Notcoin value collapses after airdrop, rally over?

The price of Notcoin (NOT) collapsed after the end of the airdrop claim period. This has raised concerns among some investors that Notcoin’s rally may finally run out of steam.

Notcoin Slumps 27% as Airdrop Hype Fades

The Notcoin airdrop officially ended on Sunday, after a month-long window in which investors had the opportunity to claim their allocated NOT tokens. And since then the value of NOT has collapsed. NOT is now trading around the $0.015 level, which represents a 23% drop after the complaint was closed.

However, NOT is down nearly 27% from Saturday’s peak of $0.021.

This marks Notcoin’s lowest price in a week, erasing a good portion of the gains made last Thursday and Friday.

So why is the NOT token price decreasing?

The main reason is the selling pressure from airdrop participants.

Many participants likely sold their NOT tokens after claiming them, causing the price to drop.

Additionally, the airdrop created a lot of hype and media attention for Notcoin, and now that it’s over, some of that hype has faded.

This has led to a decline in buying interest from investors.

Reduced investor interest is evidenced by spot trading volumes for NOT falling below $780 million in the past day.

Is Notcoin’s Roadmap Enough to Restore Momentum?

While Notcoin’s slide is concerning, it may be too early to declare the token’s rally over.

Of course, the meme coin market is going through a difficult period.

However, the Notcoin team has bigger ambitions that could give the token lasting power.

Notcoin appears to be moving towards an “explore to earn” model that motivates users to engage with the broader TON ecosystem.

Instead of being tied to a single game, Notcoin could become a reward token earned across various TON services and apps.

This expanded utility could then stimulate demand.

Notcoin’s roadmap also includes plans to launch more staking opportunities.

Staking would give holders a reason to buy and hold more tokens for the long term.

There has even been talk of an ecosystem fund to develop new games based on Notcoin.

Putting all these plans into action won’t be easy.

The Notcoin team will need to invest in marketing and strategic partnerships to turn their vision into reality.

But if NOT’s rally is over, it is definitely still too early to tell.

What newer meme coins might gather next?

Notcoin’s volatility has given investors pause, and some are looking for meme coins that could offer clearer price prospects.

One potential contender is PlayDoge (PLAY) – a new Play-to-Earn token that raised nearly $5 million in its pre-sale phase.

Why PlayDoge’s meme and P2E appeal could give it real 100x potential

Many early investors believe that PlayDoge could be the next cryptocurrency star.

Although it is a meme coin, there are some key differences that could give PlayDoge greater longevity than its competitors.

For one thing, PlayDoge is a real game with clear utility for the PLAY token.

This isn’t just a worthless meme coin that risks being pumped and dumped.

In PlayDoge, users earn PLAY tokens by actively caring for and raising their virtual pet.

It’s a simple P2E setup that could lead to real engagement and sustained demand for PLAY.

The PlayDoge team has also added additional incentives such as rewards for staking and listing on DEXs.

These staking rewards have given holders a reason to continuously hold the project during difficult market conditions.

PlayDoge then has an 8-bit style that leans into the nostalgia of old school games.

This retro design has proven popular and could give PlayDoge appeal beyond just the crypto-native audience.

Taken together, these factors suggest that PlayDoge could avoid the roller-coaster fate of so many meme coins before him.

A sustainable project supported by a real white paper, not just an attempt to get rich quick.

Of course, none of this guarantees PlayDoge’s success.

But as projects like Notcoin have shown, the right combination of hype and utility can lead to huge gains.