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The Turbo price skyrocketed 47% in the last 24 hours to trade at $0.0066113 as of 4 a.m. EST on trading volume that surged 14% to $239.4 million.
Turbo has seen a massive increase in the last day, but this still pales compared to its 392% surge in the last seven days. The project’s surge came soon after Turbo announced its listing on the Cryptology Exchange. It also attracted interest by being the first AI-generated meme coin, which allows other artists to use AI to express their creativity.
📢 $TURBO is now listed on @CryptologyCEX!
Welcome in the Turbo Fam @CryptologyCEX 🐸🔥🚀 https://t.co/joZUx3xxDM
— Turbo 🐸 (@TurboToadToken) May 21, 2024
The project quickly started rapidly accelerating around May 23, reporting that there was also a surge in activity among its community members. It announced a goal of earning a spot among the top 10 meme coins, and it hinted at an entire range of developments expected to take place over the next three weeks.
Along the way, the project also announced TURBO pairs, which are coming live to KoinBX, one of the largest crypto exchanges in India.
🚀 $TURBO pairs are coming live to KoinBX, one of India's largest crypto exchanges!
FIU registered and fully compliant with Indian regulations, KoinBX unlocks a huge market for $TURBO.
It’s also a top 100 CoinMarketCap exchange! 🌟 #Crypto #TURBO #KoinBX #CryptoListing… pic.twitter.com/VcTFw78VSg
— Turbo 🐸 (@TurboToadToken) May 25, 2024
Turbo Price Prediction
Turbo price has been skyrocketing over the past five days, going from $0.001516 on May 22 to its current all-time high of $0.006113, which is where the token sits at the time of writing. The token nearly reached $0.0070 only a few hours ago before experiencing a slight correction, as can be seen on its chart.
Looking at its Relative Strength Index, a sharp drop can be noticed here as well, mirroring the price drop. This suggests that the price has started correcting after traders started taking profit. The RSI skyrocketed deep into the overbought zone, as traders rapidly started buying TURBO, which also pumped its value.
But, with the RSI hitting and exceeding the value of 80, the traders started selling, likely out of FOMO, and the price started to correct somewhat.
The project’s Bollinger bands still remain extremely wide, which signals that traders have not yet lost faith in the project’s potential to grow further. However, many might join those selling right now, which could lead to a larger correction shortly.
In terms of price, that could bring TURBO down to $0.0055, or possibly even $0.0045, if the correction ends up being severe enough. However, it is just as likely that traders will move in to buy the dip long before TURBO corrects to such low levels, meaning that the pump could continue after a brief pause.
For the moment, it all depends on what the traders will do next, so the best thing that can be done is to closely monitor the market and try to react as the situation unfolds.
Promising Alternative to Turbo
Turbo is currently the star of the meme coin sector, but those who have been in the industry for long know that the crypto industry is ever-changing. With that said, it is only a matter of time before a new project with an even greater potential will outperform it. Some experts believe Sealana, a Solana-based meme coin, has such potential.
Sealana is a seal-based meme coin, and a very popular one, at that. Many view it as one of the latest examples of “true” meme coins, as it doesn’t promise utilities or major returns. Instead, it is just there for the meme, to make your portfolio fun and diverse.
It depicts a “chubby seal who’s taken a deep dive into the Solana Sea. Whaled at his PC and growing by the day, Sealana is so absorbed in the degen market that he’s abandoned the gorgeous figure of his youth for a trader’s diet of chips and tinned tuna.” The project partially criticizes the obsession with looking for the white whale among meme coins, pointing out how obsessive and unhealthy it can be.
At the same time, it shows that it understands those who seek new opportunities, and this understanding is what drove many investors to it.
Y’all listen up!📢
When #Sealana said "MAKE AMERICA GREAT AGAIN", he meant we gotta finish buildin’ that god darn wall! 🧱🇺🇸
Creatin’ a land of prosperity where all American $SEALS can shoot guns🔫, drink drive🛻, and leave the trailer park behind!🏚️🚀
Join the #Presale, bag some… pic.twitter.com/GldZlorvvB— Sealana (@Sealana_Token) May 17, 2024
Sealana became a multi-million presale weeks ago and is currently approaching $3 million raised, sitting at $2.92m at the time of writing. Its token, SEAL, sells for $0.022 and can be bought with a card, ETH, USDT, BNB, or SOL.
With the expert being quite bullish on the project, it is worth considering adding it to your portfolio, as there is clearly demand for it, even if you doubt the predictions of it doing well post-launch for what it is.
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