NotCoin - Things don't add up... 😲 Not Crypto Token Analysis

Summary

The 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.