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The Notcoin price plunged 48% to trade at $0.007244 as of 10:29 a.m. EST on volume of almost $1 billion after launching on multiple exchanges.
A viral gaming token within Telegram with more than 35 million users, NOT hit a market capitalization of more than $1 billion before falling back to $816 million after being issued on The Open Network (TON) blockchain and listing on exchanges including Binance, Bybit and OKX.
It was mostly distributed by airdrop to players who had earned NOT by playing the Web3 clicker game this year. About 80 billion NOT tokens were airdropped, with the lion’s share for players.
With a maximum token supply of 102 billion, 3% was allocated to Binance Launchpool users and a 1.5% for OKX Jumpstart users.
The project has launched a staking feature to encourage airdrop participants to hold onto their tokens. Staking will be necessary for “earning extra rewards” and accessing more profitable staking pools, the developer said.
“It’s been an amazing few months,” said Sasha Plotvinov, founder of Notcoin developer Open Builders. “We’re extremely proud that Notcoin’s viral growth has introduced millions to crypto and TON’s ecosystem.”
— Notcoin Ø (@thenotcoin) May 16, 2024
Notcoin is a clicker game that was launched in late 2023 on the TON blockchain. Players ”mine” NOT tokens by tapping their screens on the Notcoin mini application in Telegram.
Notcoin Price Plunges
Notcoin launched at $0.01 with a $1 billion fully diluted volume(FDV). The price soon declined as bears took over, applying downward pressure.
NOTUSDT Chart By Tradingview.com
Despite the plunge, the bulls were resilient, stopping the bears from further profiting and pausing a strong support level. If the bulls regroup on this support zone, they could reduce the price to reclaim the $0.01 high and recover their losses.
A Viable Alternative?
For traders concerned about the direction of the Notcoin price, an attractive GameFi alternative to consider might be Mega Dice(DICE), which has already raised more than $1 million in presale.
The Mega Dice casino platform on Solana provides access to over 4,000 casino games and offers more than 50 sports and eSports betting options. Its 10,000 active players wager more than $50 million every month.
99Bitcoins, a YouTube channel with over 700k subscribers, says that DICE might surge 100X when it launches.
A Chance To Earn Passive Income
The platform plans a $2.25 million airdrop giveaway split across three seasons, offering $750,000 in rewards for each season. Investors holding DICE tokens also can benefit from incentives like extra tokens for early adopters, unique NFTs, and daily rewards linked to the casino’s performance.
$DICE presale has raised $1 MILLION! 🚀🚀
This #MillionDollarMilestone brings us closer to revolutionizing GameFi. What's coming next?👇
Next tier price: 0.075 💰
Next presale target: $2M 💰
We're implementing multiple tiered price increases, so make sure to secure your $DICE… pic.twitter.com/MDfn5lVhju
— Mega Dice Casino (@megadice) May 15, 2024
DICE tokens are priced at $0.075 each and can be bought on the official website here using SOL, ETH, or BNB. You can earn a 10% commission on all referral purchases.
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