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## [TL; DR] 
A large community of Telegram users supports Notcoin.

The Money <a href="/price/<a href="/price/flow-flow" target="_blank" class="blog_inner_link">flow</a>-flow" target="_blank" class="blog_inner_<a href="/price/link-ln" target="_blank" class="blog_inner_link">link</a>">Flow</a> Index (MFI) shows that NOT has low buying pressure at the moment.

Apart from trading, NOT investors can stake the coin.

## Introduction 
Notcoin was one coin that showed much potential from the very beginning. For example, [NOT price rose by more than 60%](https://www.gate.io/price/notcoin-not "NOT price rose by more than 60%") in a single day. Within a short time the cryptocurrency was within the top 100 ranked digital currencies. Community support and its gaming features contributed much to its success story. This analysis covers various aspects that may assist investors when making investment decisions.

## NOT Market Analysis: Understanding Notcoin's Price Volatility
Despite having an impressive start [Notcoin is now facing several crypto market challenges](https://www.gate.io/learn/articles/an-introduction-to-notcoin/3094 "Notcoin is now facing several crypto market challenges") that affect its price action. To start with, NOT is a native cryptocurrency of Notcoin, a Telegram based [tap-to-earn game](https://www.gate.io/learn/articles/what-is-tap-to-earn-t2e-gaming/3879 "tap-to-earn game"). After its launch the NOT price fell significantly following the distribution of the token through an airdrop program. Nevertheless, by June the token had regained its losses after it reached an all-time high of $0.028. Sadly, its uptrend did not last long as its price dropped again, this time worse than before. For example, by 5 September its value had fallen by 78% from its peak. By that time it was trading at $0.0074. Its key resistance levels were at $0.0085 and $0.0090.

By 6 September some technical indicators showed that Notcoin Telegram was still in a strong bearish zone. For instance, the [Money Flow Index (MFI), an indicator that shows whether  an asset is in an oversold or overbought state](https://www.gate.io/learn/articles/15-best-indicators-for-crypto-price-prediction-analysis-in-2024/2603 "Money Flow Index (MFI), an indicator that shows whether  an asset is in an oversold or overbought state"), had a reading of 23.39. That reading shows that the Notcoin crypto has low buying pressure. In fact, the MFI reading was close to its lowest point as the next graph shows.
![](https://gimg2.gateimg.com/image/article/1727274103img_v3_02f2_2db3be60-6cbd-42cc-baea-f3c3341a35ix.jpg)
Notcoin Money Flow Index - TradingView.

Generally, if the MFI reading is above 80 it shows that the asset is in an overbought state. This indicates that its price may reverse downwards. On the other hand, if the reading is 20 or below it shows an oversold market condition that indicates a possibility of an upward price reversal.

At the time of writing, NOT is selling at $0.0077 after losing by 1.3% within the last 24 hours. Its price has also decreased by 28.7% within the previous 30 days, showing that it is within a very depressed market state. The current downturn started when the NOT price fell from $0.011 on 24 August to $0.009 on 25 August as the following graph indicates.
![](https://gimg2.gateimg.com/image/article/17272741412.jpg)
NOT Price Performance – Coingecko

As seen on <a href="/price/the-graph-grt" target="_blank" class="blog_inner_link"><a href="/price/the-graph-grt" target="_blank" class="blog_inner_link">the graph</a></a>, the NOT price is ranging between $0.0071 and $0.0086. 

## Key Factors Influencing Notcoin's Market Position
It is important to realize that NOT is ranked 92 based on market capitalization. Considering that it was launched in January this year, this is a big achievement. This also shows that it has strong fundamentals. First, Notcoin free-to-play game is based on the Telegram app which attracts many participants. The game is also accessible to many people since Telegram is a popular messaging application. To illustrate, at its peak Notcoin had more than 35 million users and with over six million daily active users (DAUs).

The simplicity of the game as well as its integration with Telegram makes it popular. When it was launched players would earn rewards through tapping a coin that used to appear on the screens of the users’ gadgets such as smartphones. The game and the coin are also popular because [Notcoin is built on Ton blockchain](https://www.gate.io/learn/articles/the-next-notcoin-exploring-the-addictive-top-ranked-game-catizen-on-ton/2982 "Notcoin is built on Ton blockchain"), developed by Telegram. Generally, the blockchain is scalable, secure and efficient.

The Notcoin’s unique tokenomics and method of distribution has made it a popular coin. According to the Notcoin analysis the coin has a total supply of 103 billion and an initial supply of 102,719,221,714 tokens. Also, the NOT tokens were all distributed in one day, making the process fair and transparent. Such a process helped to attract many investors.

Notcoin’s community-driven approach has also attracted many users to the game and cryptocurrency. The team included some features that promote engagement and communication within the Telegram community. Due to this, NOT has distinguished itself as a community coin and thus has received much support. As an example, Notcoin’s social presence was boosted through community engagement activities that include polls and airdrops. On 26 May when the Notcoin team announced its Airdrop Phase 1 its [trading volume](https://www.gate.io/learn/articles/what-is-trading-volume/669 "trading volume") rose by 217.43% to $544.8 million within 24 hours. More significantly, many people have been investing in Notcoin since its launch.

Apart from the internal aspects that have been driving Notcoin’s growth there are external factors that also promote its success. For example, NOT was listed on many crypto exchanges within a short period. As of now, it is listed on several leading exchanges that include Gate.io, Binance, Bybit and OKX. With this, NOT has much liquidity which reduces its crypto investment risks. High liquidity is also important for stabilizing Notcoin market volatility.

## How Investor Sentiment is Influencing NOT Price
As hinted above, the Telegram community supports different Ton blockchain based tokens. Since many people view NOT as a community token, its investors often maintain a positive <a href="/price" target="_blank" class="blog_inner_link"><a href="/price" target="_blank" class="blog_inner_link">cryptocurrency market</a></a> sentiment as they want to see the token succeed. It is the community spirit associated with the Notcoin game and NOT token that are attracting many investors.

Read also: [Notcoin & UXLINK: On-chain Data Comparison](https://www.gate.io/learn/articles/notcoin-uxlink-on-chain-data-comparison/3195 "Notcoin & UXLINK: On-chain Data Comparison")

## Is NOT a Good Investment: Risks and Opportunities 
Based on the current market analysis the future of Notcoin is bright. The people who invest in NOT may have high returns due to several reasons. First, NOT has very strong fundamentals. For example, [its ecosystem may continue to expand](https://www.gate.io/learn/articles/why-is-ton-standing-out-in-a-sheep-market/3561 "its ecosystem may continue to expand") through integrating <a href="/<a href="/web3" target="_blank" class="blog_inner_link">web3</a>" target="_blank" class="blog_inner_link">web3</a> products and services. In addition, its Notcoin Explore feature helps investors to find new products in the ecosystem. This feature incentivizes the users to engage with different projects within the TON economy.

Notcoin has introduced a staking mechanism which enables NOT holders to earn additional rewards for holding their coins. Also, the token was listed in Binance’s launch pool which enables users to earn NOT through staking <a href="/price/<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">bnb</a>-bnb" target="_blank" class="blog_inner_link">BNB</a> or FDUSD.

Despite the above opportunities there are a few risks as well. First, NOT like any other cryptocurrency face market volatility. The price swings can lead to massive drops and surges which are caused by changes in market sentiment. Second, NOT has no intrinsic utility since it does not support any crypto ecosystem or function as a means of payment on recognized ecommerce platforms or other businesses.

## Conclusion 
Notcoin is one of the cryptocurrencies that has been performing remarkably since its official launch in January 2024. The coin has the support of a large community of Telegram users. Due to its strong fundamentals the future of Notcoin is bright. Currently, NOT is listed on leading crypto exchanges that include Gate.io.



<div class="blog-details-info">
<div>Author: Mashell C., Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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A large number of investors support NOT which stabilizes its value.

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Exploring Notcoin Price: What Investors Need to Know