Notcoin is gaining traction in the cryptocurrency market, currently ranked 79th by market cap and holding a significant position in the rapidly growing play-to-earn segment, where it stands third on Ben GCrypto's list. With a market cap of $897 million and the highest trading volume among its peers, Notcoin is demonstrating its potential for future growth.
Recent data shows a dramatic shift in whale holdings of Notcoin. As of mid-June, whale holdings plummeted to 54.17 billion coins, representing 52.17% of the total supply. This trend continued into August, with holdings dropping to 40.54 billion coins (39.6%). This sell pressure from whales significantly influenced the altcoin’s price.
However, by late September, a notable recovery began, with whale holdings increasing to 68.58 billion coins (66.91%). This re-accumulation has helped stabilize Notcoin's price, which recently showed bullish momentum, rallying nearly 40% within five days. Currently priced at $0.0090, NOT is seeing renewed interest and may be on a path to recovery.
The liquidity resurgence indicated by Notcoin's money flow suggests that investor confidence is returning, particularly as whale activity influences market dynamics. With Notcoin trading at a 76% discount from its all-time high, this could attract retail investors looking for value. The short-term price targets are set at $0.012 and $0.017, signaling potential upward movement as market conditions improve.
In summary, Notcoin's journey reflects the intricate relationship between whale activity and price action, positioning it as a compelling option in the evolving cryptocurrency landscape.
September 2024, Cryptoniteuae