NotCoin - Things don't add up... 😲 Not Crypto Token Analysis
Summary
TLDRThe video script discusses Notch coin, a cryptocurrency with significant social demand yet seemingly manipulated data. Despite high viewer engagement and subscription growth on related videos, the price has not surged as expected. The script explores the official narrative, market cap discrepancies, and the token's unique demand generation compared to other cryptocurrencies. It also delves into the tokenomics, potential centralized exchange influence, and the role of social media and community interest in shaping Notch coin's market performance.
Takeaways
- 📈 Notch coin has seen significant social demand and interest, as evidenced by high engagement on videos about it.
- 📊 Despite the high demand, the price of Notch coin has not increased substantially and has mostly moved sideways.
- 🔑 The official narrative suggests that the total value locked on the TON blockchain is rising rapidly, which could be a factor in Notch coin's valuation.
- 🏆 Notch coin's market cap is already at 2 billion, placing it at 59th among all cryptocurrencies, which is unusually large compared to other assets on the TON blockchain.
- 🤔 There is a suspicion that the market cap may be inflated, possibly due to centralized exchanges, which could be manipulating the data.
- 🌐 The demand for Notch coin is generated differently than other cryptocurrencies, with most purchases happening on the TON blockchain.
- 💡 Notch coin's tokenomics show that a large portion of tokens has been allocated to miners and vouchers, suggesting limited inflation.
- 🔗 Notch coin can be bought directly through a website, centralized exchanges like Binance, OKX, and Bybit, and decentralized exchanges like Stonei and Dust.
- 📊 The trading volume on centralized exchanges, especially in perpetual futures, is very high, indicating a strong influence on the price of Notch coin.
- 💰 There is a potential risk of centralized exchanges dumping Notch coin, which could negatively impact its price as retail interest wanes.
- 🔑 The future upside potential for Notch coin may be limited, given its already large market cap and the possibility of hidden selling pressures.
Q & A
What is the current situation with Notch coin in terms of social demand and price movement?
-There is significant social demand for Notch coin, as evidenced by the high engagement on videos about it. However, the price has not increased as much as expected, moving sideways instead of growing significantly.
What was the price of Notch coin 8 days ago when the first video was published?
-The price of Notch coin was at 1.2 when the first video was published 8 days ago.
How has the performance of the videos about Notch coin impacted the number of subscribers on the channel?
-The videos about Notch coin have performed extraordinarily well, creating more than a thousand subscribers and ranking as one of the highest in terms of subscriber growth on the channel.
What is the official narrative for the increase in Notch coin's value?
-The official narrative suggests that the increase in value is due to the rising total value locked on the TON blockchain, which has recently surpassed 400 million.
What is the current market cap of Notch coin, and how does it compare to other cryptocurrencies?
-The current market cap of Notch coin is at 2 billion, placing it at position 59 among all cryptocurrencies. It is larger than the entire Phantom blockchain and other leading DeFi ecosystems like Aave or Jupiter.
What is the difference in demand generation between Notch coin and Bonk, another cryptocurrency?
-Bonk is based on Solana and has access to potentially millions of wallets that can buy into it. Notch coin, however, is mainly purchased on the TON blockchain, which has a smaller number of wallets and a less diverse range of assets.
What is the tokenomics of Notch coin as described on its website?
-Most of the Notch coin tokens have been allocated to miners and vouchers. Only 22% is for new users and next phases, suggesting a relatively healthy token distribution with minimal inflation.
How can Notch coin be purchased according to the documentation?
-Notch coin can be purchased directly through a wallet on Telegram, via centralized exchanges like Binance, OKX, and Bybit, or through decentralized exchanges such as Stonei and Dust.
What is the annual percentage return (APR) for depositing Notch coin on Stonei?
-Depositing Notch coin on Stonei can yield an APR of 136%, paid via trading activity fees on the decentralized exchange.
What is the relationship between Notch coin and the TON blockchain?
-Notch coin is a meme coin created by the same people responsible for the TON blockchain, making it a direct product of the blockchain's creators rather than a third-party meme coin.
What is the potential impact of centralized exchanges on Notch coin's price and market cap?
-The centralized exchanges may be inflating the market cap of Notch coin, and there is a concern that they might dump the token into their order books, which could negatively affect the price as retail interest wanes.
Outlines
🤔 Market Discrepancy of Notch Coin
The video script discusses the conflicting data surrounding Notch coin, a cryptocurrency with significant social demand but seemingly manipulated data. The author's previous videos on the subject generated substantial interest, yet the price of Notch coin has not risen as expected. The official narrative attributes the coin's value to the total value locked on the TON blockchain, which has been increasing rapidly. However, the market cap of Notch coin is already at 2 billion, placing it at an unusually high rank among cryptocurrencies. The author suspects that the inflated market cap may be due to centralized exchanges and questions the legitimacy of the demand, given the low trading volume and the large discrepancy in market cap between Notch coin and the next largest token on TON. The video also mentions the tokenomics, with most tokens allocated to miners and vouchers, and the potential for airdrops, which may have attracted a large number of people to claim Notch coin.
📊 Analyzing Notch Coin's Trading Volume and Market Influence
This paragraph delves into the trading volume and market dynamics of Notch coin, highlighting the significant returns offered by decentralized exchanges like Stfi and Dust, where the annualized return can reach up to 200%. The author emphasizes the importance of understanding impermanent loss and DeFi before engaging with these platforms. The script also reveals that Notch coin was created by the same team behind TON, suggesting a deeper connection than a typical meme coin. The author speculates that the token's market cap, currently at 2 billion, may not have much room for growth, and that centralized exchanges might be manipulating the market by selling off their holdings, which could explain the lack of price appreciation despite high interest. The trading volume is primarily driven by Binance, OKX, and Bybit, with perpetual futures on Binance accounting for over 85% of the market cap turnover. The author concludes that the token's future growth may be limited by the potential for centralized exchange sell-offs and the high market cap relative to its trading volume.
Mindmap
Keywords
💡Notch coin
💡Crypto assets
💡Market cap
💡Social demand
💡Tokenomics
💡TON blockchain
💡Centralized exchanges
💡Decentralized exchanges (DEX)
💡Impermanent loss
💡Telegram channel
💡Perpetual Futures
Highlights
Notch coin is a crypto asset with conflicting data, showing both social demand and potential manipulated data.
The first video on Notch coin generated significant interest, with over 1,000 new subscribers, indicating retail interest.
Despite high social media engagement, the price of Notch coin has not grown significantly, raising questions about legitimacy.
The total value locked on the TON blockchain is rapidly increasing, suggesting a potential driver for Notch coin's value.
Notch coin's market cap is already at 2 billion, placing it at a high rank among all cryptocurrencies.
The demand for Notch coin is generated differently compared to other cryptocurrencies like Bonk, highlighting its unique position.
Notch coin's large market cap relative to other tokens on the TON blockchain suggests an inflated market cap.
Centralized exchanges may be inflating the market cap of Notch coin, which could impact its price stability.
The official narrative for Notch coin's growth is tied to the total value locked on the TON blockchain.
Notch coin's tokenomics show most tokens allocated to miners and vouchers, with a focus on new users and phases.
35 million people have mined Notch coin, indicating a large potential user base.
Notch coin can be bought via centralized exchanges like Binance, OKX, and Bybit, as well as decentralized exchanges.
Trading volume on decentralized exchanges like Stonei and Dust shows high returns, suggesting active trading.
Notch coin is a meme coin created by the same team behind the TON blockchain, adding to its credibility.
The philosophy of Notch coin is presented as a way of doing things shared by communities, not just a token.
The Telegram channel for Notch coin has nearly 8 million members, indicating significant community engagement.
Centralized exchanges likely control the market cap and potential price movements of Notch coin.
The trading volume is dominated by perpetual futures on Binance, suggesting a high level of speculative interest.
The potential for Notch coin to significantly increase in price may be limited by its current market cap and ownership distribution.
Despite high demand, there may be hidden selling by centralized exchanges that could depress the price.
Transcripts
Notch coin is one of those crypto assets
where the data is completely conflicting
on the one hand we do have a lot of
social demand for the coin we see in
Prior videos that I've published on this
channel that a lot of people clicked on
the video a lot of people subscribed so
there is retail interest on the other
hand though we also seem to have some
kind of manipulated data not all of the
growth seems to be legitimate but let's
have a look at this in detail so here's
the first video I published on not coin
at the time 8 days ago the price was at
1.2 the video performed extraordinarily
well created more than a th000
subscribers which is the fourth highest
number of any video on this channel it's
probably going to hit number three very
soon a second follow-up video also
outperformed your typical video and
still a lot of YouTube search interest
so this is very unlikely faked at the
same time though we do not see the price
increasing that much anymore how's that
possible how's it possible that so many
people search for the token and there is
so much interest when the price didn't
really grow that much when it just went
sideways recently and when it's unlikely
profit taking by the people that might
have bought over here look at this the
trading volume at the time was also
pretty low so most people have their
reference price somewhere close to the
current price people are interested
people probably buy but all of those
purchases do not increase the price
price what's going on so first of all
here's the official narrative why not
coin is going up this is the total value
locked on the ton blockchain which is
rising very rapidly recently we are
above 400 million but when we look at
the market cap of NCoin that's already
at 2 billion so across all
cryptocurrencies everywhere NCoin is
already at Place 59 it's almost as large
as the entire Phantom blockchain as a
mcoin it's already larger than Bon it's
larger than Brett it's also larger than
leading defi ecosystems like a or
Jupiter within the meme coin space with
2 billion there's only FL doat Pepe
Shinu and Dogecoin that's larger
everything else is smaller than NCoin
but here's the thing the demand for not
coin is generated very differently to
the demand of say Bonk for example right
Bon is based on Solana and there is
Thousands hundred of thousands probably
millions of Wallets on Solana that can
all buy into Bonk not coin however is
not purchased mainly on the ton
blockchain the ton blockchain sees its
total value lock increasing but the
number of wallets isn't that large and
have a look at what other assets there
are on ton there is of course tether and
there's the native token ton and then
we've got NCoin NCoin has a 2 billion
doll market cap the next token has only
69 million so for from Place three to
place four there is a
30X roughly in size discrepancy I don't
think that is normal right this is not
how things should be there is an
inflated market cap here and where does
the inflation of the market cap come
from I believe it is from the
centralized exchanges but let's start
off with the website first on not. co.in
so not coin we can see a link to the
documentation we can see a post to the
toomics and we can see the burn
mechanism there's also instruction on
how to buy this and a join button for
the telegram Channel here's the
tokenomics most of the tokens have
already been allocated to quote unquote
Miners and vouchers I'm not sure what
the vouchers are referring to but miners
were the people that initially clicked
on the website a few times and could
then claim their airdrop so there's not
too much inflation apparently because
22% is only for new users and next
phases this seems quite healthy and so
apparently there's 35 million people
that mind not coin and the vouchers I'm
not sure how much they actually had to
do maybe they just had to click one
button in telegram not even create a
wallet potentially and they got their
not coin I personally did not get any
not coins allocated I did not get any
airdrop but there's definitely some kind
of Interest right 35 million looks very
very large but as said there is natural
search Demand on social media for this
have a look at the documentation how can
this be bought of course why the wallet
on telegram directly that's option
number one but option number two is is
already via the centralized exchanges
binance okx and bybit we're going to
look at the trading volume in a second
next option are the decentralized
exchanges and we've got namely stonei
and dust here's the stonei token it did
not appreciate with all of the frenzy
with the not coin token the total value
locked of stfy though is increasing if
you decide to deposit your not coin
together with your ton coin over here
you can get an APR of
136% so this return is all paid via the
trading activity right when you're
trading on a decentralized exchange you
do pay a fee 0.2 0.3% usually and that
fee goes partially to the liquidity
providers and in the last 24 hours that
was enough activity to generate
annualized
134% on stone. now here's the total
value locked of dust and on Dust we can
get even more return more than 200% both
versus tether but also versus ton in
other words there's more trading volume
relative to the locked up capital on
Dust versus stfi before I do anything
like this make sure that you learn about
defi make sure that you learn about
impermanent loss this channel has a
premium membership and there is also a
tutorial on that topic and that's over
here impermanent loss how it impacts
returns but you can find similar videos
also for free on YouTube there's another
post on not coin by the way this meme
coin had been created by the same people
that are also responsible for ton so
this is not just a third party meme coin
this is directly a meme coin by the
creat creators of the blockchain and in
this post to be seen at t.me NCoin 511
we can see the overall philosophy of the
token not coin is not a channel it's not
the team it's not a token it's a way of
doing things shared by thousands of
communities Millions living Souls if you
want to throw away some money you can
also burn your NCoin so that would
reduce the supply who knows why people
do this potentially to hope for another
airdrop I guess and so here's the number
that might be real or might not be real
there's almost 8 million members in the
telegram channel of NCoin how many
people are actively following this I do
not know the post get a few 10,000
reactions each time there's also a
Twitter account with quite a bit of
following of course Twitter numbers can
also be manipulated at least the number
of followers not necessarily that easily
for the number of views and there are
1.8 million followers and an average
post gets around 500,000 views also so
yeah I believe that this token is
completely in the hands of the
centralized exchanges the market cap
with 2 billion is already huge and just
from that perspective there might not be
too much upside potential however the
data around the ownership of this token
by the centralized exchanges isn't that
transparent so we can't really know
whether or not the centralized exchanges
are going to dump the token into their
order books I believe the dumpage is
probably somewhat slowed down right now
right you don't want to crash the price
when you still holding that much
especially when there's so much retail
interest in this right now however as
the interest slows down if the price
can't appreciate more and this normally
happens right when the price doesn't
move anywhere interest tends to slow
down once the interest slows down then
probably centralized exchanges are going
to dump this as well the trading volume
is dominated by binance okx and bybit
and especially the Perpetual Futures so
the bets on the price are dominated by
binance more than 85% of the market cap
changed hand in the lever Perpetual
Futures on binance but we've also got a
lot of action on okx so it's unlikely
that this token will make another 20x
with another 10x the market cap would be
at around 20 billion and at that size it
would rival Dogecoin it would enter the
top 10 it would then even be larger than
ton coin itself which is unlikely going
to happen so there is an upper price
ceiling here fortunately there is very
constant very high demand unfortunately
I believe there is hidden selling in the
background probably by the centralized
exchanges that depressed the price that
much search volume with a price
development that's rather lackluster
it's not necessarily a combination that
makes too much sense longterm especially
given that the r wasn't really that
massive it was a 4X right people don't
necessarily exit an asset after a 4X
especially considering that there was
very little trading volume at the time
so most people have their reference
price around the current price I do
publish videos on not coin and on ton
coin regularly on this channel so feel
free to subscribe for the next video
feel free to also give this a like it
helps the channel grow if you've got
telegram which I strongly hope since
you're interested in NCoin feel free to
join us there is a free telegram channel
the link is down below looking very much
forward to chatting with you
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