Notcoin (NOT) price pumped over 38% today which makes it one of the top gainers in the crypto space. The NOT price is trading at around $0.007, with a market capitalization now exceeding $700 million.
One crypto analyst, known as ‘Hades Web3’ with over 16,000 followers on X, posted today a detailed analysis on NOT and the TON ecosystem in general. According to Hades Web3, the $TON summer season is poised to become the main narrative of 2024, with the ecosystem primed for explosive growth.
Notcoin (NOT) stands out as the biggest launch of the year and a pivotal player within the TON ecosystem. With over 13 million unique players and a market capitalization of $512 million, NOT has already established itself as a force to be reckoned with in the cryptocurrency space.
To put things into perspective, let’s compare Notcoin to other well-known meme coins:
- Dogecoin (DOGE): 4.8 million holders with a $21.8 billion market cap.
- Shiba Inu (SHIB): 1.4 million holders with a $13.6 billion market cap.
- Pepe (PEPE): 217,644 holders with a $3.61 billion market cap.
- Wifedoge (WIF): 137,399 holders with a $3.1 billion market cap.
According to Hades Web3, many investors who received Notcoin in the airdrop have sold their tokens, potentially regretting their decision in the future as the market capitalization of NOT could reach $2-5 billion. Notcoin is already listed on major exchanges like Binance, ByBit, and OKX, further contributing to its accessibility and liquidity.
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Show more +Hades Web3 expressed bullish sentiments, suggesting that Notcoin could easily see a 2-5x increase in value in the upcoming months, driven by several factors within the TON ecosystem:
- Significant investments from major players like Animoca Brands and Pantera Capital, indicating confidence in the ecosystem’s potential.
- The airdrop of 9 million NOT tokens to early users through The Open League in April, distributing tokens and raising awareness.
- The rapid growth of the ecosystem’s Total Value Locked (TVL), surging to $300 million within just two months.
Read also: Ripple Chart Analysis Points to Major Gains for XRP Against Bitcoin
All in all, the TON ecosystem and Notcoin have been of the hot stories outside meme coins at the start of this week. As this ecosystem continues to expand and attract more users, the summer of 2024 could be a pivotal period for the TON ecosystem and Notcoin’s journey.
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