Notcoin Surges 14% in Two Weeks, Hits $0.0028 on TON Network

The Notcoin project has grown to a viral memecoin on the TON network, backed by the vast Telegram community. The project has achieved significant milestones in its first year, including being listed by top-tier cryptocurrency exchanges such as Binance, ByBit, and OKX. This has led to more than 2.8 million on-chain holders and over $1 billion in DEX trading volume. The Notcoin team has also distributed more than $220 million to the community through the Tap-to-Earn program on Telegram messenger, with the Notcoin’s Telegram account having more than 14.5 million members.

The Notcoin (NOT) project has emerged as a top-tier memecoin in the Toncoin (TON) ecosystem in the past year. On Friday, May 16, the Notcoin community celebrated its first anniversary, marking a year of growth and community engagement. The project has seen a surge in popularity, with its price invalidating macro bearish sentiment following the recent altcoin surge. The small-cap memecoin, with a fully diluted valuation of about $286 million, surged over 14 percent in the past two weeks to trade about $0.0028 at the time of this writing.

In the four-hour timeframe, the NOT price has been trapped in a correction phase in the past week after hitting a local high of about $0.0035 earlier this week. However, the NOT price is currently retesting a breakout from an inverse head and shoulders pattern, which could form the basis for a fresh rally towards its all-time high. The short-term bullish sentiment for the NOT price will be invalidated if the memecoin breaches the support level above $0.0028 and consistently closes below the right shoulder in the coming days.

Looking ahead, the future of the NOT price remains uncertain. While the recent surge in price and the formation of an inverse head and shoulders pattern suggest a potential rally, the memecoin's price could also face challenges if it breaches the support level above $0.0028. The community's engagement and the project's milestones in its first year indicate a strong foundation for future growth, but the volatile nature of the cryptocurrency market means that the NOT price could experience significant fluctuations in the coming months.