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- Due to a sizable user base and high trading volume, Notcoin has risen to become the third-largest gaming coin by market cap.
- Averaging $1.5 billion in daily trading volume, Notcoin leads the gaming token market across various ecosystems.
The gaming token market has seen Notcoin (NOT) solidly establish itself as a major player. With 100% token distribution to its users, it has surged to the position of the third-biggest gaming coin by market cap very quickly and surpassed Axie Infinity.
At present, NOT outperforms other gaming tokens across many ecosystems, with an astounding daily trade volume ranging from $300 million to $1.5 billion, according to Delphi Digital.
Top Gaming Tokens: This Cycle vs. Past Cycles🔍
Fueled by a 100% token allocation to users, @thenotcoin cemented itself among the top gaming coins this cycle.
Now the 3rd largest by Mcap, $NOT averages $300M to $1.5B volume daily, leading gaming tokens across all ecosystems. pic.twitter.com/OlwOgfCNKJ
— Delphi Digital (@Delphi_Digital) June 27, 2024
Significant Token Burn
As CNF recently reported, the cryptocurrency community has been paying attention to a deliberate move by Notcoin. The platform burned $3 million worth of tokens.
The purpose of this purposeful decrease in the NOT token supply is to raise the value of the token and promote a vibrant and active gaming community at the same time. A larger plan to support Notcoin’s growing tap-to-earn gaming environment includes the burn.
Though these encouraging improvements have occurred, the price of NOT has fallen. Right now, NOT is trading at about $0.01432, down 6.51% over the last day. Many, meanwhile, view this decline as a brief hiccup in Notcoin’s otherwise upward trajectory.
Competitor Spotlight: Yescoin
An additional player is causing a stir in the larger gaming token scene. A gaming token linked with Telegram called Yescoin has drawn in more than 18 million gamers globally. The enormous user base of the game attests to its appeal and the potential for expansion in the gaming token market.
Remarkably, Yescoin has teamed with TON, indicating the impending launch of its native cryptocurrency, YES. With this collaboration, the game should become even more appealing to players and be adopted more widely.
