TON cryptocurrency NOTcoin Bottoms Around $0.0054 As Miners Book

Gary McFarlane

Last updated:

May 20, 2024 08:14 EDT

| 4 min read

TON cryptocurrency NOTcoin, the brainchild of co-creator Sasha Plotvinov, launched on major centralized exchanges on 16 May last week to much fanfare – where is the coin price headed next?

The price spiked briefly, which saw the token gatecrash into the top 100 crypto with a market capitalization above $1 billion. However, two hours after the start of trading the price had fallen back to $0.0062.

Since then, the price has found a floor at around $0.0054 on the Binance exchange, after touching a low of $0.0051.

However, the price action is not as bad as it looks at first glance, given that the owners of the $NOT token had acquired their stash through mining a tap-to-earn token by playing the viral clicker game on Telegram.

The mined in-game token was used to claim the $NOT coin prior to the start of trading. Five million people claimed Notcoin within the first 36 hours of trading:

Originally envisaged as a way of introducing the masses to crypto, $NOT’s game walks the newbie through hooking up a TON-compatible crypto wallet, saving the seed phrase and then getting started with the clicks.

With billions of tokens in the bank, so to speak, players took advantage of the opportunity to sell at the list price of $0.009471. Trading volume in the first 24 hours reached $1.18 billion.

TON cryptocurrency NOTcoin – from crypto experiment to half a billion dollars market capitalization.

$TON currently has a market capitalization of $574 million, ranking it 121st out the the 9,961 tokens listed on Coinmarketcap.

All of this is not too shabby for a coin that promised its players ‘probably nothing’ as part of its marketing messaging.

Plotvinov’s game wasn’t just about mindless clicking, as hypnotically pleasing as that seemed to be for some dopamine junkies, as they sought prominence on the leaderboard. Rather, the game was primarily envisaged as a way of introducing the masses to how crypto networks worked.

For instance, rewards were also earned from taking part in various campaigns, such as installing the TON Space wallet. Telegram premium users also received extra rewards for various tasks and contributions.

Such was the popularity of the clicker game, it even boosted sales of mechanical...

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