Launch Coin on Believe (LAUNCHCOIN) Skyrockets 225% in a Day

In the cryptocurrency world, hype drives the price of a token, and the same is happening with the Launchcoin token

The cryptocurrency market has seen its fair share of hype cycles, and recently, we've witnessed the price of Launch Coin (LAUNCHCOIN) skyrocket by 225% in the last 24 hours. This rally comes after the token's value surged more than 7,000% over the week and 18,000% over the month, reaching $0.2389 with a market capitalization of $236,260,627 according to CoinGecko's latest data. Its trading volume of $101,873,456 also showcases the high demand for the token among investors.

As the token moves higher on the charts, it has also hit a new all-time high of $0.2694. Investors have also compared it to Jelly Jelly and the Official Trump meme coin, as they rose similarly. Notably, TRUMP price gains are dominating the conversation, with the token price surging amid the hype ahead of the upcoming Trump dinner.

Like if u are still bullish and wait 200M

— simmy (@simmy_sol) May 13, 2025

This hype is high as the Believe founder, Ben Pasternak, launched the token on the Believe, which is a token generator with easy prompts. Additionally, Pasternak has recently rebranded it from PASTERNAK to Launch coin on Believe at the beginning of the month, building speculations of it being the official crypto token of Believe.

As Believe requires users to simply post on social media the name of the token and ticker with ‘@launchcoin’, the demand for this token is building. Besides, it is a Web3 SocialFi platform, functioning towards fundraising and project launches. However, there’s no official confirmation that it was the official crypto at the time of publishing.

Can confirm $PASTERNAK has officially been rebranded as $LAUNCHCOIN.

— Ben Pasternak (@pasternak) May 2, 2025

Lastly, the crypto market performance has been bullish since the US-China tariff negotiations. As investors' sentiments have shifted to greed, their trading activity has increased, fueling the performance of digital assets, including Launch Coin on Believe.

Overall, it’s the hype that is driving the Launchcoin price rally. However, there’s a certain risk highlighted by experts, including the chances of high volatility and pump-and-dump scams.

Considering its massive rally, there are concerns about its long-term performance. Historical records show the collapse of such a hyped token. Donald Trump’s meme coin is the prime example, as it crashed days after launch. There’s a high risk as the Launch Coin on Believe is purely surging on hype and speculations. Moreover, the early buyers are dumping the token to make a profit.

This could influence the trend of crypto. However, if Believe officially announces it as the official crypto and top crypto exchanges begin listings, the rally could sustain.

Frequently Asked Questions (FAQs)

What's Launchcoin on Believe (LAUNCHCOIN)?

Launchcoin on Believe is a cryptocurrency token launched by Ben Pasternak, the founder of the token generation platform, Believe. It's designed to be easily generated and shared on social media, leading to a rapid increase in demand for the token.

How did rebranding to Launch Coin on Believe fuel its rally?

The rebranding from PASTERNAK to Launch coin on Believe sparked speculation among investors, further fueling the rally. It also ties into the narrative of the official crypto token of Believe, as users are required to post the token name and ticker with ‘@launchcoin’ on social media.

Is Launchcoin the official cryptocurrency of Believe?

While there's no official confirmation from the company, the speculation and hype surrounding it have contributed significantly to the token's price movements. As the rumors persist, it remains a key factor to watch for those following the Launchcoin story.