LAUNCHCOIN has seen a remarkable 9,336% surge in price over the last 12 days, attracting the interest of investors. This substantial rally has boosted the cryptocurrency's market capitalization to $258 million, surpassing tokens like Gigachad and Moo Deng.

Yet, this rapid increase has raised doubts about the token’s authenticity and durability. The number of LAUNCHCOIN holders jumped from 7,738 to 31,683 in just 18 days but has slowed down significantly in the past week, with fewer than 600 new holders coming in. This deceleration in growth combined with the price surge suggests a potential market peak for the token.

The sluggish pace of holder growth has led to concerns among investors regarding the long-term viability of the altcoin. While the initial price spike attracted many investors, the lack of new participants may signal a loss of momentum for LAUNCHCOIN. Investors are starting to realize that the market may be overbought, hinting at possible price corrections ahead.

Moreover, some warning signs have emerged for LAUNCHCOIN. The altcoin recently changed its name from Bob Pasternak (PASTERNAK) to LaunchcoinOnBelieve, likely to enhance its credibility. However, data from RugCheck reveals that 83% of the total LAUNCHCOIN supply is held by only 420 wallets, indicating high concentration among a small group of holders and increasing the risk of price manipulation.

Furthermore, less than 25% of LAUNCHCOIN’s liquidity pool (LP) is currently locked, which is concerning as greater LP locks at the early stages provide stability and strengthen investor confidence. The absence of sufficient LP locking raises worries that the token may be susceptible to sudden price swings, potentially deterring long-term investors.

LAUNCHCOIN's market cap stands at $258 million, with a rapid 9,336% price increase within 12 days. The token's appeal lies in the ability to create tokens through a simple tweet, a trend gaining popularity in the crypto sphere. If demand for this asset continues, it could potentially see further appreciation. Trading at $0.249, the altcoin might rise to $0.384 and even reach $0.600.

However, if investors believe that LAUNCHCOIN has peaked, evidenced by the consolidation over the week, they may opt to sell, leading to a price decline below the support level of $0.149, possibly falling to $0.050.