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.

Outlines

00:00

🤔 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.

05:00

📊 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.

Keywords

💡Notch coin

Notch coin is a cryptocurrency mentioned in the video script, which has been gaining social demand and attention from the public. It is central to the video's theme, as the discussion revolves around its market performance and the conflicting data surrounding it. The script mentions that despite significant interest and viewership of related videos, the price of Notch coin has not increased as expected.

💡Crypto assets

Crypto assets refer to digital or virtual assets that use cryptography for security, making them difficult to counterfeit or double-spend. In the video, Notch coin is an example of a crypto asset, and the script discusses its market dynamics and public interest, which are typical considerations when evaluating such assets.

💡Market cap

Market cap, short for market capitalization, is the total value of a company or asset, calculated by multiplying the total number of shares by the present share price. In the context of the video, Notch coin's market cap is highlighted as being unusually large compared to other tokens on the TON blockchain, indicating a potential discrepancy.

💡Social demand

Social demand refers to the level of interest or desire for a product or service within a community or society. The script notes that there is significant social demand for Notch coin, as evidenced by the number of clicks and subscriptions to videos discussing it, which is a key factor in understanding its popularity.

💡Tokenomics

Tokenomics is the study of a cryptocurrency's economic model, including its distribution, supply, and utility. The video script discusses Notch coin's tokenomics, explaining how most tokens have been allocated to miners and the implications of this allocation on the token's inflation and value.

💡TON blockchain

TON blockchain, or The Open Network blockchain, is the platform on which Notch coin operates. The script mentions the TON blockchain's total value locked and the number of wallets, which are important metrics for understanding the ecosystem in which Notch coin exists and its potential for growth.

💡Centralized exchanges

Centralized exchanges are digital platforms that facilitate the trade of cryptocurrencies and other assets. The script suggests that centralized exchanges may be manipulating the data or market cap of Notch coin, which is a critical point in the discussion about the legitimacy of its growth.

💡Decentralized exchanges (DEX)

Decentralized exchanges, or DEX, are platforms that allow peer-to-peer transactions without a central authority. The video mentions DEXs like Stonei and Dust, where Notch coin can be traded, and discusses the high returns and trading volumes associated with these platforms.

💡Impermanent loss

Impermanent loss is a term used in the context of liquidity provision in decentralized finance (DeFi), where a liquidity provider may experience a loss in value relative to holding the assets in a non-yielding account. The script advises viewers to understand impermanent loss when considering participating in DEXs, such as Stonei and Dust.

💡Telegram channel

A Telegram channel is a public or private group within the Telegram messaging app, often used for community discussions or announcements. The script mentions the Notch coin Telegram channel, which has a large number of members, indicating a strong community interest and engagement with the token.

💡Perpetual Futures

Perpetual futures are a type of financial contract that has no expiration date, allowing traders to speculate on the future price of an asset. The video script notes that a significant portion of Notch coin's trading volume comes from perpetual futures on centralized exchanges like Binance, which may influence its price movement.

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