Three Notable Crypto Assets in the Internet Sector Worth Monitoring

Three Notable Crypto Assets in the Internet Sector Worth Monitoring

Going Crypto with Internet Capital Markets: The Rise of Launch Coin, Dupe, and CreatorBuddy

In the realm of crypto, buzz is brewing around Internet Capital Markets – the phenomenon of transforming app ideas into tradeable assets.

One of the hot topics circulating in the community is Launch Coin (LAUNCHCOIN). With a recent surge, it has climbed to a whopping $100 million market cap.

Meet Launch Coin

LAUNCHCOIN fuels the Believe app, a platform at the epicenter of the Internet Capital Markets craze. It simplifies the creation of tokens by enabling users to mint their own by tagging @launchcoin in an X post with a specified token name.*

This straightforward approach has sparked a wave of token creation on the platform. According to Dune Analytics, a staggering 3,192 tokens have been launched on Believe, with 164 currently activated.

Take note of the growth

The Believe platform boasts 107,078 active traders, and the total trading volume has soared to an astonishing $411.6 million, underscoring the escalating interest and involvement.*

In addition, recent figures from Believe Screener reveal that the combined market capitalization of these tokens has hit $220 million. The platform has processed 301,570 transactions in the last 24 hours, generating an estimated $1.89 million in transaction fees, reflecting vibrant economic activity.

LAUNCHCOIN: A key player

With a market cap of $104.5 million, LAUNCHCOIN alone accounts for nearly half of the total market capitalization.

Over the past 24 hours, LAUNCHCOIN has skyrocketed by 500%, reaching a notable $0.109 at the time of writing. This impressive rally is accompanied by an expanding user base, boasting over 21,000 token holders.

Trading action

LAUNCHCOIN’s trading volume alone has reached $44.5 million, with 63,635 transactions. This highlights the robust demand among investors.

Moving on, Dupe (DUPE) and CreatorBuddy (BUDDY) make waves in the crypto scene with double-digit market caps.

Dupe: Shop smart, save more

DUPE is the token behind Dupe, an online shopping service that helps users find cheaper alternatives (or "dupes") to household goods and furniture.*

The DUPE token was unveiled on April 29 and snagged a listing on DexToro soon after. With a market cap of $60.1 million, it has attracted 4,720 holders and has seen an impressive 209% increase in price over the past day. Currently, DUPE is trading at $0.060.*

Transaction rhythm

DUPE has recorded 14,013 transactions, with a total trading volume of $16.0 million. $8.2 million of this volume came from buy orders, while sell orders accounted for $7.8 million, signaling an active trading environment.

CreatorBuddy: AI empowering creators

BUDDY is the token linked to CreatorBuddy, an AI-powered platform helping creators thrive on X by providing features like content analysis, engagement optimization, content repurposing, and AI-driven insights to boost post performance.*

Making a mark

BUDDY holds the third-largest position among the discussed tokens, with a market cap of $17.5 million. It has experienced a stunning 1,146% jump over the past 24 hours, currently valued at $0.017.

Heavy trading activity

BUDDY has seen a flurry of trading activity, with 16,756 transactions. The total trading volume during this period has hit an impressive $14.7 million, with 3,267 token holders putting fuel in the fire.

Proceed with caution

The Internet Capital Markets landscape, like any other crypto sector, is not devoid of risk.

Analyst Him recently took to X and voiced his concerns, stating, "Although, let's be real - Most of these companies are irrelevant with no product-market fit - We've taken off as a meta so quick that people are skipping their due diligence."

Similarly, another analyst advises that the majority of the tokens might be scams by failed Web2 founders, but a handful of genuine projects will endure and continue to build.

Dive in, but tread carefully

In the end, it's crucial to diligently investigate each token, monitor on-chain activity, and approach investment with a keen, watchful eye.

Discover & Trade with Uphold

Join the exciting journey of new tokens with early access to emerging assets

Effortless trading between any supported assets

Multipurpose platform that supports crypto, stocks, and precious metals

Join Uphold Today!

1. LAUNCHCOIN, with a market cap of $104.5 million, fuels the Believe app and enables users to create their own tokens by tagging "@launchcoin" in an X post.
2. The growth of the Believe platform, as seen by the increasing number of active traders and the soaring trading volume, underscores the escalating interest in Internet Capital Markets.
3. DUPE, the token behind Dupe, an online shopping service that helps users find cheaper alternatives, has attracted a significant number of holders and has seen a price increase of 209% over the past day, with a market cap of $60.1 million.
4. BUDDY, the token linked to CreatorBuddy, an AI-powered platform for creators, holds the third-largest position among the discussed tokens, with a market cap of $17.5 million, and has experienced a 1,146% jump over the past 24 hours.
5. In the Internet Capital Markets landscape, it's crucial to diligently investigate each token, monitor on-chain activity, and approach investment with a keen, watchful eye, as risk is present in any crypto sector.

Read also: