Turbo is showing bullish movements in charts, with analysts and investors looking for another upward trend, like the one that happened in May 2024. It has never come down from that boom, and with the tight movements, we can see the arrival of a breakthrough.
As an experimental meme coin made by AI for web3 enthusiasts, we cannot use traditional tools to calculate the future price. It is evident in history that meme coins never travel the regular path, and the price is driven by various factors like virality and media exposure than the real use cases.
Despite the ongoing steady movement and bullish chart results, Turbo coin is still prone to highly volatile ups and downs. In this article, we will travel through all the data and other aspects of the coin to create a short-term and long-term price prediction for you. Along with this, we will provide a buying guide and check whether it is an important investment or not.
What is Turbo?
Turbo was initially started as a digital art-focused platform and later evolved into a web3 meme coin ecosystem. The token generation was guided by GPT-4 and the budget was 69 dollars.
After the launch in early 2023, the platform emerged into a vibrant meme ecosystem with the arrival of passionate community members. Now, each member contributes to its growth by getting involved in various activities.
The TURBO Token
It is used for voting, governance, and all transactions. All the community members should hold a specific number of Turbo tokens to participate in the ecosystem activities. Here are the particulars of the token:
- Token Ticker: $TURBO
- Ethereum ERC-20 Contract Address: 0xa35923162c49cf95e6bf26623385eb431ad920d3
- Solana Contract Address: 2Dyzu65QA9zdX1UeE7Gx71k7fiwyUK6sZdrvJ7auq5wm
- Total Supply: 69,000,000,000 TURBO
- Market Cap: $394,548,697 (07/10/2024)
Fundamental Analysis: TURBO’s Tokenomics, Roadmap & On-Chain Data
Among the 69 billion tokens, 9 billion is allocated to the founders. The remaining tokens are solely reserved for the whole community. As a decentralized platform, the users can HODL the tokens and vote to contribute to the organic growth of the Turbo ecosystem.
The on-chain data shows that there are 39,406 token holders and 746,765 transfers as of today, and except for the uphold tokens and the exchange supply, the distribution is fully decentralized.
The data shows that no huge whales are controlling the market cap of Turbo, and the all-time growth to 832% seems like gradual organic progress. Also, the flexible, inclusive, and innovative roadmap has the potential to generate future investments.
Historical Data: The Ups & Downs of Turbo Token
Around a year ago, just after the launch, the price of Turbo went into a dip of $0.00006537. It never saw that position again, and after 8 months of that downtrend, the coin reached an all-time high 4 months ago.
On May 29, 2024, the price reached $0.00978, and the next 4 months saw movements from $0.003 to $0.006 repeatedly. This shows that after each sell pressure, the strength of the community helps it to create another upward flow, which creates a balance between the buy and sell.
TURBO Price Analysis: Insights from Prediction Models
The data from the technical analysis, by considering the Moving Averages, RSI & MACD, shows stronger buy signals than the sell and neutral. Also, the network activity is steadily increasing.
- Support & Resistance: Turbo repeatedly travels down to around $0.003 and bounces back to $0.006, which it struggles to break. When the token escapes from this recurrence, we can expect a boom.
- Market Sentiment: From April 2024 itself, the investor sentiment has been positive towards Turbo. The coin has a huge community support and the social media marketing has been helpful.
TURBO Long-Term Price Prediction 2025, 2026, 2027, 2028, 2029, 2030
Be aware that this price prediction is based on fundamental, technical, and sentiment analysis based on the data from the launch of the coin to today. We have tried our best to provide accurate data, however, as a volatile market, sudden price fluctuations are expected.
| Year | Yearly Low (USD) | Yearly High (USD) |
|---|---|---|
| 2025 | $ 0.006106 | $ 0.029169 |
| 2026 | $ 0.005079 | $ 0.01635 |
| 2027 | $ 0.005577 | $ 0.011512 |
| 2028 | $ 0.008274 | $ 0.019638 |
| 2029 | $ 0.015953 | $ 0.039718 |
| 2030 | $ 0.015745 | $ 0.025529 |
Current Market Overview: Is TURBO Apt for Short-Term Trading?
Most traders and analysts look for the Turbo to start its uptrend along with the expected altcoin bull run. The larger sentiment of the crypto market, including the US elections and ongoing war, can impact the altcoin prices, and we can expect a shift in November.
If you are planning for short-term trading, you can play between the support and resistance levels, however, we will probably begin to see changes from November 5th. It is advised to trade with a small portion of your savings.
Where to Buy TURBO Tokens?
The TURBO/USDT pair is available in popular exchanges like Binance, OKX, HTX, Kraken, Gate.io, and Crypto.com. Some of these exchanges have perpetual trading facilities for Turbo. Also, it is available in DEX like UniSwap, Raydium, Jupiter, and OpenOcean, with mostly the Wrapped ETH and SOL pairs.
Final Thoughts: Is TURBO a Good Investment Option?
As we covered above, the meme coin market is highly volatile and unpredictable. However, the data shows that it is a better long-term investment option than many other meme coins out there.
If you have savings that you can afford to lose, you can be involved in short-term trading, and to diversify your portfolio, it is suggested that you invest in a small portion.
Finally, it is up to you to decide whether to invest or not. Instead of depending on our prediction models and reviews, it is better to do your own research and understand more about the asset you are planning to buy. DYOR!
The post TURBO Price Prediction 2024, 2025 – 2030; appeared first on Kallanish Energy.
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