over the past 30 days, with 71% of holders now “out of the money.” As a result, Notcoin’s price remains well below its all-time high, showcasing contrasting trends among popular assets. However, this on-chain analysis suggests that NOT’s downtrend could be nearing an end, potentially easing losses for holders. Here’s how. Notcoin Selling Pressure Eases One reason Notcoin’s price decreased was the notable rise in selling pressure. However, according to IntoTheBlock, that is no longer the case, specifically due to the indications from the Coins Holding Time. Coins Holding Time shows the amount of time a cryptocurrency has been held without being sold or transacted. Typically, the higher the holding time, the stronger the chances of an uptrend. On the other hand, when the metric decreases, it means that the price is likely to fall. For Notcoin, the holding time has increased by 30% in the last seven days. If this continues, Notcoin’s price might avoid experiencing another correction. Read more: What is Notcoin (NOT)? A Guide to the Telegram-Based GameFi Token Notcoin Holding Time of Transacted Coins. Source: IntoTheBlock Another potential sign of a rebound is the Money Flow Index (MFI), a technical oscillator that combines price and volume data to gauge buying and selling pressure. When the MFI shows an upward reading, it signals an influx of buying pressure, indicating a possible price increase. Conversely, a drop in the MFI suggests heightened selling pressure, which could push the price down. Currently, the MFI for Notcoin is slowly rising, implying that buyers are stepping in. If this trend persists, it could further support the case for a price recovery. Notcoin Money Flow Index. Source: TradingView NOT Price Prediction: Falling Wedge Pattern Indicates Bullish Potential A glance at the daily chart reveals that Notcoin has formed a falling wedge pattern, a bullish reversal indicator in technical analysis. This pattern occurs when prices are moving lower but within converging trendlines, signaling a potential breakout to the upside once the asset exits the wedge. If NOT breaks above the wedge’s resistance line with strong volume, it could mark the beginning of a new upward trend. Currently, Notcoin’s price is $0.0068 and is close to rising above the resistance positioned at $0.0077. Read more: 5 Top Notcoin Wallets in 2024 Notcoin Daily Analysis. Source: TradingView Should the altcoin rise above this point, then the Telegram coin’s Notcoin price could rise by 70% and rally to $0.012. However, rejection at the resistance level could invalidate this thesis. If that happens, then NOT could slide to $0.0062.
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