The Notcoin price has dropped by 4% in the past 24 hours, slipping to $0.00168 as ongoing conflict in the Middle East pulls the crypto market down by 2.5% today.
NOT is now down by 22% in a week and by 37% in the last 30 days, with the tap-to-earn token suffering a huge 89% decline in the past year.
Worse still, NOT has lost 94% since reaching its current record high of $0.02836 in June of last year, with the coin experiencing a steady – and seemingly inescapable – decline since.
And with its on-chain activity effectively collapsing over the past year, the token’s long-term price prediction doesn’t look promising, with the coin potentially on course to collapse completely.
Notcoin Price Prediction: Can the NOT Price Bounce Back From 20% Weekly Drop?
Looking at Notcoin’s price chart today, we see that the token is in an oversold position, one which would normally indicate a strong rebound.
In fact, NOT’s performance in recent weeks and months has been so bad that it’s currently trading in a descending channel that’s not too far from negative prices.
Its relative strength index (purple) has touched 30 this morning, while its moving average convergence divergence (orange, blue) is also at a weak, oversold level.
Source: TradingViewIf we were talking about a normal, healthy asset, such indicators would point to a very strong rebound, yet there are serious questions about Notcoin’s long-term viability.
The token launched on May 16, 2024, as the native coin for a tap-to-earn game on the Telegram Open Network (TON).
It was initially very popular, shooting to an ATH of $0.02836 on June 2 of last year, but it has declined consistently as user numbers dried up.
If we look at the data, we see that new addresses have gone from a peak of 630,000 on May 17 to 327 yesterday, which is a 99.9% decline.
Source: IntoTheBlockSo on a fundamental, utility-focused level, Notcoin is arguably already dead, something which predicts very bad things for the Notcoin price.
Sure, we could see short- or even medium-term lifts if the wider market recovers, with the possibility of a peace deal in the Middle East potentially lifting prices across the board.
Likewise, trade deals that ease or resolve the ongoing issue with tariffs could also lift the wider market, which would mean good things for the Notcoin price.
It could potentially recover to $0.0020 or even $0.00250 in the next couple of months, yet it’s just as likely that it continues its seemingly inevitable collapse.
Layer-Two Network Solaxy Raises $57.9 Million Before Launching Today: Biggest New Coin of 2025?
Traders unconvinced by Notcoin may already be on the lookout for the next big thing, and one promising candidate in this respect is Solaxy (SOLX), a layer-two network for Solana.
Solaxy has raised an incredible $57.9 million in its presale, with the coin set to launch later today.
This figure make’s Solaxy’s presale one of the biggest in recent years, and the reason why investors are flocking to the coin is because of its solid fundamentals.
As an L2, Solaxy will provide Solana users with lower transaction fees and faster confirmation times, while also helping them to avoid the delays that can affect Solana during peak traffic.
Promisingly, the platform will roll out its own DEX and token launchpad soon after its mainnet goes live today, with the aim being to turn itself into a key ecosystem for meme tokens and DeFi.
This is a big part of the reason why its presale has done so well, with the SOLX token being necessary to pay for transaction fees.
Holders will also be able to stake it for a passive income, making it potentially a very profitable token to hold.
Time is very quickly running out, but latecomers can buy it before launch at the Solaxy website.
It costs $0.001766, but could rally soon after going live.
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