Notcoin Falls in Price Despite Positive Changes in the Ecosystem
Notcoin (NOT) is trading 39.19% below its all-time high reached two weeks ago.
Notcoin has dropped significantly in price after reaching an all-time high two weeks ago. Over the past 24 hours, the coin has fallen by 14%, following the rest of the cryptocurrency market. Despite this, the token has shown a 130% growth over the month.
Meanwhile, the other tokens in the TON ecosystem have performed well. The community is lost in speculation as to why the native token of the sensational Notcoin game is falling. From a technical point of view, the coin is in the overbought zone. This indicates a possible imminent reversal in price dynamics.
Some X users suggested that the price drop is due to the huge number of people willing to sell out after the project team completed the token claiming phase. However, this pressure is minor, and according to users, the coin will soon start recovering.
By the way, the Notcoin team confirmed the completion of the claiming phase. At the moment, 11.5 million users own the coin. The team added that they will soon reveal more details about the rewards for Gold and Platinum users. In addition, the developers plan to burn unclaimed tokens in the near future.
