Notcoin Drives Crypto Market Recovery with 30% Surge as Bitcoin and Ethereum Make a Comeback

The cryptocurrency market experienced a positive trend on Tuesday after a significant drop in major assets over the weekend. While Bitcoin and Ethereum are not the frontrunners in this rebound, a crypto gaming token has taken the lead.

Notcoin (NOT), the token associated with a Telegram-based game on The Open Network (TON), has emerged as the top gainer in the top 100 coins by market cap. With a 30% increase in the last 24 hours, Notcoin is currently priced slightly above $0.012. Despite this surge, the token has not fully recovered from losses in the previous week, currently showing a 0.4% decrease.

The recent spike in Notcoin’s value follows the launch of a new game called “Lost Dogs: The Way” within the Telegram mini app. This game allows players to make choices within a story event and earn in-game currency based on their decisions. Players can also receive bonuses for inviting friends and completing various tasks.

Interestingly, Notcoin stands out as the only gaming token among the top 100 cryptocurrencies to have recorded a double-digit percentage increase in the past day. Other gaming tokens like Gala Games (GALA) and Immutable (IMX) have seen more modest gains.

Notcoin’s rapid rise surpasses the growth of major assets like Bitcoin and Ethereum, which have increased by just over 3% and 2%, respectively, in the same timeframe. Gaming tokens, including Notcoin, are known for their high volatility, similar to meme coins.

Notcoin’s recent performance underscores its status as a meme coin within the TON ecosystem. The token’s value can fluctuate significantly, making it a noteworthy player in the crypto gaming space.

The article has been edited by Ryan Ozawa.