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TON Blockchain NOT Coins Are Up 400% Over the Last 7 Days – What’s Happening?
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TONNE blockchain is one of the quietest and fastest growing parts of the cryptocurrency industry. Some of its coins, such as NOT coin, have increased dramatically, securing a 400% gain in seven days, which shows that not all the action is taking place on Ethereum or Solana networks.
Because of its significant price increase, Notcoin is in the spotlight. In the last seven days the value of the coin has increased by more than 400%. Several factors contribute to this increase, one of which is the growing interest in whales.
One of these whales made an unrealized profit of $862,000 from the NOT coin. To acquire 46.4 billion NOT before the coin was listed on the stock exchange, this specific whale made a calculated investment of 50,550 TON, or $278,000. The initial investment produced significant returns as the value of NOT increased.
On May 21, the whale turned 46.4 billion wrapped NOTs (wNOTs) into 46.4 million NOTs. Due to the substantial profit made from holding this investment, it is clear that timely and wise investments in emerging cryptocurrencies have potential. The growing interest and trust in the TON blockchain is indicated by the volume and price of NOT coin trades movement.
The recent spike in volume on the chart indicates significant buying activity, which bodes well for future price movements. The price increase is supported by volume trends, indicating that there may be more long-term interest in the token than a simple transitory pump. Technically speaking, the chart shows a series of green candles representing multiple consecutive days of gains.
On the other hand, given the recent sharp rise, there could be a small retracement or a period of profit taking. Since these patterns can reveal information about the future price of coins, it is important to keep an eye on them.
The lower part of the relative strength index of the chart shows that the coin is approaching overbought conditions, which could cause a correction.
About the author
Arman Shirinyan
Arman Shirinyan is a trader, cryptocurrency enthusiast and SMM expert with more than four years of experience.
Arman firmly believes that cryptocurrencies and blockchain will be in constant use in the future. Currently he focuses on news, articles with in-depth analysis of crypto projects and technical analysis of cryptocurrency trading pairs.