Notcoin ( NOT +10.10% ) rose over 15% on Friday, breaching above $0.20 and appearing to buck the downtrend it’s been in since reaching its all-time high of $0.028 on June 2.
NOT is the token on the TON blockchain that was airdropped to users of the popular Telegram-based “tap to earn” game. The game proved immensely popular, to the point that Telegram CEO Pavel Durov wrote about it and praised its level of engagement.
NOT’s big move to the upside comes as TON +4.13% itself broke through its previous all-time high and briefly struck above $8.00 for the first time since the coin’s launch.
Both price increases occurred amid the growing popularity of various other Telegram-based “x to earn” games, such as Hamster Kombat and Yescoin. Many of these games have claimed to have tens of millions of participants around the world, though it’s unclear to what extent bots have driven up the numbers.
The popularity of the games and the ease with which one can sign up, get a wallet, and participate in them are undoubtedly bolstering TON blockchain activity and statistics. Some report that the number of daily active wallets on the TON blockchain has surpassed Ethereum’s. These statistics, however, do not include Layer 2s, and wallet numbers are not necessarily indicative of the number of unique users.
Despite that, the number of daily active wallets currently sits at over 547,000, according to Tonstat, and is on a clear upward trajectory.