{"id":626702,"date":"2024-06-27T20:30:46","date_gmt":"2024-06-27T20:30:46","guid":{"rendered":"https:\/\/wncen.com\/?p=626702"},"modified":"2024-06-27T14:37:06","modified_gmt":"2024-06-27T14:37:06","slug":"notcoin-burns-210-million-tokens","status":"publish","type":"post","link":"https:\/\/wncen.com\/altcoin\/notcoin-burns-210-million-tokens\/","title":{"rendered":"Telegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery"},"content":{"rendered":"

Telegram-based Notcoin (NOT)<\/span><\/a> recently carried out a token burn that paints a bullish outlook for the <\/span>crypto token\u2019s ecosystem<\/span><\/a>. This comes amid a recent price recovery for the NOT token, with fundamentals suggesting that more price surges may be imminent.\u00a0<\/span><\/p>\n

Notcoin Burns 210 Million NOT Tokens<\/h2>\n

Notcoin revealed in an X (formerly Twitter) <\/span>post<\/span><\/a> that they had just burned 210 million NOT tokens ($3 million). They noted that the <\/span>crypto token\u2019s tokenomics<\/span><\/a> is now \u201cextremely community-oriented\u201d thanks to this. They further revealed that 94.18% of Notcoins are held by 11.5 million people, including traders, miners, and stakers, among others. Meanwhile, 5.82% of Notcoin\u2019s total supply is in the treasury, which will be used for development.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Sees Rapid Accumulation Amid Price Crash, Whale Transactions Soar<\/a><\/div>\n

The token burn carried out by the team is undoubtedly bullish for <\/span>Notcoin\u2019s ecosystem<\/span><\/a>, especially if the demand for the crypto token continues to increase. Moreover, the 210 million tokens burned represent a significant supply given that Notcoin boasts a circulating supply of just over 102 billion, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

Meanwhile, as highlighted by the team, NOT is now more community-driven based on how the crypto token is evenly distributed among community members. This could further boost investors\u2019 confidence in <\/span>Notcoin and its ecosystem<\/span><\/a> since <\/span>the team<\/span><\/a> isn\u2019t greatly armed with a large percentage of the token\u2019s supply, which could cause the market to crash.\u00a0<\/span><\/p>\n

Meanwhile, Notcoin revealed that $4.2 million worth of Notcoin will be awarded as an incentive for Gold and Platinum users of Notcoin Explore. The \u2018Explore\u2019 initiative lets users earn NOT and other bonuses from projects by completing various tasks. Crypto projects can add Notcoins to the Explore pool and create a campaign involving users completing multiple tasks.\u00a0<\/span><\/p>\n

On the one hand, this is an excellent way for teams to promote their projects since NOT boasts an active player base of 40 million users. On the other hand, this initiative is another bullish fundamental for the crypto token\u2019s ecosystem as it could help increase the demand for Notcoin and ultimately drive up its value.\u00a0<\/span><\/p>\n

NOT Also Bullish From A Technical Analysis Perspective<\/h2>\n

Several crypto analysts have also analysed Notcoin, presenting a <\/span>bullish outlook<\/span><\/a> for the crypto token. <\/span>Crypto analyst Captain Faibik<\/span><\/a> recently <\/span>mentioned<\/span><\/a> that Notcoin is on the verge of a \u201cmassive wedge upside breakout.\u201d From the chart he shared, Notcoin could rise to as high as $0.03 when it successfully breaks out from its current price levels.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Crash Not Done: CoinShares Analyst Predicts \u2018True Correction\u2019 Amid Outflows<\/a><\/div>\n
\"Notcoin
Source: X<\/figcaption><\/figure>\n
\"Notcoin
Source: X<\/figcaption><\/figure>\n

Crypto analyst Planfomo also shared a similar sentient. He <\/span>stated<\/span><\/a> he is getting more confirmation that the <\/span>bullish falling wedge pattern<\/span><\/a> on Notcoin\u2019s chart could play out. His chart showed that <\/span>Notcoin<\/span> could eventually rise to as high as 0.038 when this breakout finally occurs. This will represent a new all-time high (ATH) for Notcoin, with its current ATH at $0.028.<\/span><\/p>\n

\"Notcoin
NOT price drops to $0.015 | Source: NOTUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Telegram-based Notcoin (NOT) recently carried out a token burn that paints a bullish outlook for the crypto token\u2019s ecosystem. This comes amid a recent price recovery for the NOT token, with fundamentals suggesting that more price surges may be imminent.\u00a0 Notcoin Burns 210 Million NOT Tokens Notcoin revealed in an X (formerly Twitter) post that they had just burned 210 million NOT tokens ($3 million). They noted that the crypto token\u2019s tokenomics is now \u201cextremely community-oriented\u201d thanks to this. They further revealed that 94.18% of Notcoins are held by 11.5 million people, including traders, miners, and stakers, among others. Meanwhile, 5.82% of Notcoin\u2019s total supply is in the treasury, which will be used for development.\u00a0 Related Reading: Dogecoin Sees Rapid Accumulation Amid Price Crash, Whale Transactions Soar The token burn carried out by the team is undoubtedly bullish for Notcoin\u2019s ecosystem, especially if the demand for the crypto token continues to increase. Moreover, the 210 million tokens burned represent a significant supply given that Notcoin boasts a circulating supply of just over 102 billion, according to data from CoinMarketCap.\u00a0 Meanwhile, as highlighted by the team, NOT is now more community-driven based on how the crypto token is evenly distributed among community members. This could further boost investors\u2019 confidence in Notcoin and its ecosystem since the team isn\u2019t greatly armed with a large percentage of the token\u2019s supply, which could cause the market to crash.\u00a0 Meanwhile, Notcoin revealed that $4.2 million worth of Notcoin will be awarded as an incentive for Gold and Platinum users of Notcoin Explore. The \u2018Explore\u2019 initiative lets users earn NOT and other bonuses from projects by completing various tasks. Crypto projects can add Notcoins to the Explore pool and create a campaign involving users completing multiple tasks.\u00a0 On the one hand, this is an excellent way for teams to promote their projects since NOT boasts an active player base of 40 million users. On the other hand, this initiative is another bullish fundamental for the crypto token\u2019s ecosystem as it could help increase the demand for Notcoin and ultimately drive up its value.\u00a0 NOT Also Bullish From A Technical Analysis Perspective Several crypto analysts have also analysed Notcoin, presenting a bullish outlook for the crypto token. Crypto analyst Captain Faibik recently mentioned that Notcoin is on the verge of a \u201cmassive wedge upside breakout.\u201d From the chart he shared, Notcoin could rise to as high as $0.03 when it successfully breaks out from its current price levels.\u00a0 Related Reading: Bitcoin Crash Not Done: CoinShares Analyst Predicts \u2018True Correction\u2019 Amid Outflows Crypto analyst Planfomo also shared a similar sentient. He stated he is getting more confirmation that the bullish falling wedge pattern on Notcoin\u2019s chart could play out. His chart showed that Notcoin could eventually rise to as high as 0.038 when this breakout finally occurs. This will represent a new all-time high (ATH) for Notcoin, with its current ATH at $0.028. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":626715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876],"tags":[92477,92661,92471,92468,92474,92473,92470,92491],"class_list":["post-626702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-not","tag-not-news","tag-not-price","tag-notcoin","tag-notcoin-news","tag-notcoin-price","tag-notusd","tag-notusdt"],"acf":[],"yoast_head":"\nTelegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery<\/title>\n<meta name=\"description\" content=\"Telegram-based Notcoin (NOT) recently carried out a token burn that paints a bullish outlook for the crypto token\u2019s ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Telegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery","url":"http:\/\/wncen.com\/altcoin\/notcoin-burns-210-million-tokens\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/altcoin\/notcoin-burns-210-million-tokens\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Notcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Notcoin.jpeg?fit=1792%2C1024"},"articleSection":"Altcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["not","not news","not price","notcoin","notcoin news","notcoin price","notusd","notusdt"],"dateCreated":"2024-06-27T20:30:46Z","datePublished":"2024-06-27T20:30:46Z","dateModified":"2024-06-27T20:30:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Telegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery\",\"url\":\"http:\\\/\\\/wncen.com\\\/altcoin\\\/notcoin-burns-210-million-tokens\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/altcoin\\\/notcoin-burns-210-million-tokens\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Notcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Notcoin.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Altcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"not\",\"not news\",\"not price\",\"notcoin\",\"notcoin news\",\"notcoin price\",\"notusd\",\"notusdt\"],\"dateCreated\":\"2024-06-27T20:30:46Z\",\"datePublished\":\"2024-06-27T20:30:46Z\",\"dateModified\":\"2024-06-27T20:30:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Notcoin.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/626702"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=626702"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/626702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/626715"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=626702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=626702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=626702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}