Notcoin (NOT), a play-to-earn clicker game app on Telegram, has gone up over 10% since a large number of tokens were burned and a multimillion-dollar reward plan for users was put in place. NOT was selling at $0.01572 at the time of this writing, and $470 million worth of NOT was traded every day, which is 22% more than the previous day. CoinMarketCap data shows that the token’s market cap rose 10% to $1.6 billion, making it the 56th biggest cryptocurrency asset to date.
The rise in the value of NOT comes after the Notcoin team announced on X (formerly Twitter) on June 25 that $3 million worth of NOT coins would be burned. Included in the update was information about a $4.2 million plan to give Gold and Platinum NOT Explore platform users.
The burn of tokens is part of Notcoin’s larger plan to make tokenomics better and give its users more value. By lowering the total quantity, the well-known tap-to-earn project hopes to make the token scarce, which could make it more valuable and appealing.
Notcoin’s $2.5 Billion Airdrop Boosts Community Engagement
A June 26 statement that $2.5 billion in NOT tokens are being given to the NOT community is another thing that has helped the price of NOT rise recently. People say that this current airdrop is bigger than the ones that ZkSync and LayerZero did together. The team said that Notcoin’s full airdrop value was $2.5 billion at its peak, while ZkSync’s was $954 million and LayerZero’s was $323 million.
Notcoin’s recent price rise happened at the same time as a larger rise in “Tap2Earn” and other related tokens in the same industry. Right now, Hamster Kombat and Yescoin are two of the most popular choices.
One big benefit for Notcoin is that it was one of the first cryptocurrencies to work with Telegram. In the past few months, both The Open Network (TON) and NOT have grown a lot. This is because Telegram has 900 million users and is supporting cryptocurrencies more and more.
In the past three months, metrics like TON’s daily active addresses have grown by a huge amount. Notcoin is looking for ways to grow besides the Tap2Earn model, and this upward trend is likely to lead to similar patterns.
As NOT continues to grow, its creative approach to tokenomics and strategic efforts could help it stay ahead in the cryptocurrency market, which is changing very quickly. In the next few days, investors and fans will be closely watching for more changes and steady growth.
