The Internet Capital Market Meta, which includes turning app ideas into tradable assets, has gained traction within the crypto community. Among the most talked about tokens on platforms like X (formerly Twitter) is LaunchCoin. It has grown significantly over the past few days, reaching a market capitalization of $100 million.
This is followed by Dupe (Dupe) and Creatorbuddy (Buddy), both of which have double-digit market capitalizations.
Launchcoin
Launchcoin is a token for the Believe App. The platform is at the heart of the trends in the Internet capital market. Simplify token creation by minting the token by tagging @LaunchCoin on the X post with the specified token name.
This simple approach has greatly contributed to the rise of token creation on the platform. As of the latest data on Dune Analytics, 3,192 tokens have been released on Believe, with 164 being activated.
The platform boasts 107,078 active traders, with a total trading volume of a significant $416.6 million highlighting an increase in interest and participation.
Furthermore, recent figures from Believe Screener show that the total market capitalization of these tokens reached $220 million. The platform has processed 301,570 transactions in the last 24 hours. This generated an estimated $1.89 million in trading fees, reflecting strong economic activity.
Launchcoin is a major contributor to this growth. The market capitalization is $104.5 million, accounting for almost half of the total market capitalization.
Its price performance is equally noteworthy. Over the past 24 hours, Laintcoin has been highly rated at 500%, reaching $0.109 at the time of writing. This surge is complemented by a growing user base with over 21,000 token holders.
Regarding trading activities, LaunchCoin’s trading volume alone reached $44.5 million, with 63,635 deals. This exemplifies strong demand among investors.
Dupet (Dupe)
Dupet tokens are associated with a shopping platform called Dupet. This online service will help users find more affordable alternatives (or “Dupée”) to furniture and consumer goods. The token was released on April 29th. Shortly afterwards, I also secured a Dextoro list.
The token attracted 4,720 owners and has a market capitalization of $60.1 million. That price has risen 209% in the past day. At the time of writing, Dupet was traded for $0.060.
The token recorded 14,013 transactions, totaling $106 million. Of this, $8.2 million came from buy orders, but sell orders accounted for $7.8 million, further reflecting the active trading environment.
creatorbuddy
Buddy is also a newly launched token for the Creatorbuddy platform. This AI-powered platform helps creators grow with X by providing features to provide features such as content analytics, engagement optimization, content reuse, and AI-driven insights.
In particular, Buddy is the third largest token on the Believe platform, with a market capitalization of $17.5 million. It is the sharpest rise of the other mentioned tokens, rating 1,146% over the last 24 hours. At the time of writing, it was priced at $0.017.
The token had 16,756 transactions, showing significant trading activity. Overall trading volume over this period reached an impressive $14.7 million. The presence of 3,267 holders is a prominent factor contributing to this volume.
Although the numbers spark optimism, it is important to note that the internet’s capital city fields, like other crypto sectors, have inherent risks.
“But let’s be real. Most of these companies have nothing to do with not fitting in the product market – we’re taking the meta very quickly and people skipping due diligence,” the analyst wrote to X.
Another analyst shared similar feelings. He warned that most of the tokens are likely to be scams by the founders of broken Web2. However, some real projects continue to build, with or without tokens.
Therefore, it is important to carefully evaluate each token, track on-chain activity, and approach your investment carefully.
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