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Cryptocurrencies linked with social messaging giant Telegram like Toncoin TON/USD and Notcoin NOT/USD edged higher on Sunday, even as the broader market moved sideways.



What Happened: NOT accumulated double-digit gains in the last 24 hours, with trading volumes spiking 141% to $4.43 billion.&nbsp;



In fact, NOT was the fourth-most traded cryptocurrency in the last 24 hours, comprehensively beating top coins such as Solana SOL/USD and Dogecoin DOGE/USD. More than half of the volume came from Binance BNB/USD, the world's largest cryptocurrency trading platform.



Over the week, the coin belonging to a popular play-to-earn Web3 game on Telegram, was up 275%. 



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 2:50 a.m. EDT)</td></tr><tr><td>Notcoin NOT/USD</td><td>+11.50%</td><td>$0.02108</td></tr><tr><td>Toncoin TON/USD</td><td>+5.46%</td><td>$6.71</td></tr></tbody></table></figure>



TON, the cryptocurrency belonging to the layer-1 blockchain The Open Network, also saw impressive gains in the last 24 hours. Year-to-date, the Telegram-endorsed project has grown nearly 3X in value.&nbsp;



Note that the Web3 game Notcoin is built atop the TON network.



Why It Matters: The surge comes in the wake of the massive success of the Telegram-based hyper-casual game that lets users tap their screens to earn NOT tokens.



Kathy Gong, the CEO of gaming infrastructure development company Oneness Labs, attributed Notcoin's success to its easy-to-play model, which appeals to a large Telegram user base that is unfamiliar with Web3.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GM! Notcoin&#39;s success stems from directly targeting people in TG who&#39;re unfamiliar with Web3. TG&#39;s registration process is also the best threshold to block bots. Additionally, the memecoin nature and &quot;probably worth nothing&quot; possibility deter farming studios. The authenticity of… <a href="https://t.co/tYuf0m4kRh">pic.twitter.com/tYuf0m4kRh</a>&mdash; Kathy I Oneness&#x1f680;&#x1f315; (@KathyGongXS) <a href="https://twitter.com/KathyGongXS/status/1797524075666895114?ref_src=twsrc%5Etfw">June 3, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The growth also reflected the growth and development of the TON ecosystem, and the rising popularity of game-based cryptocurrencies.



Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39128955/roaring-kittys-new-social-post-pushes-gamestop-themed-crypto-by-200-kitty-themed-coins-sur"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39129690/solanas-answer-to-dogecoin-is-correcting-but-analyst-says-it-could-be-confirmation-that-bo">Solana&#8217;s Answer To Dogecoin Is Correcting But Analyst Says It Could Be Confirmation That Bon Has More Upside</a>



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Cryptocurrencies linked with social messaging giant Telegram like Toncoin (CRYPTO: TON) and Notcoin (CRYPTO: NOT) edged higher on Sunday, even as the broader market moved sideways.

Telegram-Linked Notcoin Pips Solana, Dogecoin In Volumes To Become Fourth-Most Traded Crypto 

Aniket Verma

Cryptocurrencies linked with social messaging giant Telegram like Toncoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>) and Notcoin (CRYPTO: NOT) edged higher on Sunday, even as the broader market moved sideways.

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Telegram-Linked Notcoin Pips Solana, Dogecoin In Volumes To Become Fourth-Most Traded Crypto

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