Although Notcoin (NOT) can hardly be considered as one of the most popular crypto assets now, it has been gradually solidifying its position in the market of altcoins. Trading at $0. 008362, From the research done the Notcoin has caught a humble daily price rise, and it has been rising, not less than, 0. 02%. This stability in price reflects that is a relatively supply-demand balanced coin and remains in the focus of attention of traders and investors in the sphere of cryptocurrencies.
As at the time of writing this paper, market capitalization of Notcoin at $856. 89 million, making it rank 68th in the list of the most popular cryptocurrencies in the world. This 0. 43% increase in market capitalisation shows gradual and constant accumulation and indicates a certain level of confidence in the development of coin with time. The current market capitalization of Notcoin is considerably smaller to coins such as Bitcoin and Ethereum but a well-established mid-cap asset that is worth consideration due to its stability as opposed to high-risk gains.
Even, trading volume of Notcoin has been increased substantially till now which has 22%. This is 90% up over the 24 hours period taking the daily trading volumes to $118\. 86 million. This puts Notcoin in the 36 th position in terms of trading volume which shows the active contribution of the company in the market.
Where the industry average of volume to market capitalisation ratio was 13. This from the chart 93% is comparatively high suggesting that the market cap engaged in the circulation of the cryptocurrency is relatively high. Such a high ratio is often an indicator of a sound and very ‘flooded’ market where players can easily come in and out of the market with ease. This increase in trading volume could be due to higher activity from these retail traders, the market news, or other factors that are afloat in the trading market particularly affecting the altcoins.
Not only that, but the circulating supply of Notcoin is completely equal to the total supply at 102. 47 billion NOT, which indicates that all coins are already in some one’s pocket. What this fully distributed supply model entails is that investors and traders are dealing with what is already out in the market with no other new coins expected to be introduced to dilute it. Thus it does not have the vo/capped and fixed total token supply which could be seen as a drawback as it gives no limit for inflationary concerns over the long term in case of improper management of the project’s tokenomics.
The total fully diluted market capitalization of Notcoin as at the time of this wiki’s writing is $853. 51 million, which is almost equal to its market capitalization at the moment of writing this article. This means that current market price likely reflect the demand for the currently circulating Notcoin and further variations in the price are more likely to be influenced by the changes in demand and adoption of the product or a change in market demand as opposed to new entrants who are coming with incremental supply.
All in all, Notcoin can be described as a rather stable and even unchangeable member in the wildlife of cryptocurrencies. A stable price, backed up by high trading volume and a good market capitalization ensures that it might just be the perfect investment for those looking for something less risky within the realm of Altcoins.
The vp over the mc indicates good liquidity, something that is well preferred by traders seeking to take short-term opportunities. Nevertheless, the intended buyer should consider factors such as flexibility in the supply of the coin notably having no upper limit or; cap to its worth as an investment over time. Having established Notcoin in the middle of constantly shifting cryptocurrency environment, it could be an interesting addition to the portfolio of users, who value middle-cap altcoins with decent hold in the market.
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