From Meme to Market Leader
LaunchCoin ($LAUNCHCOIN) has once again topped the charts, recording the largest 24-hour gain among the top 500 cryptocurrencies by market cap for the second consecutive day.
As of May 14, the token has surged by 230%, reaching a market cap of $230 million. This remarkable performance follows a recent rebranding and the growing hype surrounding its association with the Web3 SocialFi platform, Believe.app.
Market Stats
•Price: $0.2343
•24H Change: +230%
•Market Cap: $230M
•24H Volume: $101.8M
•Circulating Supply: ~982M LAUNCHCOIN
•All-Time High: $0.2694 (May 14)
•All-Time Low: $0.00055 (April 14)
•30-Day Gain: +34,882%
What’s Fueling the Surge?
•Rebranding and Platform Association: The token’s rebranding from PASTERNAK to LAUNCHCOIN and its association with Believe.app have significantly boosted investor interest.
•Whale Activity: Significant investments from large holders, including a $1.56 million purchase of 9.55 million LAUNCHCOIN tokens, indicate strong confidence in the token’s potential.
•Community Engagement: The ease of launching tokens through social interactions on platforms like X has attracted a growing community of users and developers.
Final Take
LaunchCoin’s consecutive days of leading gains among top cryptocurrencies underscore its rapid ascent in the crypto market.
While the current momentum is impressive, investors should remain cautious and conduct thorough research, as the volatile nature of meme coins can lead to swift market reversals.
