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Cryptocurrency News Articles
Notcoin (NOT) Price Jumps 30% in a Day, Binance Leads Trading Volume
May 29, 2024 at 12:48 am
The Notcoin price rose sharply to $0.00986834 in one day before correcting to $0.009116618.
Notcoin price soared to $0.00986834 before correcting to $0.009116618
The price of Notcoin (NOT) rose sharply on May 28, reaching a high of $0.00986834 before correcting slightly to trade at $0.009116618 at the time of writing, according to data from CoinGecko.
The Notcoin price soared over 30% in 24 hours, hitting a local high. The price of NOT began to rise on May 27, when it was trading at $0.00553175 or lower.
The rapid increase in price brought NOT to levels not seen since May 16, when it was trading at $0.00968876. After reaching highs of $0.01067987 earlier in May, the price of Notcoin fell sharply.
However, the latest price surge appears to be driven by increased attention from the crypto community, especially given Notcoin’s initial design as a decentralized game where users can earn NOT coins.
The Web3 game runs on the TON blockchain, and Total Value Locked (TVL) in the chain grew by 89% in a month, even as trading volumes fell.
This uptick in TVL may correlate with increased attention towards NOT. Given its primary focus on decentralized finance (DeFi), assessing trading volumes within this sector is relevant.
Data from GeckoTerminal showed that Notcoin was present in only 10 pools across decentralized exchanges. However, the Notcoin price experienced varied changes across these platforms.
For example, on the Raydium exchange, the NOT/SOL trading pair witnessed a 3.32% decrease overnight.
The largest pool on decentralized exchanges in terms of liquidity, the NOT/WBNB pair on Pancakeswap V2 (BSC), saw a 0.83% price decline.
On the other hand, substantial growth was observed in pools offering trading pairs with Wrapped Binance Coin (WBNB) or BNB Chain.
For instance, the NOT/WBNB pair on Biswap V2 saw a remarkable 125.28% increase overnight.
A similar trend was noted in the NOT/BSW trading pair on BNB Chain, with the price surging by 126.96% in a day. This exchange also operates as Biswap V2.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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