Popular GameFi token Notcoin has impressed investors with its resilience today. Despite the continued consolidatory price action from Bitcoin, Notcoin rallied nearly 17% to trade as high as $0.01284, before a marginal pull-back.
Notcoin became a global phenomenon earlier this year, thanks to its popular Telegram-based tap-to-earn game. Experts believe that NOT will be one of the top-performing cryptocurrencies during the next crypto bull run.
PlayDoge is another GameFi token that has attracted the attention of smart-money investors, with many calling it one of the next crypto to explode. Some analysts are even suggesting that 20x returns could be up for grabs for early buyers.
How High Can The Notcoin Price Go In August?
Notcoin’s lack of correlation with Bitcoin is one of its most attractive features. The NOT price often rallies, irrespective of BTC’s bearish or consolidatory price action.
Just today, Notcoin rallied by over 17% before a marginal pull-back. Notably, its daily trading volume is up by nearly 136%, suggesting a high likelihood of a bullish continuation.
However, the bulls still have their work cut out for them. NOT has shown range-bound price action this month, trading between the $0.0105 support and the $0.0126 resistance. Even today, it failed to flip this resistance level, correcting back to $0.0118.
It is imperative for the Notcoin price to secure a daily close above this level or face another downside move to the lower bound.
The bulls would also look to flip its 50-day Exponential Moving Average, which is currently hovering at $0.013, followed by the 50-day Simple Moving Average at $0.0136.
However, experts still believe that the GameFi token is an excellent buy at its current level, especially considering it is trading nearly 60% below its all-time high.
Despite its lack of correlation with the broader crypto sentiment, the Notcoin price should see a major boost from the bullish inflation data this week. Both today’s Consumer Price Index and Tuesday’s Producer Price Index came in lower than the market’s expectations,
Combined with July’s weak jobs report and high unemployment rate, this week’s data means that the Federal Reserve has the green light to cut interest rates by 50 basis points in September, a decidedly bullish scenario for the crypto market.
Therefore, the Notcoin price could breach the aforementioned resistance levels and trade as high as $0.014 by the end of August.
Why PlayDoge is the Next Crypto to Explode?
Notcoin’s tap-to-earn game became extremely popular due to its user-friendliness and attractive rewards.
PlayDoge’s Tamagotchi-style, play-to-earn boasts the same qualities. Players get to own the iconic Doge character as their pet and earn free PLAY tokens for completing a series of classic, 2D games with it.
The Tamagotchi-style gameplay has impressed smart money investors, with some calling it the next big crypto game.
Therefore, it is no surprise that PlayDoge’s native token – PLAY – is off to a strong start in its presale, having already raised over $6 million in a few short weeks.
PLAY has attractive perks in store for the non-gamers as well. Presale buyers can stake their coins and earn attractive staking rewards, currently at an APY of 76%.
Additionally, PlayDoge is a true multi-chain meme coin and offers staking rewards on both Ethereum and BNB Smart Chain. This maximises its brand awareness among potential investors and in turn, its upside potential.
There is a reason why experts are calling PlayDoge one of the next crypto to explode. Some analysts believe that early buyers could end up netting 20x returns with PLAY.
However, interested buyers have no time to lose, considering the PlayDoge presale is in its final stage.
