The Solana
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168-based altcoin, LaunchCoin (LAUNCHCOIN), experienced an incredible 7,000% increase in just seven days. Starting at $0.0061, the price shot up to $0.36, significantly boosting interest in the altcoin. The platform behind LaunchCoin, Believe, distinguishes itself by allowing users to create their own coins with a simple X post.
What is LaunchCoin and How Does it Work?
LaunchCoin serves as the main network asset of the Believe platform, a Web3 social network. The platform’s aim is to empower users to easily mint their coins through a single post. The user simply needs to post “$TICKER + Coin Name” to the @launchcoin account. The system handles the rest automatically.
This ease of use eliminates the complexities of traditional coin creation processes. Without navigating DAO persuasion processes, technical setups, or community building hurdles, anyone can create their altcoin within seconds. This system offers a significant advantage, especially for social media influencers.
Alongside simplicity, Believe promises wider usability. An SDK development kit is in the works for integrating coins into external projects, indicating the platform’s potential for both social and technical expansion.
The Game Element Driving Altcoin’s Surge
A remarkable event lies behind LaunchCoin’s extraordinary price surge. A game known as “Noodle,” launched by developer Alex Leiman, famous for viral projects like RizzGPT and Astra, became a key catalyst. The game, resembling the classic snake game, adopted a play-to-earn model, offering real coin prizes to winners.
The game spiked interest in projects that merge entertainment with earning in the crypto world, further highlighting the potential of the Believe platform. Founder Ben Pasternak’s announcement about introducing tools for coin customization also fueled excitement.
Meanwhile, Lookonchain’s data reveals that an anonymous investor turned $8,191 into $4 million in just 22 days. The lucky investor used 54 SOL from 68.8 SOL withdrawn from Binance to purchase 14.62 million LAUNCHCOIN. As the altcoin’s market cap was still below $500,000, this purchase set the stage for massive profits. When the price surged, the investor sold 2.5 million coins, securing 3,465 SOL (about $617,000), and still holds coins worth $3.5 million.
