Notcoin created so much hype from its beginning and so was continued before listing on exchanges. Many were predated very higher price for notcoin as because notcoin already have a strong community. But things became changed when it start downfall after listing. And keep getting down. And nobody knows what will happen in upcoming days but I think this coin will start recovery soon. Although anything is possible in crypto Market but such downfall really makes its supporters disappointed
the price accurately reflected in the AEVO pre market trading, its just people with too much of an expectation, current price which considered low by many actually already giving $500 million market cap for the coin itself I think its good enough, not to mention that there's no underlying fundamental or anything that could help this coin become as good as any other coin getting listed in binance that usually present real working products.
remember that the current total of circulating supply is 102 billion if each coin were priced $1 its gonna be 102 billion dollar which just seems like a wishful thinking.
It's funny how Notcoin distributed over $1B to their community members on the launch date and their supports are now disappointed? Compared to the last 5 recent launches, Notcoin did relatively well in this market where recent token launched even on binance are done 50-70% from their launch price. On launch date, Notcoin managed to rake in over $1B in liquidity to stand on the other side of the trade for their community to sell into and someone these supporters are disappointed because they expect 10x price growth when the main product hasn't even been launched. Wow.
right? so many people hoping the price would be 10x of now, some even think it will be priced $1, but they forget that market cap has a limit for new coin like this, having 1 billion liquidity and half billion market cap is already good.
time will tell whether this coin going to surge, but its already a good launch for the coin itself.