Crypto Markets Soar: LaunchCoin Surges by 500% - Exploring LaunchCoin's Position on Believe Platform
A Sizzling 500% Surge for LAUNCHCOIN on Believe
LAUNCHCOIN, previously known as PASTERNAK, blew up today, climbing a whopping 500% in value! This Web3-based token, attached to the SocialFi platform Believe, hit an amazing $0.093 yesterday afternoon during the Asian trading session. Its market cap soared past $81 million, and it's still going strong!
What set LAUNCHCOIN ablaze? A colossal spike in trading activity! CoinGecko data reveals that daily trading volume skyrocketed over 500% compared to the previous day.
The hype mill is cranking hard for LAUNCHCOIN, as the community is abuzz with speculation that it will soon become Believe's official native token. Although no formal announcement has been made, the rebranding from PASTERNAK to Launch Coin on Believe on May 2 seems to be a strong indicator. With each ecosystem growth or platform development, the token's price has been on a rally.
Spearheading much of today's gains was the excitement generated by Alex Leiman, the developer behind the viral apps RizzGPT and Astra. Leiman successfully launched the NOODLE token for a crypto-powered game that fits perfectly on the Believe platform. The game, also dubbed Noodle, capitalizes on the classic "snake" gameplay style but adds a Web3 twist. Players control a snake, boost their creature by consuming others, and actually win real tokens when they conquer another player.
Another factor that contributed to LAUNCHCOIN's surge was the fresh investor interest stirred by Believe's founder, Ben Pasternak. In a May 9 post on X (be sure to check it out!), Pasternak hinted at upcoming updates for the Believe ecosystem.
Looking ahead, Believe plans to roll out new tools for token builders to add unique features to their projects. It will also unveil a software development kit, allowing developers to integrate tokens launched on the platform into various external products. Believe is also beefing up its team, with a focus on attracting more builders and founders to join its Santa Monica-based ecosystem.
Now, let's delve deeper into the captivating world of Launch Coin on Believe.
Believe is a Web3-based SocialFi platform on a mission to revamp fundraising and project launches. It enables users to create and launch tokens through social interactions on Believe's platform, thus disrupting traditional venture capital by providing a decentralized, community-driven alternative that empowers builders and founders. Originally branded as Clout.me, Believe was overhauled by Pasternak earlier this year to focus on the Web3 space.
Formerly called Clout, LAUNCHCOIN underwent a rebrand to Believe this year. It allows users to create new tokens for their projects by posting details about them on Believe's platform and replying to the post with "@launchacoin" followed by the desired token ticker and name. Once the token is created, it undergoes a trial run by the Believe system before becoming tradeable on supported decentralized platforms.
LAUNCHCOIN first surfaced as PASTERNAK, a memecoin crafted by Clout founder Ben Pastrnak. PASTERNAK was the first token to complete a pre-sale on Clout, reaching an impressive market cap of $80 million on its launch day on January 24, 2025.
Disclaimer: This article does not intend to serve as investment advice. The information provided here is for educational purposes only.
- The surge in LAUNCHCOIN's value, which recently rebranded from PASTERNAK, can be attributed to its association with the SocialFi platform Believe, where it functions as a token for creating new projects.
- Crypto developers have taken notice of LAUNCHCOIN's potential, with Alex Leiman, creator of RizzGPT and Astra, recently launching the NOODLE token on the Believe platform, further driving interest in LAUNCHCOIN.
- Believe, the Web3-based SocialFi platform, aims to revolutionize fundraising and project launches by providing a decentralized, community-driven alternative to traditional venture capital, with LAUNCHCOIN serving as a key component of this mission.
- The finance and technology sectors continue to closely follow the progress of LAUNCHCOIN and Believe, as the platform prepares to roll out new tools for token builders, unveil a software development kit, and expansion plans for its team, all aimed at further integrating tokens launched on the platform into various external products.
