Источник BeInCrypto.com
Заголовок $700 Million Up for Grabs as Notcoin (NOT) Price Edges Closer to Another 30% Hike
Дата 20240928

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$700 Million Up for Grabs as Notcoin (NOT) Price Edges Closer to Another 30% Hike

After notching a 30% increase, Notcoin’s (NOT) price is gearing up for an
extended rally. If achieved, many holders who are currently holding at a loss
will either hit breakeven or make gains.

On September 23, Notcoin’s price was $0.0073. However, as of this writing, the
altcoin is now $0.0094. This analysis examines the driving forces behind NOT’s
latest rally and what investors can expect as the coin attempts to build on
the bullish outlook.

Notcoin Sets Sights on New Gains

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According to BeInCrypto’s findings, Notcoin’s price rally could be attributed
to improved network activity. At press time, the number of active addresses
has increased by 35% within the last seven days.

Active addresses serve as a good indicator of user engagement on a blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
.
When they rise, it means that users are increasingly interacting with a
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. A decrease, on the other hand, indicates less user
participation.

Like the active addresses, zero-balance addresses also jumped. This time, it
was by 90%, indicating traction and adoption on Notcoin have reached
impressive levels. Generally, this is a bullish sign, and as such, was
critical to the way NOT’s price sustained its upswing since Monday.

Read more: How To Buy Notcoin (NOT) and Everything You Need To Know

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Notcoin Network Activity. Source: IntoTheBlock

If sustained, Notcoin’s price might also repeat another 30% increase ,
potentially taking the price to $0.012. Based on the Global In/Out of Money
(GIOM), the potential surge could send 23,848 addresses that hold over 62
billion tokens into profits.

By revealing the number of addresses making or losing money at the current
price, the GIOM can tell how much holders would make if the price hits a
certain level.

For Notcoin, these holders purchased NOT between $0.0095 and $0.012.
Therefore, if the price retests $0.012, the 62 billion tokens that are
currently out of money will be worth a little over $700 million. Notcoin GIOM.
Source: IntoTheBlock

NOT Price Prediction: Major Bounce Likely

Based on the chart below, Notcoin’s price got close to hitting $0.011 earlier
but was pulled back to $0.0094. However, the Parabolic Stop And Reverse (SAR)
shows that the uptrend might not be over.

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The Parabolic is a technical indicator used to determine the price direction
of an asset. When the dotted lines are below the price, the trend is bullish.
Conversely, if the lines are above the price, the trend is bullish, and a
notable correction could be next.

For NOT, it is the latter, suggesting that a rebound is not far away. The
Moving Average Convergence Divergence (MACD), which measures momentum, also
supports the position as the reading remains positive.

Read more: 5 Top Notcoin Wallets in 2024 Notcoin Daily Price Analysis. Source:
TradingView

Using the Fibonacci levels, Notcoin’s price could increase by another 30%
within a few weeks. In that case, the price could be $0.012. Meanwhile, the
value could decline to $0.0082 if momentum turns bearish or profit-taking from
the recent hike surges.

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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 Conditions , Privacy Policy , and
Disclaimers have been updated.

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