LAUNCHCOIN, the token linked to the SocialFi platform Believe, surged by 500% today amid significant ecosystem growth. Formerly known as PASTERNAK (named after Believe founder Ben Pasternak), Launch Coin on Believe (LAUNCHCOIN) reached an all-time high of $0.093** on May 13 during Asian trading hours, with its market cap exceeding **$81 million.
Key Drivers Behind the Rally
1. Trading Volume Spike
- Daily trading volume surged 500% compared to the previous day, per CoinGecko data.
- Increased liquidity and investor interest fueled the price momentum.
2. Community Speculation
- LAUNCHCOIN is widely anticipated to become Believe’s official native token, though no formal announcement has been made.
- Since its rebranding from PASTERNAK on May 2, the token has rallied alongside platform updates.
3. Ecosystem Developments
- Viral app developer Alex Leiman launched NOODLE, a token for a crypto-powered game on Believe, sparking community hype.
- The game Noodle combines Web3 mechanics with classic "snake" gameplay, allowing players to win tokens by defeating opponents.
Founder Ben Pasternak teased upcoming ecosystem updates, including:
- New developer tools for token customization.
- A software development kit (SDK) for external integrations.
What Is Launch Coin on Believe?
LAUNCHCOIN is the flagship token of Believe, a Web3 SocialFi platform that democratizes fundraising by enabling token creation via social interactions on X (formerly Twitter).
Core Features:
- Decentralized Fundraising: Disrupts traditional venture capital by empowering community-driven projects.
- Seamless Token Creation: Users generate tokens by tweeting project details and replying with
@launchacoin [TICKER] [NAME]. - Pre-Sale Success: Originally launched as PASTERNAK, it achieved an $80 million market cap on its debut (January 24, 2025).
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Future Outlook
Believe’s expansion includes:
- Team Growth: Onboarding more builders and founders.
- Product Enhancements: Streamlined tools for tokenomics and integrations.
"This is just the beginning."
— Ben Pasternak (@pasternak)
FAQs
Q: Is LAUNCHCOIN Believe’s official token?
A: While widely speculated, no official designation has been confirmed. Its utility aligns with Believe’s ecosystem growth.
Q: How does Believe’s token creation work?
A: Users post project details on X and reply with @launchacoin + ticker/name to auto-generate a tradable token.
Q: What’s next for Believe?
A: Expect SDK releases, developer tools, and broader Web3 integrations.
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Disclosure: This content is educational and not investment advice.
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