Internet capital markets, which involve turning app ideas into tradable assets, are gaining popularity in the crypto community. Among the most discussed tokens on platforms like X (formerly Twitter) is Launch Coin (LAUNCHCOIN). It has significantly risen in the last few days, reaching a market capitalization of $100 million.
Following this are Dupe (DUPE) and CreatorBuddy (BUDDY), whose market capitalizations have reached double digits.
Launch Coin (LAUNCHCOIN) token
LAUNCHCOIN is the token of the Believe app. This platform is at the center of the Internet capital markets trend. It simplifies token creation, allowing users to mint their tokens by tagging @launchcoin in an X post with the token name.
This simple approach has significantly contributed to the growth of token creation on the platform. According to the latest data from Dune Analytics, 3,192 tokens have been launched on Believe, of which 164 are currently activated.
The platform has 107,078 active traders, and the total trading volume has reached a significant $411.6 million, highlighting the growing interest and participation. Moreover, the latest data from Believe Screener shows that the total market capitalization of these tokens has reached $220 million. The platform processed 301,570 transactions in the last 24 hours. This, in turn, generated approximately $1.89 million in transaction fees, reflecting strong economic activity.
LAUNCHCOIN is a significant contributor to this growth. With a market capitalization of $104.5 million, it accounts for nearly half of the total market capitalization.
Its price dynamics have been no less remarkable. In the last 24 hours, LAUNCHCOIN has increased by 500%, reaching $0.109 at the time of writing. This growth is complemented by a growing user base, which numbers over 21,000 token holders. Regarding trading activity, the trading volume of LAUNCHCOIN reached $44.5 million, with 63,635 transactions. This demonstrates strong demand among investors.
Dupe (DUPE)
The DUPE token is associated with the Dupe trading platform. This online service helps users find more affordable alternatives (or “dupes”) for furniture and consumer goods. The token was launched on April 29. Shortly after, it also received a listing on DexToro.
The token attracted 4,720 holders and has a market capitalization of $60.1 million. Its price increased by 209% in the last day. At the time of writing, DUPE was trading at $0.060. The token recorded 14,013 transactions, with a total volume of $16.0 million. Of this, $8.2 million came from buy orders, while sell orders amounted to $7.8 million, further reflecting an active trading environment.
CreatorBuddy (BUDDY)
BUDDY is also a new token of the CreatorBuddy platform. This AI-based platform helps creators grow on X by offering features such as content analysis, engagement optimization, content repurposing, and AI-based insights to enhance post performance.
It is worth noting that BUDDY is the third largest token on the Believe platform, with a market capitalization of $17.5 million. It has shown the sharpest growth among the other mentioned tokens, increasing by 1,146% in the last 24 hours. At the time of writing, its price was $0.017. The token shows significant trading activity, with 16,756 transactions. The total trading volume during this period reached an impressive $14.7 million. The presence of 3,267 holders is an important factor contributing to this volume.
While these figures inspire optimism, it is important to note that Internet capital markets, like any other sector of cryptocurrency, carry inherent risks.
"However, let's be realistic — Most of these companies do not matter without product-market fit — We soared as a goal so quickly that people are skipping their due diligence," wrote analyst Him on X.
Another analyst shared a similar opinion. He warned that most tokens are likely to be scams from failed Web2 founders. However, a few genuine projects will continue to evolve, with or without a token.
Therefore, it is important to carefully evaluate each token, track on-chain activity, and approach investments cautiously.#BinanceSquare #Write2Earn #TradeStories #CryptoRoundTableRemarks #crypto $ETH