Notcoin (NOT) Shatters Records With a 600% Price Rally Since Launch

Recently launched Notcoin (NOT) has shattered records multiple records since the token was launched. With its explosive increase in value, Notcoin

input: A new cryptocurrency, Notcoin (NOT), has broken several records since its launch. The Telegram-based coin has seen its daily trading volume explode to reach an astonishing $4.54 billion, surpassing even more established competitors like Solana and BNB in the process.

Launched just a month ago, Notcoin has quickly captured the attention of investors with its impressive performance. The coin's daily transaction volume has been one of its most striking features, with NOT quickly surging to place fourth in the market, trailing only industry heavyweights USDT, Ethereum, and Bitcoin.

This spike in activity has drawn attention to the new crypto asset, with the rising volume also generating optimism for the future of the coin.

Several factors have been credited for Notcoin's rapid rise. Notably, the token has benefited from its seamless integration with Telegram's vast user base. This synergy has played a crucial role in generating interest and driving up the coin's price.

Notcoin's ascent to its all-time high appears to be largely driven by increasing retail interest via social media channels. According to a June 3 X post by Alphascan, not quite two weeks after its introduction, Notcoin was the second-most referenced cryptocurrency in the 12-hour period.

Is Notcoin Price Rally an Aftermath of Successful Launch?

A digital asset's successful launch is usually linked to its good performance. This, which was evident with the launch of Bitcoin ETFs as well, can be seen in Notcoin's current price moves as well.

Since its May 16 introduction, Notcoin (NOT) has experienced a 600% price rally driven by greater market liquidity and investor activity as a result of its listing on Binance and OKX. Notcoin entered the top 10 cryptocurrencies in daily trading volume within 24 hours of the listing.

As the accompanying data illustrates, within 24 hours of its launch, Notcoin generated almost $1.2 billion in trading volume. This incredible accomplishment indicates a significant demand for the cryptocurrency asset, as evidenced by the rapid rise in trading volume, which on May 16 caused the price to rise 600% parabolically, moving from $0.001 to $0.0099, with a peak market value of $715.7 million.

The successful launch was also followed by a continuous uptick in trading volume. Just a few days after the launch, according to May 19 data, Notcoin's market capitalization hovered around $578 million, with a 24-hour trading volume of $214.7 million. This results in a 37% TVMC (trading volume to market capitalization) ratio. A larger trading volume to market cap ratio suggests that trading activity is substantial in relation to the market cap. If buying demand is driving the market, this indicates strong investor interest. On the other hand, it may be negative if the large trading volume is the result of selling pressure.output: A new cryptocurrency, Notcoin (NOT), has broken several records since its launch. The Telegram-based coin has seen its daily trading volume explode to reach an astonishing $4.54 billion, surpassing even more established competitors like Solana and BNB in the process.

Launched just a month ago, Notcoin has quickly captured the attention of investors with its impressive performance. The coin's daily transaction volume has been one of its most striking features, with NOT quickly surging to place fourth in the market, trailing only industry heavyweights USDT, Ethereum, and Bitcoin.

This spike in activity has drawn attention to the new crypto asset, with the rising volume also generating optimism for the future of the coin.

Several factors have been credited for Notcoin's rapid rise. Notably, the token has benefited from its seamless integration with Telegram's vast user base. This synergy has played a crucial role in generating interest and driving up the coin's price.

Notcoin's ascent to its all-time high appears to be largely driven by increasing retail interest via social media channels. According to a June 3 X post by Alphascan, not quite two weeks after its introduction, Notcoin was the second-most referenced cryptocurrency in the 12-hour period.

Is Notcoin Price Rally an Aftermath of Successful Launch?

A digital asset's successful launch is usually linked to its good performance. This, which was evident with the launch of Bitcoin ETFs as well, can be seen in Notcoin's current price moves as well.

Since its May 16 introduction, Notcoin (NOT) has experienced a 600% price rally driven by greater market liquidity and investor activity as a result of its listing on Binance and OKX. Notcoin entered the top 10 cryptocurrencies in daily trading volume within 24 hours of the listing.

As the accompanying data illustrates, within 24 hours of its launch,