LAUNCHCOIN Surges 500% as Believe Platform Gains Traction
LAUNCHCOIN, teh token linked to the SocialFi platform Believe, experienced a massive 500% increase today. Formerly known as PASTERNAK, it reached an all-time high of $0.093 on May 13 during Asian trading hours. The market cap now exceeds $81 million.
The surge was driven by a meaningful rise in trading activity.According to CoinGecko, daily volume jumped over 500% compared to the previous day. The community anticipates LAUNCHCOIN becoming the official token of Believe, though this hasn’t been officially confirmed.
Since rebranding from PASTERNAK on May 2,LAUNCHCOIN has seen price spikes following platform developments. Today’s gains were partly due to community excitement after Alex Leiman launched a token named NOODLE for a crypto game on Believe. The game, also called Noodle, is a Web3 version of the classic snake game where players can win tokens by outplaying others.
Believe founder Ben pasternak also sparked interest by hinting at upcoming updates. In a May 9 post on X, he teased new tools for builders and a software growth kit for integrating tokens into external products.
Believe is a Web3 SocialFi platform that aims to revolutionize fundraising. It allows users to create and launch tokens through social interactions on X. The platform seeks to provide a decentralized, community-driven alternative to customary venture capital.
LAUNCHCOIN’s origins trace back to PASTERNAK, a memecoin created by Clout founder Ben Pasternak. It was the first token to complete a pre-sale on Clout, reaching an $80 million market cap on it’s launch day.
