Countdown to Notcoin’s Binance Listing: Can NOT and TON Benefit from It?

  • Exciting News: Miners to receive 78% of NOT supply!
  • TON sees a dip of over 3.5% in price

Get ready for the launch of the highly anticipated Notcoin [NOT]! The excitement is building up in the market as we approach the launch date. Meanwhile, Toncoin [TON], previously riding the hype wave of NOT, faced a shift in its price trajectory.

Exploring Notcoin

Mark your calendars for May 16th as Binance, one of the largest cryptocurrency exchanges globally, prepares to list Notcoin for trading. It’s worth noting that while NOT is set to debut on Binance, Toncoin, the underlying blockchain token for NOT, is not listed on the platform yet.

According to Binance, NOT’s total supply will exceed 102 billion tokens. The launch will release 100% of this supply, with 3% allocated to Binance launchpool and a whopping 78% going to miners.

Additionally, 9% will be allocated to ecosystem funds, while 10% will be allocated to community incentives and development efforts.

NOT's token allocation

Source: Binance

NOT will initially be priced at $0.01, translating to a market capitalization of $1 billion. However, maintaining such high market cap levels might be overly optimistic.

According to CryptoPatel, a renowned crypto analyst, a more realistic market cap range for NOT could fall between $100 million and $300 million. Consequently, post-launch, the token’s trading value may hover between $0.001 and $0.003.

Toncoin’s Price Movement

Recently, Toncoin has witnessed fluctuations in its price trajectory. Initially benefiting from the hype surrounding Notcoin’s launch, Toncoin experienced a significant surge, climbing over 11% in seven days as per CoinMarketCap.

However, the bears took over in the last 24 hours, resulting in a 3.5% decline in TON’s value. Currently trading at $6.70 with a market cap exceeding $23 billion, TON’s market sentiment remained positive despite the price drop.

Despite the bearish sentiment, a decline in TON’s social volume was observed over the past week, signaling a shift in market dynamics.

Toncoin's social volume declinedToncoin's social volume declined

Source: Santiment

Our analysis indicates a downward trend in TON’s market movement. The Relative Strength Index (RSI) and Money Flow Index (MFI) point towards a potential further price reduction.

Source: TradingView

Explore: Toncoin [TON] Price Prediction for 2024-25

While TON faced a downturn, the gaming crypto sector thrived. The buzz surrounding NOT, being a game-based token, likely impacted this surge.

Data from CoinMarketCap showcased impressive gains in leading gaming cryptos like Immutable [IMX] and Beam [BEAM], showing spikes of over 18% in just 24 hours!

Next: Insights into Dogecoin’s Potential Journey to $0.3 – Unveiling the Price Targets for DOGE

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