The post Notcoin (NOT) Surges 20% Amid Coinbase and Binance Listing Announcements appeared on BitcoinEthereumNews.com.

Notcoin (NOT) experienced a significant 20% price rally on Friday, June 14, standing out amidst stagnant performance from major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). The notable price surge might be linked to Coinbase’s announcement of adding Notcoin perpetual futures on its International Exchange and Coinbase Advanced following June 20. A key quote from a market analyst: “The introduction of NOT perpetual futures by Coinbase is likely driving this bullish rally,” highlights the strategic moves boosting Notcoin. Notcoin’s meteoric rise comes amidst broader market movements and strategic announcements, capturing the interest of investors and analysts alike. Expansion of Trading Options for Notcoin The crypto community witnessed a robust performance by Notcoin last week as Binance announced the expansion of its trading options for NOT. This move came shortly after the coin’s official listing on the platform in May 2024. The daily trading volume of Notcoin soared by 67%, overtaking Shiba Inu with a volume of $926.27 million. Market Performance and Future Outlook Notcoin’s weekly chart displayed a sharp increase; however, the market corrected with a 4% dip shortly afterward. As of the latest data, Notcoin trades at $0.019. Despite this correction, Notcoin’s market capitalization remains strong at $19 billion, reflecting investor confidence in its long-term potential. Comparison with Other Cryptocurrencies Notcoin’s trajectory comes at a time when other major cryptocurrencies show mixed performances. For example, Ripple’s top lawyer described the SEC’s stance as “raging,” and Shiba Inu (SHIB) burns soared by 658% recently. Despite such notable developments, Notcoin continues to draw significant attention and investment. The Influence of Gaming and User Engagement Notcoin, a gaming token with a user base exceeding 35 million, saw a dramatic 400% climb in May alone. The surge underscores the token’s widespread adoption and the growing relevance of gaming tokens in the digital economy. The…

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Filed under: News - @ June 16, 2024 6:18 pm