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The Notcoin price has plummeted 55% in the past 24 hours to trade for $0.006424 as of 05:54 a.m. EST.
Despite the plunge in the NOT price, the token achieved $294 million in volume in the first hour of trading and $1.3 billion in the past 24 hours.
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NOT is a viral gaming token within Telegram that boasts over 35 million users. Following the listing, the token’s market capitalization skyrocketed past the $1 billion threshold, but retraced quickly after the token was issued on The Open Network (TON) blockchain.
It comes as token holders cashed in on early gains made after the token secured listing on multiple top-tier exchanges, including Binance. Given the NOT token was distributed through an airdrop mainly to players who had earned NOT in-game, the selloff is ascribed to them quickly disposing of their holdings.
Such a plunge after launch is typical of cryptocurrency tokens distributed in this way.
Notcoin Price Prediction
The Notcoin price is trading with a bearish bias on the five-minute timeframe amid the ongoing sell-off. The Relative Strength Index (RSI) is subdued, showing that the bulls are sitting on their hands.
The Moving Average Convergence Divergence (MACD) also remains in negative territory; showing bearish sentiment is dominating the market.
With this, the Notcoin price is likely to drop to the $0.005676 bottom before a possible recovery.
GeckoTerminal: NOT/USD 15-min chart
On the flip side, a closer look shows that the altcoin is consolidating within a falling wedge pattern. This is a bullish reversal technical formation that could send the Notcoin price on a tear upon breakout.
Traders looking to take long positions on NOT should probably wait for the Notcoin price to shatter the upper boundary of the pattern. The breakout could be confirmed by a flip of the $0.007000 psychological level into a support floor.
The profit target of a falling wedge is measured by adding the maximum distance between the upper and lower trend lines to the breakout point. This is a possible 50% rally to the $0.010427 threshold.
Meanwhile, the presale project Mega Dice (DICE) is going ballistic after raising more than $1 million in double-quick time.
Popular YouTuber Michael Wrubel, with 312k subscribers, says the token ticks all the boxes for qualities he looks for in a good presale.
Promising Alternative To Notcoin
DICE is the ticker for the Mega Dice project, an established casino business with a user base that exceeds 50,000. It boasts 10,000 active players, and monthly wagers totaling more than $50 million.
The project is the first GambleFi project on the Solana blockchain, and it’s committed to challenging the casino sector titan, Rollbit Coin. It also looks to emulate earlier presales like TG.Casino, which exploded 4x on launch.
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Mega Dice also offers investors and players a variety of rewards. These include daily rewards to holders that are based on the casino’s performance, and an airdrop with a substantial $2.25 million giveaway over three seasons.
You can also earn passive income through the platform’s staking option, with 10% of $DICE’s total 420 million tokens allocated as staking rewards.
Limited edition NFTs that grant players special privileges and additional rewards will also be sent to randomly selected users on the platform.
Anyone who buys into DICE during its current ICO phase will stand the chance to receive early bird bonuses as well.
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If you are interested, buy Mega Dice soon for $0.075 per token before its next price hike.
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Also Read:
- Michael Wrubel’s Insights on Mega Dice Crypto Presale – Why He is Bullish on the GameFi Token?
- Mega Dice Presale Has Already Attracted Half a Million – Top GameFi Crypto on Solana?
- Solana’s Hottest New GambleFi Presale Mega Dice Has Already Blasted Past $500,000 In First Week
- What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!
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- Established Crypto Betting Brand
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