CoinWorld.com reports:
Notcoin (NOT) is challenging gravity in the currently struggling market.
While most cryptocurrencies have experienced losses, NOT has risen 27% in the past week, attracting the attention of investors.
This rebound comes as another player in the crypto gaming space, PlayDoge (PLAY), surpassed the $5.5 million mark during its ICO phase.
Notcoin’s impressive comeback has taken investors by surprise.
Notcoin is impressively making a comeback.
After a difficult period, NOT has experienced a significant rebound and is currently trading at around $0.0169.
This is a 27% increase compared to last Monday.
If you closely observe the trend since the low point on Friday, we will see a significant surge of 83%.
The weekend was particularly good for NOT, with a substantial increase in token prices.
Now, it is aiming for a third consecutive green closing, a feat not seen since the last week of May.
But what is impressive is not only the price of Notcoin.
The spot trading volume reached $1.1 billion in the past 24 hours, making it the ninth largest cryptocurrency by trading volume.
Notcoin’s market cap has also returned to $1.7 billion.
Bullish market participants have an exciting idea: if the price rises by another 74%, it will not return to the historical high point of early June.
Just a few days ago, this seemed impossible.
Ultimately, this is another example of the rapid pace of cryptocurrency wealth change.
Why is the cryptocurrency market in deficit?
Considering the current bear market, Notcoin’s rebound is even more impressive.
While NOT has been surging, most other cryptocurrencies have been in the red.
The overall market has been hit hard, primarily due to triple blows from economic uncertainty, ETF outflows, and unexpected actions in Germany.
Investors are in a state of tension, with concerns about US inflation and interest rates keeping everyone on edge.
What worries investors even more is that Bitcoin exchange-traded funds have seen more capital outflows.
Traders seem to be acting cautiously, reducing their exposure to BTC.
In addition, Germany has been selling part of its Bitcoin reserves.
Over the weekend, addresses associated with German authorities sent over $40 million to another address.
Blockchain detectives speculate that this may be a sign of the government preparing to sell its Bitcoin holdings.
However, despite all this, Notcoin has continued to flourish.
This reminds us that unexpected things can happen in the cryptocurrency market.
Is this the next Notcoin? PlayDoge ICO reaches $5.5 million, nostalgic P2E game generates excitement
Speaking of projects that are going against the trend, let’s talk about PlayDoge.
Despite the bleak market outlook, this new company has been taking action during the ICO phase, raising over $5.5 million.
The creators of PlayDoge are tapping into nostalgia with their retro-style P2E game.
This game allows players to take care of virtual pets, much like Tamagotchis from the 90s.
But players will receive real cryptocurrency rewards, not just satisfaction.
These rewards are distributed in the form of PLAY (PlayDoge’s native BEP-20 token).
In addition to the P2E game, PlayDoge also offers betting opportunities with an estimated annual yield of 104%.
Therefore, theoretically, players can increase their income by playing PlayDoge games and then staking their PLAY tokens.
This is a smart way to engage players and invest in the ecosystem.
What is interesting about Notcoin and PlayDoge is that they are able to generate excitement in a struggling market.
They are proving that projects with strong communities can still thrive even in pessimistic conditions.
PlayDoge certainly has this – with over 9,400 people active in the official Telegram channel.
Of course, since PlayDoge has not yet been listed on the public market, it is impossible to know how it will perform once trading begins.
But if there are any early signs of hype, PlayDoge is poised for an exciting debut.
Visit PlayDoge presale
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