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**The Launchcoin Phenomenon Runs Wild, A New Paradigm or a Fleeting Hype?**
In recent days, the crypto world has been buzzing with the launch of Launchcoin, which is the official token of the Believe platform that surpassed $300M in a very short time. This phenomenon is quite astonishing because Believe itself is a platform that makes it easy for users to create their own tokens. So, what should be considered? Is this a fleeting hype or a new paradigm?
**#1 The Market Will Be Flooded with New Tokens.**
Large Investor Influence, Bitcoin Buying Pressure Reaches Peak Bitcoin buying pressure $BTC reached a new peak on Tuesday (13/05), with the Binance Taker Buy Sell Ratio indicator touching 1.02. This indicates that buyers dominate the market in the short term. The current price of Bitcoin is at US$103,527, up 22.67% in a month and approaching the all-time high of US$109,396 in January. This pattern is similar to significant moments when the price formed a base and broke through major resistance. On-chain data shows a significant increase in large new wallets or whales holding more than 1,000 $BTC with coins less than 155 days old, indicating new capital inflow from large investors.
Wow just now $XRP and $HBAR increased, will it continue to rise, hopefully it will keep increasing so that I can take my children on vacation #TradeStories