Learn how Launch Coin (LAUNCHCOIN) on Believe is transforming token creation by using social posts to simplify and democratize crypto project launches.

As the crypto market continues to experience heightened activity and an influx of tokens, a SocialFi platform called Believe has caught investors' attention. Designed to disrupt the way that projects launch and fundraise, Believe provides a simple way to launch crypto projects using an X account.

One of the projects associated with this SocialFi platform is Launch Coin on Believe (LAUNCHCOIN), which has attained over 3,000% growth in the past week (as of May 20, 2025) and has a current 

On May 15, 2025, LAUNCHCOIN hit its all-time high price of $0.35689, pushing its market cap above $343 million at the time. The rally was fueled by rumors that the coin could be the designated native token for Believe (no official communication on this yet). LAUNCHCOIN has continued to experience price surges since it rebranded from PASTERNAK on May 2, 2025.

What is Launch Coin on Believe (LAUNCHCOIN)?

LAUNCHCOIN is a token associated with Believe, a platform that seeks to decentralize token launching through social interactions on X.

To launch a new token, one only needs to post its TICKER and NAME on X and add the tag 

 to automatically create the new token. The Believe team then tests it, and if it stands out, it’s featured on the platform's app to attract more support.

, this approach is based on a fair, simple and affordable launch, and applies a dynamic bonding curve model to issue tokens at a low cost. Once a coin reaches a $100K market cap, it graduates to Meteora (a 

), where it can access greater liquidity. Believe applies a dynamic fee structure, charging high initial fees that drop to 2% as the token’s price stabilizes.

Tokens on Believe are launched on the Solana network, which provides high speeds and low transaction costs. Once a coin is launched, it becomes available on Solana-supported platforms, such as Phantom, DEX Screener and 

Fees generated by the tokens are shared 50/50 between Believe and each token’s creator. The builder can claim their share by simply linking their X account to the Believe app. Any malicious behavior by the creator may block the fees.

However, there are some key differences between Believe and Pump.fun. For example, while tokens on Believe launch via X, on Pump.fun it’s web-based. Another difference is in the type of tokens launched. Believe focuses more on community-driven utility tokens, while Pump.fun deals with the launch of 

LAUNCHCOIN rebranded from PASTERNAK, a token launched by Ben Pasternak, who founded Clout (now known as Believe).

The rise of Launch Coin on Believe (LAUNCHCOIN)

LAUNCHCOIN has caused a buzz in the crypto scene — especially in May 2025. On May 2, LAUNCHCOIN rebranded from PASTERNAK, which had launched on Clout in January 2025, hitting a market cap of $80 million on launch day.

Since the rebranding, LAUNCHCOIN has experienced significant price spikes as Believe continues to grow and roll out developments on its platform. Notably, LAUNCHCOIN’s major rally occurred around May 13, when a renowned developer, Alex Leiman (co-founder of Plug AI, an AI dating app that got 1.5M downloads in 4.5 months), launched a crypto-powered gaming token called NOODLE on the Believe platform. The previous day, Pasternak had teased more upcoming updates on Believe through his X account.

As the Believe ecosystem continues to expand, LAUNCHCOIN has gained significant attention with unconfirmed speculation that it could be the native token for Believe.

Clout, a SocialFi platform centered on monetizing personal influence, merged the social monetization concept of 

 with the simple and fair token launch mechanism of Pump.fun. A decentralized social network on Coinbase's Base 

 blockchain, friend.tech allows users to buy and sell "keys" linked to X accounts, granting access to private chat rooms and exclusive content. 

Clout also monetizes social influence by allowing X users to issue personal tokens by binding their X accounts to Clout once they acquire 10,000 followers. One advantage Clout holds over friend.tech is that its tokens are automatically connected to 

, thereby opening sales to a broader market, while friend.tech's "keys" can only be traded within the platform.

Clout also leverages Pump. fun's simple token generation process to let users easily launch tokens within five minutes, and employs a bonding curve model whereby token prices increase with demand. But since Pump.fun operates on the Solana blockchain, it fails to attract Web 2.0 influencers — unlike Clout, which features a credit card payment channel, expanding its reach to Web 2.0 influencers on X.

Clout rebranded to Believe in May 2025. The rebranding signified the company's shift from the monetization of social interactions toward the democratization of token creation in order to support creative projects.

This transformation positions Believe as a "creative minting factory," enabling users to launch tokens by simply replying to a post on X with 

and the desired token name. The project’s owners keep their community engaged by regularly posting project updates on X, in addition to other community-building measures. By leveraging social media engagement, Believe aims to empower real-world applications and reduce reliance on individual personalities.

). The token has been listed in the platform's Innovation Zone, which features promising projects handpicked by the Bybit team. This gives you early access to projects with high reward potential, although they also carry higher risk and associated fees.

The rise of Believe and its native LAUNCHCOIN token marks a pivotal evolution in the way tokens can be created and adopted. By enabling users to launch tokens directly through social interactions, such as replying on X, Believe has radically lowered the barrier to entry. This accessibility fuels creativity, empowers niche communities and taps into viral potential, making it possible for anyone with an idea and a following to participate in the decentralized economy.

However, with this ease of access comes risk. The same tools that democratize token creation can also be misused for low-effort or short-lived projects, raising questions about long-term value, project legitimacy and user protection. Hence, 

Ultimately, Believe isn’t just about launching coins — it’s about launching communities. The platform thrives when tokens are rooted in shared purpose, not just hype. As the Believe ecosystem matures, its success will depend upon whether or not it can consistently attract builders who aim to add meaningful, sustainable value to the cryptocurrency market.

In this new era of participatory finance, LAUNCHCOIN and Believe represent both the promise and challenge of decentralized empowerment. With the right balance of innovation, oversight and community alignment, Believe could be a cornerstone of the next wave of 

Beginner

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Launch Coin on Believe (LAUNCHCOIN): The power of community launches

Explore how market psychology shapes crypto vs. stock trading—why emotions, hype, and volatility matter more in crypto than in traditional markets.

 refers to the collective sentiment, attitudes and beliefs of all participants in a particular market. It's one of the key factors affecting prices and dynamics within that market. Market psychology is often contrasted with market fundamentals, as it's often driven by emotions, perceptions and investor 

, rather than hard data. It has the potential to influence prices strongly, and is one of the key variables that traders need to take into account in their market analyses.

 differ significantly in terms of their respective market psychology. The cryptocurrency market's 

, strong herd mentality, attractiveness to high-risk traders and susceptibility to online hype create for it a unique market environment. Thus, its psychology is rarely driven by the same forces that influence emotions within stock markets.

Crypto herd mentality vs. stock institutional behavior 

Herd mentality may affect all kinds of financial markets, but nowhere is it as starkly evident as in the crypto world. The cryptocurrency investor community is known for its strong convictions and ideals, sometimes sticking to them even when the hard data dictates otherwise. As crypto influencers and analysts promote these ideas, much of the rest of the crowd joins in, amplifying the messages and recruiting more believers. 

This also creates the effect of an echo chamber in which individuals actively seek information to confirm their beliefs or hopes. Crypto influencers and ordinary users on social media and discussion forums actively promote the same concepts [e.g., 

 (BTC) soon reaching $1 million], providing support to each other's already established assumptions.

Additionally, two psychological phenomena have been observed to strongly influence the crypto investor community: 

FOMO's effect is particularly notable regarding new coins that are expected to imminently become future stars of the market. A coin may be actively promoted online, with many users predicting it will shoot "to the moon." Investors who don't want to miss out on this purported great opportunity sink their funds into the coin, joining the FOMO crowd.

The FUD effect often rises over the crypto horizon when the market turns bearish, and many assets, including the leading ones (Bitcoin and 

) start losing ground. Panic sets in, with fears gathering about the future of the crypto you hold popping up in your mind, forcing you to react less than rationally.

In contrast to that of the crypto market, stock market psychology is less influenced by herd mentality, FOMO and FUD. Equity investors place far more emphasis on company news, macroeconomic data and actions of large institutional investors, i.e., the market’s major movers and shakers.

The crypto market is known for its higher volatility as compared to that of stocks. This spells both potentially better return opportunities and higher risks. Due to this property of the crypto market, it tends to attract investors with a penchant for risk. 

In contrast, stock market investors are generally more risk-averse. This difference in investor attitudes results in notably divergent market psychologies between cryptos and stocks.

Speculation and expectations of quick profits are prominent in the crypto market. Many crypto investors are trying to earn outsized returns by finding coins that promise explosive growth rates within the shortest time frames.

On the other hand, stock market investors are mainly driven by key fundamentals, such as profit & loss ratios, companies’ dividends histories and overall indicators of companies’ long-term financial health. 

As a result, the crypto market has a much higher proportion of participants with short-term investment outlooks — also a key contributor to the significantly different collective psychologies of the two markets.

Crypto investors tend to gravitate toward social media and online crypto news. Online discussions of coins — and predictions posted by influencers spread — like wildfire in the crypto world, strongly influencing investors’ perceptions, psychology and eventually their actions. 

On the other hand, the stock market is less reactive to online trends or hype. Stock market investors are more likely to patiently wait for key macroeconomic news, major company announcements and quarterly earnings reports posted by companies to help them decide on their courses of action. 

As a result, news and social media content have a much more impactful and immediate effect on the crypto market. For instance, a totally new cryptocurrency, often a 

, might be spun hard on social media, leading it to jump from obscurity to billions of dollars in market cap within days. 

 (PEPE), the crypto market's third-highest-capped meme coin (as of mid-May 2025). Launched on Apr 17, 2023, PEPE skyrocketed to a market cap of over $1.5 billion within 18 days of its market presence, thanks to heavy online promotion. Few companies in the stock market could ever dream of pulling off anything remotely similar.

Why understanding market psychology is crucial for traders 

Understanding crypto and equity market psychologies and their differences is crucial for traders, as market psychology is a key element affecting prices for both of these asset types. Stock investors have long used sentiment indicators, such as the CNN-published Fear & Greed Index, to gauge what emotions are prevailing. Although less established, similar indices are also available for crypto investors. Some of the more popular ones include the Crypto Fear and Greed indices published by 

In order to trade effectively, crypto investors are well advised to incorporate these indices into their decision-making as a complement to 

Additionally, and particularly when the market is in the grip of extreme emotions, applying some basic 

 strategies is essential. For fear-driven markets, setting 

, hedging and limiting your appetite for leverage are among the key recommendations. Meanwhile, for greed-driven markets, good strategies include placing 

 orders and sticking only to trades that meet your criteria to the dot, i.e., not chasing trades that might look tempting but don’t satisfy your defined limits.

Specifically for crypto, other sentiment data besides the major Fear and Greed indices (such as social media sentiment measures and on-chain analytics) should also be in your trading toolbox. 

And if you’re active in the stock market, use 

 data liberally as a vital addition to technical analysis. Some of the most useful fundamental data pieces for the stock market include macroeconomic indicators, global economic and political news, company announcements, industry reports and major government policies on trade and economy.

Market psychology is a powerful driver of prices and conditions in both the crypto and stock markets. Due to their inherent differences, these two markets feature vastly different psychologies. Herd mentality, online hype, the influence of news and social media discussions, speculative trader behavior and overall volatility are significantly higher in the crypto market, something to always keep in mind for anyone interested in successful cryptocurrency trading.

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How market psychology differs between crypto and stocks — and why it matters

Vitalik Buterin has proposed adding “partially stateless nodes” to Ethereum’s scaling roadmap to make running a personal node easier, boosting privacy and censorship resistance.

The S&P 500 fell 0.2%, ending a six-day rally amid deficit concerns and global tensions, as the Fed signaled a continued pause on rate hikes. Gold jumped 1.5% to $3,289 after Moody’s downgraded the US credit rating, boosting safe-haven demand. Despite high yields, global rate cuts support a rally toward $3,300. The Coindesk Indices, which tracks the broader crypto market, rose 0.07%, with Bitcoin up 1.41% and Ether down 0.32%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is COW, up 7.4% after CoW Protocol adopted Fair Combinatorial Auctions to improve trade execution and strengthen MEV resistance.

CoW DAO (COW), launched in 2021, is a decentralized platform offering secure, efficient crypto trading through CoW Protocol, an MEV blocker, and a protection-focused AMM. It spun off from GnosisDAO in 2022 to help DeFi users avoid exploits like MEV and LVR. 

 is replacing its single batch auctions with Fair Combinatorial Auctions (FCA), enabling solvers to submit multiple bids—both individual and bundled. This upgrade improves trade execution, fairness, and MEV resistance while increasing filled orders, lowering slippage, and boosting solver rewards by ~25%.

Check out the latest prices, charts, and data of 

 adding “partially stateless nodes” to Ethereum’s scaling roadmap to make running a personal node easier, boosting privacy and censorship resistance. These nodes can verify blocks without storing full history, reducing reliance on centralized RPC providers. The proposal follows Ethereum’s recent Pectra upgrade and comes amid strong ETH price gains.

Yesterday, Bitcoin spot ETFs saw $41.7M in total inflows, all from non-GBTC funds, while GBTC recorded no flow.

 is offering 500 free points for tweeting about a time you experienced slow blockchain transactions due to congestion, and explaining how Linera’s microchains solve the issue. To qualify, include “microchains” in your tweet and tag Linera. You can also earn bonus points by retweeting Linera-related tweets (+1) and replying to them (+5).

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Vitalik proposes “partially stateless nodes” to boost Ethereum privacy and decentralization

Celebrate Bybit's 70 million user milestone with a recap of another packed episode of  Backstage with Ben, where we discuss partnerships and product updates, Ben’s outlook for the next half of 2025 and more.

Bybit has just crossed a major milestone — 70  million users worldwide — and we’re celebrating with another packed episode of  

. In episode  32, we discuss soaring capital inflows, partnerships and product updates unveiled live from Dubai’s Token2049 week, plus Ben’s outlook for the next half of 2025. Whether you missed the live stream or just want the highlights, here’s everything you need to know.

Bybit has officially hit 70 million registered users worldwide! This achievement reflects the dedication of our global community and the trust users place in our platform for secure, efficient and innovative crypto services. 

Reaching this milestone underscores our commitment to expanding access to digital assets and delivering a seamless experience across both spot and derivatives trading, web3 products and more.

 for a chance to win from a prize pool of 140,000 USDT. Simply deposit and trade to win 7 USDT — and win even more by inviting your friends to join.

 in Dubai, Bybit rolled out a suite of updates designed to improve liquidity, security and trading tools for all users. First, Bybit’s liquidity has fully rebounded, and a 

 from digital markets provider Kaiko shows that Bybit’s market depth for top trading pairs ranks among the highest globally. That means retail traders now enjoy reduced slippage and faster order execution.

, a third institutional custodian alongside Copper and Fireblocks. This collaboration enhances asset security and paves the way for future integrations with banks and regulated entities. On the developer front, we’re sponsoring a 

, and will be inviting builders to create innovative DApps with competitive prizes and mentorship.

 went live as a new research tool that aggregates on‑chain metrics, social sentiment and fundamental data into a single dashboard. Later this quarter, we’ll merge Lens with 

, unifying fundamental and technical analysis in one place. For all desktop users, our order form now offers granular customization, from hiding unused fields to toggling between base and quote displays.

Mobile trading has seen several enhancements as well. We’ve combined spot and margin layouts into one interface, added chart‑based order placement so you can tap directly on price charts to execute trades, and introduced a calendar tab highlighting upcoming economic events that could impact crypto markets. Coming soon, funding rate alerts will notify you when rates cross user‑defined thresholds, even if your device is idle.

Last but not least, we’ve also expanded 

, and launched a Telegram mini app enabling users to stake, earn and leverage products without leaving their messaging platform. VIP members now receive personalized daily reports tailored to their holdings, powered by SoSoValue data. Meanwhile, in the P2P section, we’ve added a filter so you can transact with trusted merchants more easily. In addition, we’ve rolled out zero‑fee deposits for the Vietnamese dong and upcoming support for the Kazakhstani tenge.

Looking ahead to the second half of 2025, we’re focused on broadening regulatory compliance and product innovation. We expect to finalize our MiCA license in Europe and secure additional approvals to offer bank‑linked fiat on‑ and off‑ramps across multiple regions. In Vietnam, we’re 

 to support the sandbox regime, which will introduce direct bank channels and enhance user protections beyond P2P.

Institutional offerings will expand with new custody integrations and direct bank connections, enabling corporate clients and funds to transact with minimal counterparty risk. On the innovation front, our road map includes the public beta of merge trading, allowing automated arbitrage across spot and perpetual markets at half the normal fee rate. We’ll also rename our USDC Perpetual contracts and introduce Copy Trading competitions featuring live leaderboards and instant prize claims.

On the education front, we’ll grow our Learn Live series and Learn Community Hub, delivering timely market insights, tutorials and expert interviews. In addition, we’re planning more on‑site events globally to engage regional communities and gather feedback directly from our users and community members.

Surpassing 70 million users marks a significant chapter for Bybit. Stay tuned for more updates, and 

 as we shape the future of finance together.

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Backstage with Ben, Episode 32 ICYMI: Soaring inflows, Tomorrowland Brasil, gold rally and more!

Trading

Strategies

Trading breakouts involves capturing significant price movements by identifying critical levels of support and resistance, and then anticipating a break of those key levels. Read to learn all about breakout trading.

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Breakout trading is a popular strategy among retail traders in the cryptocurrency market. It involves identifying key 

 levels and capitalizing on price movements beyond those thresholds. While the breakout trading strategy can be highly profitable if executed correctly, it comes with risks. This article aims to guide you in mastering the art of trading breakouts, from understanding common breakout patterns to learning how to confirm a breakout and avoid a false breakout.

Breakout trading is an entry strategy that aims to capture significant price movements that occur when the market breaks through a pivotal level of support or resistance. It’s based on the belief that when an asset's price breaks out of a trading range, it will continue to move in the direction of the breakout. This important trading strategy is often used by traders seeking to profit from volatility and capitalize on the potential for significant gains.

Support and resistance levels are critical components in trading breakouts. Understanding these levels helps traders read the price action on a chart to identify potential breakouts and make informed trading decisions. Let's take a closer look at support and resistance levels.

Support refers to a price level at which buying pressure is expected to be robust enough to prevent the price from falling further. It’s sometimes referred to as a “demand zone,” as sellers withdraw and buyers flood in, perceiving that the price is favorable. Support acts as a price floor, indicating a level where demand exceeds supply. When the price approaches a key support level, traders anticipate a potential upward bounce in price or a new trend to the upside.

Resistance denotes a price level where the selling pressure is presumed strong enough to prevent the price from rising further. It’s sometimes referred to as a "supply zone" as buyers stop buying and sellers start selling. Resistance functions as a price ceiling, indicating a level at which supply surpasses demand. As a price nears the resistance level, traders expect a potential price rejection or a break to the downside.

A breakout occurs when traders anticipate these support or resistance levels will be surpassed, no longer constraining prices. Therefore, breakout traders will aim to buy above resistance and sell below support, unlike most novice traders, who typically buy at support and sell at resistance. This approach may initially seem a little counterintuitive, but breakout traders can effectively estimate potential level breaches using patterns and indicators.

Breakout traders look for several common chart patterns when implementing a strategy. These patterns provide valuable insights into potential price movements, and help traders identify entry and exit points. 

Below, let’s explore some of the most widely used breakout patterns in cryptocurrency trading.

These are just a few examples of common breakout patterns. Traders should 

, and learn to recognize them in real-time market conditions.

Best Technical Indicators for a Breakout Trade

Since they help traders confirm potential breakout opportunities, technical indicators play an indispensable role in trading breakouts. Here are some of the best technical indicators that can be used in breakout strategies.

It’s important to note that technical indicators shouldn’t be used in isolation. Traders need to consider multiple indicators, and analyze them in conjunction with other technical and 

 to bolster the probability of successful breakout trades.

It’s essential to confirm a breakout in order to avoid a false one — as well as to enhance the likelihood of a profitable trade. Here are some techniques that traders can use to confirm when the market breaks:

 — As mentioned earlier, volume plays a vital role in confirming a breakout. Traders should look for high volume during a breakout to validate its strength. An increase in volume suggests strong participation and conviction from market participants, raising the probability of a successful breakout.

—Traders also need to look for price confirmation to validate a breakout. For example, if a bullish breakout occurs, they may want to enter a few points above resistance to help confirm that the breakout is genuine. Similarly, in the event of a bearish breakout, traders may want to see the price continue a couple of points below support before entering.

— Time confirmation refers to the duration of the breakout. Traders are advised to wait until a breakout sustains a certain period before entering. For example, some traders will wait for the 

 to close on a breakout before entering. This helps filter out false breakouts and quick reversals that leave behind long wicks on the price charts, ensuring that the breakout has sufficient momentum to generate profitable trades.

With these confirmation techniques, traders can boost their chances of identifying genuine breakouts — and avoid getting caught in false signals.

A false breakout can be frustrating and result in unnecessary losses. To avert such situations, traders can employ the following strategies:

—Traders need to be patient and wait for confirmation before entering a trade. It’s better to miss a potential breakout than to enter a trade prematurely and suffer losses from a false breakout. Waiting for confirmation through volume, price and time can significantly reduce the risk of entering trades during false breakouts.

 can help traders filter out false breakouts. If a breakout is surfacing only on a lower time frame, but not on a higher one, this may signal a false breakout. By analyzing breakouts on multiple time frames, traders can bolster their confidence in the validity of a breakout.

 techniques are crucial in breakout trading. It’s wise to set appropriate 

 to limit potential losses in case of a false breakout. Additionally, using 

 techniques can help manage risk and protect capital.

By incorporating these strategies, traders can minimize the risks of false breakouts and increase their chances of profitable trades.

What’s the Best Time Frame to Trade Breakouts?

The best time frame to trade breakouts depends upon the trader's individual preferences, trading style and availability: 

Regardless of your chosen time frame, the most crucial concept to remember is that breakouts thrive on volatility. If you’re a short-term trader, make your trades during the times of day when there’s heightened liquidity and volatility in the market. That additional boost of volatility is necessary in order to breach support and resistance levels. For example, short-term traders would do well to stay away from the early part of the Asian trading session on weekends in order to mitigate potential risks.

Pros and Cons of the Breakout Trading Strategy

Like any trading strategy, breakout trading has its own set of advantages and disadvantages. Let's explore some of the pros and cons of breakout trading.

: Breakout trading provides clear entry and exit points, making it easier for traders to plan their trades and manage risk. When a breakout occurs, traders can enter the market at the breakout point and set stop-loss orders at the recent swing to limit potential losses.

: Breakout trading aligns with the trend-following approach, allowing traders to leverage established market trends. By trading breakouts in the direction of a trend, they can augment their chances of successful trades and potentially ride significant price movements.

: Breakout trading can be applied to various asset classes, including cryptocurrencies, stocks, forex and commodities. This versatility allows traders to explore different markets and diversify their trading portfolios.

: False breakouts can be a challenge in breakout trading. Misidentifying a breakout can result in losses as the price quickly reverses and goes against the trader's position. Traders need to employ proper risk management strategies in order to minimize the impact of false breakouts.

, breakouts will most likely fail. If the trader doesn’t correctly analyze the current market environment, they may be influenced by market noise and false signals.

: Breakout trading requires emotional discipline, as traders need to remain patient and wait for confirmation before entering a trade. Impulsive trading or entering trades based on emotions can lead to poor decision-making and result in losses.

Breakout trading is a favored strategy among retail traders in the cryptocurrency market, since it offers a systematic approach to capturing significant price movements by identifying key levels of support and resistance. While offering distinct entry and exit points and alignment with trends, breakout trading also carries certain risks, such as false breakouts and market noise. Mastering proper confirmation techniques, adept use of technical indicators and practicing effective risk management are essential steps to achieving success with this strategy.

Breakout Trading Strategy: How to Trade Breakouts

Compete for 2,500 USDT USDT Every Week

Breakout Trading Strategy: How to Trade Breakouts

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards