The post How Notcoin Price Could Hit $0.012, Produce $700 Million Profits appeared on BitcoinEthereumNews.com.

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 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. When they rise, it means that users are increasingly interacting with a cryptocurrency. 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 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…

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Filed under: News - @ September 28, 2024 5:21 pm