The $NOT token, which is the foundation of the viral Telegram-based game Notcoin, has experienced a 2.7% decrease in value over the last 24 hours, currently trading at $0.0114. This marks a shift in trend for the token, which had previously seen positive price spikes that suggested potential for a significant rally. The token’s value was initially boosted by the launch of Lost Dogs: The Way, another Telegram game created in collaboration with The Open Network (TON) developers, Lost Dogs Co, and NFT trading platform Getgems. This partnership led to a 50% increase in the price of Notcoin within seven days. Subsequently, the price of Notcoin jumped by 13% from $0.0109 to $0.0123 two days ago.
Notcoin is a game hosted on Telegram that allows users to earn $NOT by tapping on a gold coin within the app. The game is supported by The Open Network and its native utility token $TON, which emerged from Telegram after the company faced legal challenges from the SEC in 2020. Players can increase their tap allowance by completing quests and engaging in community activities. Despite recent bullish price movements, Notcoin has been trading within a narrow range of $0.018 and $0.009 throughout the summer, remaining significantly below its all-time high of $0.02836. The recent decline in price has been attributed to cooling investor sentiment and market volatility following the recent crypto crash.
In addition to Notcoin, other meme coins in the market are gaining popularity among traders. The Meme Games ($MGMES) token has raised $366,600 in a presale and offers investors the opportunity to select a meme coin avatar and participate in races for a chance to win a 25% bonus on their initial purchase. With a fixed presale price of $0.00925, $MGMES is set to increase incrementally to $0.0093 over three days. Investors are encouraged to stake their tokens during the presale to benefit from a 562% APY, with staking available only on Ethereum. The project aims to attract participants by offering multiple investment opportunities and token bonuses during the presale season, coinciding with this year’s Paris Olympics and Paralympics.
While Notcoin and $NOT remain popular choices for investors, The Meme Games presale presents a potentially more profitable opportunity with a higher APY and additional incentives for participants. The game’s interactive and engaging platform, along with the chance to earn bonuses through avatar races, is appealing to traders looking for new investment opportunities in the meme coin sector. The rise of meme coins in the crypto market underscores the growing demand for gamified assets and the potential for innovative projects to attract a wide audience of investors. Participants can follow The Meme Games on social media platforms and join the presale through the official website, with incentives available for early stakers and token holders.
