Notcoin Surges as Market Recovers New P2E Token Secures 6 Million in Funding
It’s been an eventful week in the cryptocurrency market, marked by sharp price declines driven by recession fears, followed by a rapid recovery the following day. This volatility has notably favored Notcoin, the tap-to-earn token operating on the TON Network. In the last 24 hours, $NOT has surged by nearly 30%, effectively reversing most of the losses it incurred since the previous Monday.
While the rise of Notcoin is certainly noteworthy, it isn’t the only gaming token capturing attention today. The new play-to-earn game, PlayDoge, is currently experiencing a hot presale and is on the brink of surpassing the $6 million milestone in its Initial Coin Offering (ICO).
Let’s take a closer look at the developments within the crypto gaming landscape.
**Notcoin Recovers Losses with a 30% Surge, Propelling TON Tokens Higher**
Among all large-cap cryptocurrencies, Notcoin has recorded some of the most significant gains in the past 24 hours of trading. It is leading the TON Network ecosystem by a considerable margin—while $TON has risen by only 8%, gaming counterpart JetTon Games has gained 9%, and meme coin Resistance Dog has seen a 24% increase.
The recent uptick in $NOT’s price was fueled by an impressive trading volume of nearly $550 million, indicating a substantial influx of demand as traders flocked to the token. This figure is more than double the average weekly volume of just over $200 million.
Although trading volume has decreased to $380 million, $NOT still possesses considerable potential for further growth. Currently, the token is priced at $0.01245, which is over 25% lower than the levels it maintained throughout July. Despite the price fluctuations, momentum indicators suggest that $NOT may have more upward movement ahead.
Additionally, Notcoin has a compelling positive catalyst: the recent launch of Notcoin Games, a platform that allows developers to create viral games for Telegram in collaboration with Notcoin.
**Not Games ⚡️**
*New platform, new adventure, new rules.*
*Today, we are opening another chapter of this phase: Not Games. We know how to build great experiences, now we want other game builders to deliver their best to you, frens.*
— Notcoin Ø (@thenotcoin)
August 1, 2024
Notcoin might also gain from ongoing delays concerning the Hamster Kombat token airdrop, with no date announced yet. Hamster Kombat, another tap-to-earn game on Telegram, has drawn over 300 million users. However, many of those players could switch to Notcoin if the $HMSTR token isn’t released soon.
Regardless, gaming tokens on the TON Network appear to be a solid investment in the current market environment. $TON is currently down only 30% from its all-time high reached in mid-June, suggesting that this ecosystem has been less affected by the recent bearish trend compared to other major blockchains.
**PlayDoge Achieves $6M as Exciting Play-to-Earn Launch Approaches**
The gains seen in Notcoin reflect a broader strength within the crypto gaming sector, which is anticipated to reach an astounding $615 billion by the end of the decade. A significant portion of that future value may stem from the new coin currently in its ICO: PlayDoge.
PlayDoge is a meme coin developing a play-to-earn game inspired by the companion pet format popularized by Tamagotchi in the 1990s—a gaming style that has yet to be mirrored in the crypto domain, despite Tamagotchi selling over 82 million devices.
In PlayDoge, players will care for a virtual doge companion and earn $PLAY tokens as their pet grows. These tokens can be exchanged for in-game upgrades, thereby enhancing future earning potential. The game also features over 20 side quests offering $PLAY rewards, ensuring that players remain engaged.
Only players holding $PLAY tokens will be eligible for play-to-earn rewards, which has fueled significant interest in the PlayDoge presale. The presale is set to exceed the $6 million mark, positioning token sales well ahead of projections.
PlayDoge’s unique mix of play-to-earn mechanics and meme culture has drawn interest from leading crypto analysts, many of whom are optimistic about $PLAY. The Crypto Mark hailed it as the premier play-to-earn token in the crypto space, predicting it could skyrocket by 100 times or more post-launch.
Currently, early investors can acquire $PLAY at a discounted price of $0.00526 and stake their tokens to earn a whopping 78% Annual Percentage Yield (APY).
However, traders, investors, and gamers keen to secure $PLAY must act quickly—the next price jump is just under 24 hours away. Don’t miss your opportunity to get in early on what could become the most significant play-to-earn game in crypto since Notcoin’s inception.
Visit the PlayDoge Presale.