"Whoever buys NOT when the price is low really makes a profit, go up kaw kaw kot."
Unabated, the cryptocurrency Notcoin (NOT) which has steadily rallied over 400% over the past week has seen its price hit a new all-time high (ATH) of $0.029 on June 3rd yesterday.
NOT, a play-to-earn game and tokens integrated as Telegram Mini App not only managed to attract more than 30 million users on Telegram but also introduced many new users to crypto.
According to Justin Hyun, Director of Investments at TON Foundation, NOT and Telegram Mini App will be the "Trojan horse"* for the large-scale use of blockchain that can accommodate 500 million crypto users by 2028.
*something that looks attractive or desirable but is used to smuggle something hidden without the recipient realizing it
In addition to the increasing interest of retail investors via social media platforms has pushed the price of NOT to ATH, the digital asset also became the second most quoted crypto in 12 hours.
Please note that NOT listed on the Bybit crypto exchange on May 16, 2024 has become the 51st largest digital asset right after its market capitalization reached $2.3 billion in a relatively short time.
NOT also became the fifth most traded crypto reaching over $4 billion in trading volume yesterday, where it surpassed USD Coin (USDC) which had a trading volume of about $3.5 billion.
The growing social sentiment around NOT has attracted more big investors including whales to the Telegram ecosystem then to Toncoin (TON), commented crypto analyst Ali Martinez to his 64,300 followers on the X social media platform.
As of this writing, NOT price trading at $0.022 has declined slightly by 9.62% in the last 24 hours but still recorded a 181.96% climb in the last seven days.