Notcoin (NOT) has recently captured significant attention in the cryptocurrency market, experiencing a notable surge. Priced at $0.01654, NOT has seen a 7.81% increase in just one day, making it one of the top gainers. This increase underscores Notcoin’s growing appeal among investors and traders, showcasing its potential in the rapidly evolving crypto landscape.
With a market capitalization of $1,695,582,664, Notcoin ranks #50 among cryptocurrencies. This substantial market cap reflects strong investor confidence and significant capital inflows into NOT. The trading volume over the past 24 hours has also seen a significant increase, rising by 34.32% to reach $315,783,606. This surge in trading volume indicates heightened market activity and interest in NOT, contributing to its recent price appreciation.
The volume-to-market cap ratio for Notcoin stands at 17.33%. This ratio offers insight into the liquidity and trading activity of the cryptocurrency relative to its market cap. A ratio of 17.33% suggests robust trading activity, indicating that NOT is actively traded in the market.
Analyzing the supply metrics, Notcoin has a circulating supply of 102,491,027,112 tokens, which is the same as its total supply. The maximum supply is currently undefined. The fact that the circulating supply equals the total supply indicates that all tokens are already in circulation, which can impact the token’s price dynamics by providing a clear picture of its market presence.
The fully diluted market cap of Notcoin is $1,695,582,664, representing the total market value of the cryptocurrency if all tokens were in circulation. This metric provides a broader perspective on the potential market value of NOT, factoring in its total supply.
Several factors contribute to the recent surge in Notcoin’s price. One key aspect is the increasing interest in cryptocurrencies that offer unique value propositions and innovative solutions. Notcoin’s specific features and potential use cases have attracted a significant user base and increased adoption of the platform.
From an investment perspective, the 7.81% price increase in just one day presents substantial short-term gains for investors. Such rapid appreciation makes NOT an attractive asset for those seeking quick profits. However, potential investors should remain cautious of the inherent volatility in the cryptocurrency market. While the current trend is positive, market conditions can change swiftly, impacting the value of NOT.
In conclusion, Notcoin (NOT) has demonstrated remarkable performance as a top gainer in the cryptocurrency market. Its recent price increase, substantial market cap, and robust trading volume underscore the growing interest and confidence in the platform. Notcoin’s innovative approach and its potential applications position it as a significant player in the evolving crypto ecosystem. As with any investment, it’s crucial for potential investors to conduct thorough research and consider market volatility. Nonetheless, the strong market performance and unique value proposition of Notcoin make it a compelling asset in the dynamic landscape of cryptocurrency.
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