Market expert Michaël van de Poppe has made a bold prediction, stating that altcoins like Notcoin (NOT) could experience a surge of 2-5 times their current value against Bitcoin (BTC). This forecast comes as the altcoin market continues to gain momentum and attract investor interest.
Van de Poppe, an experienced market analyst, has emphasized the potential growth of altcoins, with a specific focus on Notcoin (NOT). He believes that altcoins, including NOT, have a strong chance of performing exceptionally well and achieving significant gains against Bitcoin in the coming months.
The optimism surrounding Notcoin is fueled by its active market activity and volatility. Van de Poppe’s comments reflect the growing interest in altcoins and suggest a promising trend for investors in this market.
Another analyst, Rekt Capital, has noted that the Altcoin Market Cap is on track to achieve its highest weekly close since early April 2024. This aligns perfectly with the market watcher’s Ultimate Altcoin Market Cap Game Plan that was outlined months ago.
Currently, Notcoin is trading at $0.023676, with a 24-hour trading volume of $2,207,341,547. Over the past 24 hours, the cryptocurrency has seen a 3.22% increase in value. Notcoin is currently ranked 49th on CoinMarketCap’s list of largest assets, with a market cap of $2.4 billion.
A comparative performance chart highlights the contrasting behaviors of Notcoin (NOT) and Bitcoin (BTC) from May 17 to June 4. While BTC remained relatively stable with minimal fluctuations around the 0.00% mark, NOT exhibited significant volatility.
Initially, NOT fluctuated around 0.00%, experienced a notable dip below -5.00%, and then began a significant rise around May 30, reaching above 15.00% by June 1. Although it declined afterward, it remained above the 5.00% mark by June 4. In contrast, Bitcoin maintained a stable performance close to the 0.00% mark, indicating lower volatility compared to Notcoin.
Recent data from IT Tech, a verified author at CryptoQuant, reveals that Notcoin’s trading volume was second only to Bitcoin. At the time of the report, Notcoin recorded a 24-hour trading volume of $16.33 billion, surpassing Ethereum’s $11.71 billion.
Notcoin’s open interest currently stands at $227.47 million, which is considerably lower than Bitcoin’s $11.89 billion and Ethereum’s $8.88 billion. This indicates a smaller derivatives market or less leveraged trading for Notcoin.
Furthermore, Notcoin boasts a high 24-hour funding APR of 31.101%, suggesting strong incentives for traders to maintain positions in its perpetual futures contracts. In contrast, BTC and ETH have lower funding APRs of 12.481% and 14.835%, respectively, indicating more balanced funding conditions.
Last month, The Crypto Basic reported a staggering 600% rally in Notcoin’s price following its launch on May 16. This surge was driven by increased market liquidity and investor participation, which was triggered by its listings on Binance and OKX. Within just 24 hours of being listed, Notcoin climbed into the top 10 cryptocurrencies by daily trading volume, attracting over $1.2 billion.
Please note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.