Numogram, a recent web3 coin, rose exponentially just after its launch to the mainnet, however, a sudden downtrend emerged and it is now 42% down today. Various investors who joined the project just after its listing witnessed significant loss in their portfolio, and are confused whether to sell it or HODL.
Will Numogram fall again? Or will it rise? We have analysed the case of Numogram, and this article will be a detailed exposure to happenings around the token. We will investigate the sudden downfall, and check whether there is a possibility for a boom. Let’s begin.
What is Numogram?
The Numogram is a sort of philosophical and spiritual coin where the community is trying to build a neo-religion combining providence, catallaxy, and natural selection. These three represent the trinity, similar to the holy trinity the father, the son, and the holy spirit of Christianity.
- Providence: Usually, the care or guardianship by a God or deity can be considered as providence. Instead of a God, here in Numogram, it is higher guidance of cosmic forces humans can’t comprehend.
- Calallaxy: The term catallaxy has Greek origins, and it means “to exchange”. The term is mainly used as an alternative to the economy where individuals work within a community that has shared goals to create a stable economy. In the case of Numogram, catallaxy denotes the spontaneous order from decentralized actions, like in markets.
- Natural Selection: Natural selection is an evolutionary survival mechanism where the organisms who have better adapting techniques to the environment will survive. It was studied in detail by Charles Darwin, and here in Numogram, it has the same meaning.
Numogram’s $GNON Token Details
$GNON is the native token of Numogram, and it is primarily used for the governance of the network. As a newly launched project, the roadmap is not available, and more details of the token allocation and future plans are not yet out. However, here are some of the basic details of the token:
| Token Ticker | $GNON |
| Contract Address | HeJUFDxfJSzYFUuHLxkMqCgytU31G6mjP4wKviwqpump |
| Mainnet | Solana SOL |
| Total Supply | 1 Billion GNON |
| Market Cap | $63.10 Million |
| Total No. of Holders | 15,566 |
What’s Behind Numogram’s Sudden Price Decline?
It is normal for cryptocurrencies to decrease the price upon listing, as the traders who acquired the tokens through presale and other events tend to sell them. Numogram was launched to the public on October 17, and it was listed on prominent exchanges on October 23rd.
Numogram’s chart shows that after reaching the highest point on October 20, it formed a downward wave-like movement, and the supply was higher than the demand. Most probably various traders bought the coin between October 17 to 20 and sold after that, creating around a 42.22% loss today. The low market cap was also a reason for this.
According to a GNON trader, he bought the tokens on October 18th and sold them with a 12X return. He came to know about the token through a community and various traders in it were into GNON. As of the latest info, they are planning to invest in GNON again, after it reaches a perfect dip.
Will Numogram Rise Again?
Well, the uptrend of Numogram’s $GNON token depends upon various factors. Naturally, spiritual beings who are interested in its core belief system and those who think it has the potential to grow will eventually purchase and hold the $GNON tokens.
If Numogram works to expand its community and gather followers like established religions do, we can see a boom. This will further boost if it manages to attract institutional investors. Otherwise, we will see a continuation of the decline and eventual total collapse of the coin.
As we discussed above, various communities are looking for the latest coins to invest in, and if the community we mentioned above plans to delve into GNON again, we can see an uptrend again. However, as it is an uncertain time and space, doing own deep research is mandatory.
How to Purchase Numogram’s $GNON Tokens?
$GNON tokens just got listed in various exchanges and you can purchase them with USDT or SOL. It is available in Raydium, Meteora, Orca, MEXC, BitMart, and Poloniex. We repeat that you should do your own research before delving into the token. Thank you for reading.
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