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The Turbo price surged 20% in the last 24 hours to trade at $0.006122 as of 4 a.m. EST on trading volume that skyrocketed 175% to $166.7 million.
Turbo’s performance made it the top performing token among the biggest 100 meme coins by market capitalization.
TURBO, which claims to be the first token created by AI, says its momentum comes from community members who have united ”to reject the status quo.”
🚀 $TURBO Revolution 🚀
Never doubt the power of a social movement when people unite in force to reject the status quo. 🌐
The incredible momentum in process will propel $TURBO to become the #1 Memecoin. 💪
Nobody stays #1 forever #TurboToken #MemeCoinof2024 pic.twitter.com/JpJzqUqo8b
— Turbo 🐸 (@TurboToadToken) June 10, 2024
The project further said that the community effort is stealing the show and proving that collective action can outperform traditional markets, which were designed to only enrich the few.
🚀 $TURBO – Making History 🚀
🌟 Our community effort is stealing the show, proving that collective action can outperform traditional markets that only serve to enrich the few. 🌟
🤝 The people are uniting and showing the world how high we can go. 🤝#TurboToken #Revolution pic.twitter.com/vos0Jtfq7b
— Turbo 🐸 (@TurboToadToken) June 9, 2024
However, the project is aware that no one can stay in the lead for long, and, indeed, its price is starting to lose its footing. It has seemingly found a strong support to hold its value for now, but whether or not this will remain the case has yet to be seen.
Turbo Price Prediction
The Turbo price struggled to breach the resistance at $0.0065 throughout the past week, even dropping to a support at $0.0060 in the second half. However, once the weekend arrived, the token saw its price drop to $0.0050, only to surge again late on Sunday, recovering completely from the correction that took place on Friday.
However, as of Monday morning, TURBO is still stuck between $0.0060 and $0.0065, with several technical indicators suggesting that another drop might be coming.
The token’s Bollinger bands have rapidly narrowed over the last several hours, going from their widest point in the past week to the complete opposite. This is considered a bearish signal, and it is complemented by the project’s Relative Strength Index (RSI) value.
Turbo’s RSI blew up late Sunday as traders started pumping its price, causing the metric to head deep into the overbought zone. The RSI climbed up to 90, which was a signal to many to take profit, and so traders started selling, which led the RSI to drop to the neutral zone at 52.
The big question now is whether traders will continue to sell, causing TURBO’s price to spiral down even further, or will opportunity seekers buy the dip already and allow the token’s price drop to be stopped by the support at $0.0060 once more?
For the moment, that seems to be the case, but if some latecomers decide to join the sale, TURBO could break the support and spiral down back to $0.0050. In other words, the traders’ behavior will decide what will happen in hours to come, but for now, it appears that the token managed to reach a certain stability right above the support at $0.0060.
Promising Alternative To Turbo
With Turbo showing signs of a potential correction, it might be worthwhile to consider an alternative. The safest alternatives in a declining cryptocurrency market are stablecoins, but they will only safeguard the value of your investment.
If you seek high-reward, high-risk assets, you might consider a promising cryptocurrency still in presale, such as Mega Dice (DICE).
DICE is a cryptocurrency created by Mega Dice Casino, an established crypto casino that launched last year. It has amassed over 50,000 registered users and more than 10,000 monthly active users who bet more than $50 million every month.
This provides the casino and its presale with a huge community of potential investors, and its presale has already raised nearly $1.5 million.
$DICE presale has raised $1.4 Million 🚀
Current tier price: 0.075 💰
Current presale target: $2M 💰We're implementing multiple tiered price increases, so make sure to secure your #DICE early! Don't forget, you can now utilize your $DICE directly in our Web and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024
The token will offer benefits including daily rewards to holders, access to limited edition NFTs, referral rewards, and more.
Plus, you can also stake your DICE tokens and participate in a DICE airdrop that offers giveaways of $2.25 million spread over three seasons of $750k each. Season two is now underway.
Crypto YouTuber TodayTrader spoke at length about the airdrop in one of his recent videos, and why holders should make sure they qualify for it as soon as possible.
DICE tokens are priced at $0.075 each. If you wish to join the ICO, you can buy DICE with SOL, ETH, or BNB.
Buy DICE tokens on the official website here.
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