Notcoin’s future price after bulls changed tactics

• Notcoin, a cryptocurrency that allows users to earn money by playing games online, is the star of the show today.
• The price of NOT retreated after whales had pushed it down.

Notcoin is slowly gaining in popularity. It was actually the 79^Th At press time, the largest cryptocurrency was Bitcoin. The ranking was even higher in the segment of play-to earn, one of the fastest-growing crypto segments by 2024.

Itcoin is 3.^rd Ben GCrypto’s top 10 list of play-to-earn coin has a market capitalization of $897 Million. The coin had the most trading volume among all coins on the list. Notcoin is dominating the market and this performance shows its position.

Hence, the question – Can this performance aid in Notcoin’s native cryptocurrency’s recovery? The overall NOT trend is bearish since June. There was some relief, though short-lived, in the form of a bullish rally. It is mostly due to sell-pressure from market whales.

Notcoin’s Price Action and the Notcoin Whales

The historical data on concentration revealed that the whales’ holdings reached a record low in June of 52.17 billion coin (52.17 % of the supply). However, by 17 August they had dropped even further to 40.54 billion coin (39.6 % of supply). Whales are a major contributor to the selling pressure.

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Data also showed that whales had been reaccumulating not since mid-August. At the time of press, their balances were 68.58 trillion coins (66.91%) as at 26 September. The accumulation of coins appears to be slowing down the decline in NOT.

In the meantime, investors’ addresses have seen a dramatic drop from more than 22 billion coins mid-June down to 12 billion coins as of press time. Retail addresses fell by about 2 billion coin over the same period. Whales have had the greatest impact on altcoins’ price.

This month, the price of NOT seemed to be leveling off at $0.0071. The price of the altcoin has risen by 40% in just 5 days, demonstrating a bullish trend. At press time, altcoins were valued at $0.0090.

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The recent rise in NOT is a reflection of whale activity and very similar to the process of reaccumulation. Notcoin may see a further recovery within the next couple of weeks or even months, thanks to the return in liquidity.

Finaly, the money flow indicator showed a significant liquidity recovery so far in this month.

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Not, as of the date this was written, traded at a discount of 76% from its highest price, something that may have been viewed by some people as appealing. Retail and investor demand may be reignited by this liquidity revival, particularly from whales. The short-term target prices for NOT will be $0.012 and $0.017.