The Internet Capital Markets meta, which involves turning app ideas into tradable assets, is gaining traction within the crypto community. Among the most talked-about tokens on platforms like X (formerly Twitter) is Launch Coin (LAUNCHCOIN). It has grown substantially in the past few days, reaching a $100 million market cap.
Following this are Dupe (DUPE) and CreatorBuddy (BUDDY), both of which have seen their market capitalizations reach double digits.
Launch Coin (LAUNCHCOIN)
LAUNCHCOIN is the Believe app’s token. This platform is at the center of the Internet Capital Markets trend. It simplifies token creation by allowing users to mint their tokens by tagging @launchcoin in an X post with a specified token name.
This straightforward approach has significantly contributed to the rise of token creation on the platform. As of the latest data from Dune Analytics, 3,192 tokens have been launched on Believe, with 164 currently activated.
The platform boasts 107,078 active traders, and the total trading volume has reached a substantial $411.6 million, highlighting the growing interest and participation.
Volume of Believe App Tokens. Source: Dune
Furthermore, recent figures from Believe Screener show that the total market capitalization of these tokens has reached $220 million. The platform has processed 301,570 transactions in the past 24 hours. This, in turn, has generated an estimated $1.89 million in transaction fees, reflecting strong economic activity.
LAUNCHCOIN is a significant contributor to this growth. With a market cap of $104.5 million, it alone accounts for nearly half of the total market capitalization.
Its price performance has been equally notable. Over the past 24 hours, LAUNCHCOIN has appreciated by 500%, reaching $0.109 at the time of writing. This surge is complemented by a growing user base, with over 21,000 token holders.
LAUNCHCOIN Market Cap. Source: DEXScreener
In terms of trading activity, LAUNCHCOIN’s trading volume alone has reached $44.5 million, with 63,635 transactions. This exemplifies strong demand among investors.
Dupe (DUPE)
The DUPE token is associated with a shopping platform called Dupe. This online service helps users find more affordable alternatives (or “dupes”) to furniture and consumer goods. The token was launched on April 29. Shortly after, it also secured a listing on DexToro.
The token has attracted 4,720 holders and has a market capitalization of $60.1 million. Its price has increased by 209% over the past day. At the time of writing, DUPE traded at $0.060.
DUPE Market Cap. Source: DEXScreener
The token has recorded 14,013 transactions, with a total volume of $16.0 million. Of this, $8.2 million came from buy orders, while sell orders accounted for $7.8 million, further reflecting the active trading environment.
CreatorBuddy (BUDDY)
BUDDY is also a newly launched token of the CreatorBuddy platform. This artificial intelligence (AI)-powered platform helps creators grow on X by offering features like content analysis, engagement optimization, content repurposing, and AI-driven insights to enhance post-performance.
Notably, BUDDY is the third-largest token on the Believe platform, with a market capitalization of $17.5 million. It has seen the sharpest rise among the other mentioned tokens, appreciating 1,146% over the past 24 hours. At the time of writing, its price was $0.017.
BUDDY Market Cap. Source: DEXScreener
The token has seen significant trading activity, with 16,756 transactions. The overall trading volume during this period has reached an impressive $14.7 million. The presence of 3,267 holders is a notable factor contributing to this volume.
While the numbers spark optimism, it’s important to note that the Internet Capital Markets, like any other crypto sector, carries inherent risks.
“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,” analyst Him wrote on X.
Another analyst shared a similar sentiment. He warned that the majority of the tokens will likely be scams by failed Web2 founders. However, a few genuine projects will keep building, with or without a token.
Therefore, it is crucial to carefully assess each token, track on-chain activity, and approach investment cautiously.
