Notcoin Overtakes Shiba Inu And Raises $1 billion Investment in May
Notcoin overtakes Shiba Inu in terms of trading volume amid its growing popularity. Meanwhile, KuCoin's report showed that investments in the crypto sector in May increased noticeably thanks to the emergence of Notcoin.
Notcoin (NOT) trading volume increased significantly this week by more than 67%. This growth made it the 12th most traded crypto asset at the end of Thursday. Reaching such heights helped Notcoin overtake the Shiba Inu (SHIB) memecoin.
SHIB had a trading volume of $555.92 million during the same period, while Notcoin (NOT) had a trading volume of $926.27 million. Over the past 24 hours, Notcoin's price rose 8% to reach $0.0192, increasing its market value to $1.9 billion and making it the 51st largest cryptocurrency.
Notcoin's success has led to a surge in the number of similar mini-games on Telegram, setting a new trend in the cryptocurrency market. KuCoin's latest report showed that investments in cryptocurrencies reached $1 billion in May, thanks to the emergence of Notcoin.
According to experts, the low volatility and high market value of cryptocurrencies made investors look for alternatives such as Notcoin.
