Notcoin (NOT) achieved a noteworthy milestone by swiftly climbing into the top 10 cryptocurrencies in terms of daily trading volume following its listing on major centralized exchanges on May 16.
Within a mere 24 hours, NOT surged to the eighth position, boasting a remarkable trading volume surpassing $1.4 billion. Despite experiencing an initial price decline from $0.02156 to $0.006618, it continues to be actively traded on prominent platforms like Binance and OKX.
Notcoin Entered The Top 10
Notcoin's market valuation jumped to $1 billion in just 10 minutes after its official introduction. It is presently valued at $697 million, ranking NOT 107th among the greatest cryptocurrency assets. The trading volume for the game project's token has hit $1.4 billion, making it the sixth most traded cryptocurrency in the last 24 hours.
Notcoin has outperformed competitors like Pixels (PIXEL) and Saga (SAGA). Following NOT's debut, PIXEL fell to second position, with a peak market capitalization of $730 million. In comparison, SAGA had a maximum capitalization of $684 million.
Telegram's founder, Pavel Durov, commented on the outstanding achievement.
"This incredible success story demonstrates how valuable the Telegram/TON ecosystems are to app creators. Telegram gives app developers greater freedom than any other platform, with unrivaled chances to use social interactions for viral dissemination. TON, in turn, delivers scale and flexibility to any blockchain project built on top of it," he stated.
Notcoin, a Web3 game based on the TON blockchain, debuted in January as a Telegram mini-app, drawing over 35 million players. The makers believe NOT is unique among gaming tokens, highlighting that players own 100% of the coins by default.
Notcoin (NOT) boasts a total supply exceeding 102 billion tokens. Of these, the project team has already distributed 80.2 billion tokens among community members. The remaining coins have been allocated for various purposes, including attracting new users, rewarding traders, collaborating with listing companies, and funding future development stages of the project.
Excitingly, NOT became available on major exchanges such as Binance, OKX, and Bybit as of yesterday. Additionally, interested individuals can purchase NOT directly via Telegram's Wallet, further expanding accessibility to the token.
May 2024, Cryptoniteuae