Crypto is making a comeback, and some unexpected players are stealing the show.
Notcoin (NOT) is on a tear, blowing past the competition in the past 24 hours.
And another meme coin called PlayDoge (PLAY) is also doing well – raking in over $6 million during its presale as investors scramble to get involved early.
Notcoin Price Rallies After Dramatic Dip
Notcoin has been on a wild ride in the past day.
After plummeting yesterday, NOT has staged a dramatic comeback – surging over 30% from its low point and securing the number six spot on CoinMarketCap’s top gainers list.
NOT is currently trading around $0.0111, showing signs of erasing yesterday’s losses entirely.
However, the coin has just reached the 50-day EMA on the 4-hour chart.
This key technical indicator could act as resistance, pushing the price back down, or it could serve as a springboard for further bullishness.
If NOT manages to break this EMA, traders will be watching $0.0133 – a previous level where the price was rejected.
Adding to the excitement around Notcoin is the surge in open interest.
Open interest has risen 24% in the past 24 hours to $111 million.
Such an increase suggests that “big money” is entering the market, potentially positioning themselves for NOT’s next leg up.
Crypto Market Rebounds, But Investors Remain Cautious
The crypto market is recovering from a weekend that left many investors biting their nails.
It was a slow-motion train wreck as Bitcoin dipped to the $50,000 level, dragging the rest of the market down with it.
But as investors often say – what goes down must come up.
Bitcoin has recovered well, climbing back up to the $55,000 range and giving the signal for other coins to follow suit.
And now, the overall market seems to be regaining its footing.
According to CoinGecko data, the crypto market cap is back above $2 trillion, a 6% increase from yesterday’s figure.
Spot trading volumes also topped $200 billion in the past day.
Almost all major altcoins have posted gains, with Ethereum and Solana leading the way.
However, investors aren’t breaking out the champagne just yet.
While the bounce is a welcome relief, the market is still on edge.
Investors are still concerned about a US recession, stock market jitters, and the possibility of a massive government Bitcoin sell-off.
As such, the next few days will likely determine if this is a genuine recovery or just a temporary rebound.
PlayDoge Presale Raises $6M as Buzz Around Retro P2E Game Ramps Up
Meme coins are also back in the spotlight, and PlayDoge is cashing in.
This new P2E project just hit $6 million in presale funding, proving that investors still love these joke tokens.
PlayDoge offers a clever concept: a blockchain-based Tamagotchi game starring the popular Shiba Inu character.
Players must feed, train, and care for their “Doge” – earning PLAY tokens for their efforts.
It’s a nod to the ‘90s but with a modern twist.
And the timing couldn’t be better for PlayDoge.
With the market rebounding and renewed interest in meme coins, investors seem eager to find the next breakout star.
Adding to PlayDoge’s appeal is its attractive staking APYs, currently set at 78% per year.
This means there are two ways to earn crypto in PlayDoge’s ecosystem.
YouTube influencers are also getting involved, with The Crypto Mark saying it could be the “best P2E game in crypto.”
It’s a bold claim, but the millions of dollars raised speaks for itself.
Ultimately, whether PlayDoge lives up to the hype remains to be seen, but one thing is clear: investors’ hunger for new meme coins hasn’t gone away.
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