The LaunchCoin altcoin, built on Solana, has recorded an incredible price growth of 7000% over a week. This article reviews its features and the reasons behind its success.
What is LaunchCoin and How Does it Work?
LaunchCoin serves as the main network asset for the Believe platform, a Web3 social network aimed at enabling users to easily mint their coins. Users can create their coin by simply posting '$TICKER + Coin Name' to the @launchcoin account, with the system handling the rest automatically.
The Game Element Driving Altcoin’s Surge
A key factor behind LaunchCoin's price spike is a game called 'Noodle,' created by Alex Leiman, known for viral projects. The game uses a play-to-earn model, offering real coin rewards to winners, and has increased interest in projects that integrate entertainment with earning in the crypto space.
Investors and Profits from LaunchCoin
Lookonchain data reveals that an anonymous investor turned $8,191 into $4 million in just 22 days. By purchasing 14.62 million LAUNCHCOIN using 54 SOL, this investment fueled significant profits as the price rose, enabling the investor to sell 2.5 million coins for about $617,000 while retaining coins valued at $3.5 million.
The rapid growth of LaunchCoin illustrates new opportunities in coin creation and the blending of game elements with cryptocurrencies, highlighting the potential of this platform to transform approaches to digital currencies.
