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Notcoin (NOT) Overtakes Lido DAO and Celestia, Aims for Top 50

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Notcoin’s (NOT) price rise has been more than surprising given the humble background of the token coming from a Telegram game.

However, as the crypto asset caught everyone’s attention, it even transferred some to web3 games, proving to be a boon to the industry.

Notcoin Makes It Big

Notcoin’s price nearly doubled in just 48 hours, resulting in the altcoin’s market valuation crossing the $2 billion mark. Close to hitting $2.2 billion in market cap, NOT is not too far away from becoming one of the 50 biggest crypto assets in the world.

The recent rally has already resulted in Notcoin outperforming the likes of Lido DAO (LDO), Celestia (TIA), ThorChain (RUNE), Fetch.ai (FET), and many others. Next on the list are Fantom (FTM) and BONK, surpassing which would bring NOT into the top 50 asset list.

The recent surge, however, has affected not only the asset but the entire industry. Notcoin is a web3 game on the Toncoin (TON) blockchain, so it inherently falls into the gaming tokens list.

Notcoin Close To Entering the Top 50 Asset List.
Notcoin Close To Entering the Top 50 Asset List. Source: CoinMarketCap

Consequently, as the altcoin rose, it dragged the attention of investors and gamers towards other web3 games and tokens. As a result, the total market cap of all gaming tokens increased by 4.5% to $30 billion.

This rising interest also served as a boon to the liquidity of gaming tokens as trading volume surged by 95% in 24 hours.

At the time of writing, Notcoin (NOT) is the third biggest gaming token in the world. The only ones ahead of it are ImmutableX (IMX) and Floki, while the likes of Axie Infinity (AXS) sit in the sixth position.

Read More: Crypto Gaming: What Is It and How Does It Work?

web3 Gaming Tokens Market Cap and TRading Volume.
Web3 Gaming Tokens Market Cap and Trading Volume. Source: CoinMarketCap

Thus, if Notcoin continues to witness the interest of the investors, it could also shed some limelight on other gaming tokens. This may reignite the web3 gaming hype.

NOT Price Prediction: Another Al-Time High Likely

Notcoin’s price has already gained almost 100% in the last two days, bringing it up from $0.011 to $0.021 at the time of writing. The altcoin even marked a new all-time high of $0.029 yesterday, making it the first since the asset’s launch on May 16.

While NOT may not seem to be on the path of a new all-time high at the time of writing, it could pick up the pace soon. This is because the altcoin is close to entering the top 50 assets, which is a major milestone that may push the price higher.

As a result, Notcoin’s price could rise to $0.030 or more.

Read More: What Are Telegram Bot Coins?

Notcoin Price Analysis.
Notcoin Price Analysis. Source: TradingView

However, NOT holders may see this as an opportunity to cash out and secure their gains. If they do so, Notcoin’s price could take a hit. It could lose the support of $0.020 and fall to lows of $0.015, invalidating the bullish thesis and wiping out recent gains.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Fate Hangs on $2.00—Major Move Incoming?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
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At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Ethereum Price Weakens—Can Bulls Prevent a Major Breakdown?

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Created by industry experts and meticulously reviewed

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Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses.

  • Ethereum struggled to continue higher above the $2,000 resistance level.
  • The price is trading below $1,880 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $1,820 and $1,880 resistance levels to start a decent increase.

Ethereum Price Dips Again

Ethereum price failed to continue higher above $2,100 and started another decline, like Bitcoin. ETH declined below the $1,920 and $1,880 support levels.

It tested the $1,765 zone. A low was formed at $1,767 and the price recently attempted a fresh upward move. There was a move above the $1,800 level but the price is still below the 23.6% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low.

Ethereum price is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,880 level and the 50% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low. The first major resistance is near the $1,920 level.

Ethereum Price
Source: ETHUSD on TradingView.com

A clear move above the $1,920 resistance might send the price toward the $2,000 resistance. An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,765 zone.

A clear move below the $1,765 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,650.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,765

Major Resistance Level – $1,880



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Bitcoin Bears Tighten Grip—Where’s the Next Support?

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Bitcoin price started another decline below the $85,000 zone. BTC is now consolidating and might struggle to recover above the $83,500 zone.

  • Bitcoin started a fresh decline below the $83,500 support zone.
  • The price is trading below $83,200 and the 100 hourly Simple moving average.
  • There is a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another decline if it stays below the $83,500 resistance zone.

Bitcoin Price Dips Further

Bitcoin price failed to remain above the $85,500 level. BTC started another decline and traded below the support area at $85,000. The bears gained strength for a move below the $83,500 support zone.

The price even declined below the $82,000 level. A low was formed at $81,586 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low.

Bitcoin price is now trading below $82,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,000 level. The first key resistance is near the $82,750 level. There is also a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair.

Bitcoin Price
Source: BTCUSD on TradingView.com

The trend line is near the 61.8% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low. The next key resistance could be $83,500. A close above the $83,500 resistance might send the price further higher. In the stated case, the price could rise and test the $84,200 resistance level. Any more gains might send the price toward the $84,800 level or even $85,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $83,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $81,800 level. The first major support is near the $81,500 level.

The next support is now near the $80,650 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $81,500, followed by $80,650.

Major Resistance Levels – $82,750 and $83,500.



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