Notcoin (NOT) has seen a remarkable rise in value, climbing over 275% in just one week and hitting a new record high. Analysts suggest its integration with Telegram's large user base might be a key factor in its current success.

Over the past week, Notcoin (NOT) has experienced significant growth, which is unusual in the wider cryptocurrency market. While most of the market remained steady over the weekend, NOT continued its upward trend. On Sunday, it gained an extra 40%, reaching an all-time high of $0.027.

Though its price has since adjusted slightly, NOT was still trading at $0.02064 at the time of writing, showing a weekly increase of 277.52%.

Rising Transaction Volumes Push Notcoin to Top Ranks

Notcoin's recent surge has also led to a huge increase in its daily transaction volumes, which jumped over 185% to exceed $4.6 billion. This makes Notcoin the fourth most significant cryptocurrency in the market today.

The increasing popularity and value of Notcoin have raised questions about what is driving this growth. Analysts believe its successful integration with Telegram's vast user base is a major factor. Initially, a recent airdrop did not receive much attention, but its acceptance has grown, reflected in the rising token price.

The spike in daily transaction volumes is linked to the expansion of the Notcoin network. The platform allows users to earn NOT tokens by playing simple games and completing tasks. Notcoin also recently introduced "earnings missions" to further engage users.

Notcoin appears poised to elevate the play-to-earn (P2E) sector with its easy-to-play games and social media features. Analysts think this ongoing rally could eventually push the Notcoin price to $0.1.

Whale Activity and Market Watch

On-chain data provider Lookonchain has also reported a significant rise in Notcoin’s price, noting a 400% increase over the past week. Lookonchain revealed in a social media post that an anonymous large investor, or whale, has made an unrealized profit of $862,000 from $NOT. This investor bought 46.4 billion $wNOT for 50,550 $TON ($278,000) before $NOT was listed.

The crypto community is closely watching Notcoin’s price movements, eager to see when and how it will reach new heights.