Notcoin (NOT), a cryptocurrency built on Telegram, has experienced a remarkable rally, with its value increasing by more than 350% this week. Over the weekend, while the broader cryptocurrency market remained steady, Notcoin's price soared another 40% on Sunday, achieving a record high of $0.027. At the time of writing, NOT is valued at $0.02373, boasting a market capitalization of $2.439 billion.

Notcoin Transaction Volumes Explode

During this impressive rally, Notcoin's daily transaction volumes have surged by 220%, surpassing $4.5 billion. This makes it the fourth most-traded cryptocurrency in the market. Analysts credit this surge to Notcoin's successful integration with Telegram’s large user base. Although the recent airdrop initially received a lukewarm response, it has since gained positive momentum, reflecting in the token's price increase.

Network Growth and User Engagement

The rapid increase in Notcoin network transactions is a sign of its growing popularity. The platform allows users to earn NOT tokens by playing simple games and completing tasks. Recently, Notcoin introduced “earnings missions,” enabling users to accumulate tokens passively, which has significantly boosted user engagement.

Play-to-Earn Trend and Market Projections

With its easy gameplay and social media integration, Notcoin is well-positioned to take advantage of the rising play-to-earn trend. Market analysts are optimistic, predicting that Notcoin's price could potentially rise to $0.1.

Whale Activity and Future Prospects

Lookonchain, an on-chain data provider, has noted a significant price surge of more than 400% for Notcoin over the past week. A major investor, or whale, has an unrealized profit of $862,000 from purchasing 46.4 billion $wNOT, later converting them into 46.4 million $NOT on May 21.

As long as the excitement around Telegram's mini apps continues, Notcoin's bullish trend is expected to persist, driving its price to new heights.