Notcoin Drops 20% in a Week as Whales Sell
The Most Important Points at a Glance
Notcoin (NOT) has lost significant value in recent days. The price dropped by 19.86% within a week and is currently at $0.0023. All Notcoin holders are currently at a loss, as the current price is below the purchase price of all investors. The market capitalization has hit a new low, while large investors (whales) are selling their holdings.
Notcoin in a Downtrend – What’s Behind It?
Notcoin has experienced a continuous downward movement in recent weeks. The price fell from a local high of $0.0032 to a low of $0.0022. Although there were temporary attempts to recover, the downtrend remains intact.
Data from IntoTheBlock shows that 100% of Notcoin holders are currently at a loss. This means that no one has bought the token at a lower price than the current market value. This could lead to panic selling, as investors try to minimize their losses.
Declining Market Capitalization and Selling Pressure
Notcoin’s market capitalization has fallen to a new low. This indicates that there are hardly any new buyers while existing investors are selling their holdings. Particularly concerning is that large investors (whales) are also reducing their positions.
According to IntoTheBlock, the net flow of large holders has dropped from 4.81 billion to 15.8 million NOT. This shows that whales are selling more than they are buying, adding further pressure on the price.
Increased Risk Deterring Investors
Another factor working against Notcoin is the increased risk. The Sharpe ratio – a measure of risk-to-return performance – is negative. This means that Notcoin is performing poorly compared to low-risk investments. As a result, investors are avoiding the token, further increasing selling pressure.
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What’s Next for Notcoin?
If the downtrend continues, Notcoin could break the $0.0022 mark and reach a new 9-month low at $0.0020. However, if buyers see the current price as a buying opportunity, a recovery up to $0.0031 could be possible.
Our Assessment
Notcoin is currently under strong selling pressure. The lack of buyers and negative market sentiment could push the price further down. Only when trading volume stabilizes and new investors enter the market could the trend reverse. In the short term, the risk remains high, and investors should closely monitor developments.
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