Notcoin Price Continues to Rise, Some Traders Think New Gaming Token PlayDoge Could See Similar Gains
Notcoin (NOT) is experiencing a bullish uptick, with a 14% pump in the past day.
This takes NOTs price up to $0.018 after a period of bearish momentum.
And some traders think the new PlayDoge (PLAY) gaming token could be next to follow suit, thanks to its retro vibes and P2E rewards.
Notcoin Sees 14% Surge as Trading Volumes Pick Up
If youre watching the market, Notcoin has likely caught your eye this week.
The meme-themed gaming coin is currently up over 8% since yesterday, continuing its rebound from Tuesdays low.
While NOT may be taking a breather now, trading sideways around the 50-period simple moving average (SMA) on the 4-hour chart, it could be forming a bull flag pattern.
That means another bullish surge could be brewing for the coin.
However, NOT still has a long way to go before reclaiming its June 2 all-time high, with another 64% rise needed to reach that level.
But the good news is Notcoins positive price action is backed by meaningful volume.
Spot trading activity for the token jumped 67% to $1.2 billion over the past day making it the 13th most traded crypto globally.
This is higher than the likes of XRP and Shiba Inu.
Ultimately, the stars are aligning for Notcoin as it continues to attract more investors.
Key Drivers Behind Notcoins Bullish Resurgence
So, whats driving this resurgence for Notcoin?
Well, a few key factors seem to be converging this week.
First, theres been a major boost for the Telegram Open Network (TON) blockchain, which Notcoin calls home.
TON has now flipped Ethereum in terms of daily active addresses a huge milestone that shines a spotlight on the budding ecosystem.
Since NOT is TONs premier meme coin, its reaping the benefits of being in the right place at the right time.
In addition, NOTs tokenomics took a bullish twist when the devs tweeted that theyd revoked their ownership privileges.
That means the supply is now capped taking future inflation fears off the table.
But the biggest catalyst has been the changing macro landscape.
With cooler inflation data rolling in and the Fed keeping interest rates the same, the appetite for riskier crypto plays has been boosted.
Notcoin is clearly benefiting from that trend.
These three factors are creating the ideal conditions to drive NOTs price higher this week.
Could Retro Gaming Token PlayDoge Outperform Notcoin After Raising $4M in Presale?
Now traders are setting their sights on whether PlayDoge, the new retro gaming token, can pull off a similar pump to Notcoin when it hits exchanges.
And some even believe PlayDoges upside potential might be much higher.
Notcoins simple premise has clearly resonated with retail investors.
But PlayDoge combines that same energy with an addictive Play-to-Earn (P2E) gameplay loop.
The gameplay revolves around raising and caring for an 8-bit Doge pet while earning PLAY tokens.
Then there are the staking rewards and other utilities packed into PlayDoges design from day one.
PlayDoge even has a clear roadmap and whitepaper detailing the development teams long-term vision for the project.
Yet, for all that utility, PlayDoge still has a meme coin vibe.
It combines the iconic Doge meme with the nostalgia of 90s games like Pokemon and Tamagotchi.
And the early presale numbers seem to indicate that investors are eager to get in on the action.
PlayDoge has already raised over $4 million in just two weeks since the presale launched.
PLAY tokens are on offer for $0.00507, but due to the presales stage-based structure, the price will increase over time.
Once the presale ends, PlayDoges team plans to list PLAY on a top-tier DEX, like PancakeSwap.
So, while Notcoin is having a bullish moment, PlayDoge could soon follow suit with its own explosive growth.
Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatos full disclaimer.
The post Notcoin Price Continues to Rise, Some Traders Think New Gaming Token PlayDoge Could See Similar Gains appeared first on CryptoPotato.
Text source: CryptoPotato
