Notcoin Price Prediction for August: What Investors Need to Know

Wednesday, 14 August 2024, 17:11

Notcoin has demonstrated significant strength in the market, rallying 17% in response to positive inflation data while remaining less affected by Bitcoin's volatility. Analysts predict Notcoin could reach up to $0.014 by the end of August, especially if it can maintain support above $0.0118. Additionally, other GameFi tokens like PlayDoge are gaining traction, with some experts anticipating potential returns of 20x for early investors.
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Notcoin Price Prediction for August: What Investors Need to Know

Introduction

Popular GameFi token Notcoin has impressed investors with its resilience today. Despite the continued consolidated price action from Bitcoin, Notcoin rallied nearly 17% to trade as high as $0.01284, before a marginal pull-back.

Current Performance

  • Notcoin's price often rallies irrespective of BTC's bearish movements.
  • Today's rally coincides with a 136% increase in daily trading volume.
  • It has shown range-bound price action, trading between $0.0105 and $0.0126.

Key Price Levels

To avoid a further downside move, it is imperative for the Notcoin price to secure a daily close above $0.0118. The bulls are also looking to flip key moving averages at $0.013 and $0.0136.

Moreover, analysts believe that the bullish inflation data could push the Notcoin price to breach resistance levels, forecasting a rise to $0.014 by the end of August.

PlayDoge: Another Crypto to Watch

PlayDoge has attracted attention due to its engaging Tamagotchi-style, play-to-earn game that allows players to own a Doge character and earn free PLAY tokens.

  1. Its presale has already raised over $6 million.
  2. PLAY is expected to deliver returns of up to 20x for early buyers.
  3. The presale is in its final stage, urging interested buyers to act quickly.

Conclusion

With strong fundamentals and growing interest in GameFi tokens, investors should closely monitor Notcoin and PlayDoge as they navigate the evolving cryptocurrency landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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