A rising trend within the cryptocurrency community is the Internet Capital Markets meta, which involves transforming app concepts into tradable assets. Notable tokens gaining attention on platforms like X (previously Twitter) include Launch Coin (LAUNCHCOIN), Dupe (DUPE), and CreatorBuddy (BUDDY).
LAUNCHCOIN, the token for the Believe app, is pivotal in this trend. The platform simplifies token creation by enabling users to mint their tokens through @launchcoin tagging in an X post with a specified token name. So far, 3,192 tokens have been launched on Believe, with 164 currently active, attracting 107,078 active traders and a trading volume of $411.6 million.
On the other hand, DUPE is linked to the Dupe shopping platform, offering budget-friendly alternatives. Introduced on April 29, it has garnered 4,720 holders and a market capitalization of $60.1 million, with a price surge of 209% currently trading at $0.060.
BUDDY, associated with the AI-powered platform CreatorBuddy, aids creators on X with content analysis and engagement optimization. With a market capitalization of $17.5 million, BUDDY has experienced a notable rise of 1,146% in the last 24 hours, currently priced at $0.017.
Caution is advised, as analysts stress the risks present in Internet Capital Markets, with some tokens likely to be scams. Proper due diligence and a careful approach are crucial in navigating this burgeoning sector.