Liquidity is returning to the crypto market after turmoil at the beginning of the week.
Toncoin’s premier token, Notcoin, has significantly increased in value from its lows, but traders are looking further ahead.
Notcoin Price Rises 29%, But Analyst Eyes 10X Gains
The crypto market reached a state of peak fear on Monday as traders derisked amid fears of a global recession.
However, changes in the global macroeconomic landscape have created a more favorable outlook, and now prices are rising.
Since Monday’s selloff, the Toncoin-based Play-to-Earn (P2E) game Notcoin has enjoyed notable strength.
NOT bottomed around $0.0085 on Monday, and it is now trading at $0.11. This marks a 29% increase in just four days, which has been well-received by analysts.
CryptoFayZ speculates that a massive price rally awaits NOT in the coming weeks.
The analyst published a price chart on Wednesday that forecasts some sideways action until the beginning of next week. However, following this, CryptoFayZ anticipates a move toward $0.029.
The accompanying price chart shows that NOT is trading within a descending triangle, but the analyst believes a break to the upside will ensue.
But others anticipate even more gains.
Before Monday’s flash crash, Wolfy speculated a retracement to lows of $0.09, followed by a meteoric rally to $0.11.
This marks a near 10x gain from its current price.
Given that NOT hit $0.09 and then bounced, the analyst’s prediction is proving accurate so far.
As cryptos across the board recoup Monday’s losses, market sentiment is shifting bullish.
CoinMarketCap’s Crypto Fear and Greed Index has jumped 17 points from this week’s lows, shifting from almost extreme fear to a more optimistic and neutral level.
As sentiment improves, so does the outlook for new P2E cryptos like PlayDoge.
The project is currently in its presale, enabling investors to buy in before it launches on exchanges.
Following in the footsteps of Notcoin and other P2E giants, there are high hopes for this new project.
PlayDoge Presale Raises $6M – Will It Explode Like Notcoin?
Just weeks after it launched on the open market, Notcoin reached a peak market cap of over $2 billion.
This cycle, investors are going crazy for P2E cryptos.
But another sector they love is meme coins, and PlayDoge combines the two.
PlayDoge is a P2E project inspired by the 1990s Tamagotchi game.
Tamagotchi sold over 80 million copies, and PlayDoge is looking to rekindle its hype with P2E rewards and a meme coin allure.
PlayDoge has a concept similar to the original game – users care for a virtual pet, ensuring it’s happy and healthy.
But there are a few key differences. Not least that users will earn crypto by simply playing.
It also swaps the Tamagotchi pet for a pet doge and introduces staking rewards as well.
There’s much to be excited about, and analysts are stoked.
The Cryptonews YouTube channel says PlayDoge could 100x and “make you a millionaire.”
Moreover, the analyst hailed PlayDoge’s staking feature, which allows users to generate passive income in addition to price appreciation gains.
The PlayDoge presale has gotten off to a cracking start.
But all eyes are on the incremental price hikes.
The price will rise as the presale advances, and the next increase will occur in 21 hours.
As such, those seeking the best price should act fast.
