The cryptocurrency world has been abuzz with the recent surge in the price of Notcoin (NOT), a token associated with a popular Telegram-based “tap to earn” game. This price increase coincides with the breakthrough of the TON blockchain, the platform on which Notcoin operates, reaching a new all-time high.
The Rise of Notcoin and TON
Notcoin (NOT), the token that was airdropped to users of the Telegram-based “tap to earn” game, has seen a remarkable 15% price surge on Friday, breaching the $0.20 mark. This price movement appears to defy the downtrend Notcoin had been experiencing since its previous all-time high of $0.028 on June 2.
Interestingly, the rise in Notcoin’s price is closely linked to the increasing popularity of various other Telegram-based “x to earn” games, such as Hamster Kombat and Yescoin. These games have claimed to have tens of millions of participants worldwide, though it’s unclear to what extent bots have contributed to these impressive user numbers.
The growing popularity of these Telegram-based games has had a significant impact on the activity and statistics of the TON blockchain, the platform on which Notcoin operates. According to Tonstat, the number of daily active wallets on the TON blockchain has surpassed 547,000, indicating a clear upward trajectory. However, these figures do not include Layer 2 activity and may also include bot-driven wallet activity.
TON Reaches New All-Time High
Alongside the surge in Notcoin’s price, the TON blockchain itself has reached a new all-time high, briefly trading above $8.00. This milestone comes as the Telegram-based “x to earn” games continue to gain traction, further bolstering the activity and usage of the TON ecosystem.
“The popularity of the games and the ease with which one can sign up, get a wallet, and participate in them are undoubtedly bolstering TON blockchain activity and statistics.” – The Block
While the exact number of unique users engaging with these Telegram-based games remains unclear, the sheer volume of daily active wallets on the TON blockchain suggests a significant level of interest and participation in the ecosystem.
Conclusion
The Telegram game Notcoin has experienced a remarkable price surge of over 15%, coinciding with the TON blockchain reaching a new all-time high. This price movement is closely tied to the growing popularity of various “x to earn” games on the Telegram platform, which have captivated the attention of cryptocurrency enthusiasts worldwide. As the TON ecosystem continues to evolve, the implications of this trend on the broader cryptocurrency market remain to be seen.
