Market Rebound Boosts Notcoin Price 6m Raised by Novel P2E Token
It’s been an eventful week in the cryptocurrency market, with prices plummeting due to recession fears, only to rebound sharply the very next day. This volatility has notably benefited Notcoin, the tap-to-earn token on the TON Network, which has surged nearly 30% in the last 24 hours, effectively reversing most of its losses from the previous Monday.
While Notcoin’s performance is impressive, it is not the only gaming token making waves today. PlayDoge, an emerging play-to-earn game currently enjoying a hot presale, is on the brink of surpassing the $6 million mark in its initial coin offering (ICO).
Let’s explore the recent developments within the crypto gaming sector.
### Notcoin Recovers with a 30% Surge, Boosting TON Tokens
Among the large-cap cryptocurrencies, Notcoin has posted some of the most significant gains in the past day. It has notably propelled the TON Network ecosystem forward, with $TON gaining around 8%, compared to gaming rival JetTon Games at 9% and meme coin Resistance Dog rising by 24%.
The substantial rise in $NOT was accompanied by a trading volume of nearly $550 million, reflecting a surge in demand as traders flocked to the token. This figure is more than double the token’s average volume, which was just over $200 million last week.
Though trading volume has since tapered to $380 million, $NOT still possesses considerable upside potential. Currently trading at $0.01245, the token remains down over 25% from levels maintained throughout July. While $NOT’s price movements are notably volatile, momentum indicators suggest the token may continue its upward trajectory.
A strong positive driver for Notcoin is the recent launch of Notcoin Games, a new platform that allows other developers to create viral games for Telegram in collaboration with Notcoin.
**Not Games ⚡️**
*New platform, new adventure, new rules.*
*Today, we are opening another chapter of this phase: Not Games.*
*We know how to build great experiences; now we want other game builders to deliver their best to you, frens.*
— Notcoin Ø (@thenotcoin)
August 1, 2024
Additionally, Notcoin may gain from ongoing delays related to the Hamster Kombat token airdrop, which currently lacks a scheduled release date. Hamster Kombat, another tap-to-earn game on Telegram, has drawn over 300 million users, but many of those players might switch to Notcoin if the $HMSTR token remains unavailable for an extended period.
In any case, gaming tokens within the TON Network appear to be a solid investment in the current market environment. Notably, $TON is only 30% off its all-time high reached in mid-June, suggesting that this ecosystem has experienced a milder impact from recent bearish trends compared to other significant blockchains.
### PlayDoge Secures $6M as Exciting Play-to-Earn Launch Approaches
Notcoin’s resurgence reflects the overall strength within the crypto gaming sector, which is projected to reach an astounding $615 billion by the end of the decade. A substantial portion of this future valuation could stem from the new coin currently in ICO: PlayDoge.
PlayDoge is a meme coin developing a play-to-earn game inspired by the beloved companion pet format made popular by Tamagotchi in the 1990s. This gaming style has proven massively successful, with Tamagotchi selling over 82 million units, yet it remains largely unexplored within the crypto gaming realm.
In PlayDoge, players nurture a virtual doge companion, earning $PLAY tokens as their pet develops. These tokens can be exchanged for in-game enhancements, boosting future earning potential. Moreover, PlayDoge features more than 20 side adventures that offer $PLAY rewards, keeping the gameplay engaging.
Only those who hold $PLAY tokens will be eligible for play-to-earn rewards, significantly driving demand for the PlayDoge presale. The presale is set to exceed the $6 million milestone, far ahead of its anticipated schedule.
The unique blend of play-to-earn mechanics and meme culture has also garnered attention from leading crypto analysts, many of whom are optimistic about $PLAY. The Crypto Mark has dubbed it the best play-to-earn token in the market and forecasts a potential 100x surge or more post-launch.
Currently, early investors can purchase $PLAY at a promotional price of $0.00526, with the option to stake their tokens for an attractive 78% annual percentage yield (APY) in rewards.
However, traders, investors, and gamers interested in securing $PLAY need to act swiftly—the next price increase is less than 24 hours away. Don’t miss the opportunity to get in on what could be the most significant play-to-earn game in crypto since the launch of Notcoin.
**Visit the PlayDoge Presale**
