
The crypto market is down today, but Turbo remains up 50% this week.
Is this a good time to buy, or should traders await a bigger dip?
Turbo Pumps On Coinbase Listing and AI Boom
The strength behind Turboโs recent pump is two-fold.
First, this project was just listed on Coinbase, which will expose it to tens of millions of platform users who didnโt previously have access.
Unsurprisingly, this triggered a sharp price uprising. Turbo was also listed on Binance in September, so itโs now available on the two largest centralized exchanges.
The second reason for Turboโs strength is the rising demand for AI-related cryptos.
Turbo claims to be the first AI-created meme coin, launched in 2023. This historical claim works in its favor as the AI meme coin sector grows, and itโs blistering hot right now.
This year, AI-agent meme coins such as Goatseus Maximimus and ACT I: The AI Propehcy have emerged, and netizens are continually exploring new blockchain applications using them.
Analytics platform Kaito AI highlighted this in a recent tweet, noting that the bulk of crypto โmindshareโ is concentrated in the AI and meme coin sectors.
This creates a rising tide for AI-related meme coins, from which Turbo is benefitting.
However, unlike AI-agent meme coins, Turbo lacks utility. Traders must consider this since it may suppress its growth potential amidst the AI meme coin boom.
But what do the charts say?
Turbo Uptrend Not Over Yet
Turbo is currently trading at $0.011, down 11% today, up 48% this week, and up 18% this month.
While today’s sell-off may raise concerns, analysts believe the uptrend will continue in the weeks ahead.
Trader Sxei says that Turbo is preparing for its next leg up, which will take it to highs of $0.015.
However, on a higher time scale, the analyst suggests even more gains are at play, predicting highs of $0.06.
Cryptomojo agrees with Sxeiโs near-term target, noting that Turbo has broken a descending channel resistance level and will now veer toward $0.015.
With the rise of the AI meme coin sector and Turboโs recent strength, a move toward $0.015 is certainly achievable in the short term. In the long term, Sxeiโs $0.06 target could prove a bull market high for the frog-themed AI meme coin.
But as Turbo shows strength, another frog-themed meme coin has emerged and is making huge early progress. Itโs called Wall Street Pepe, and itโs currently undergoing a presale.
Is Wall Street Pepe The Next Big Frog Meme Coin?
Turbo does very little for its holders besides being a meme coin. However, Wall Street Pepe is making a name by leveling up its communityโs ability to make cash.
Encapsulating Pepe coinโs nonchalant demeanor and Jordan Belfortโs electric ambition, Wall Street Pepe is creating an army of investors who choose rich. The project is undergoing a presale and has raised $3.5 million so far.
Wall Street Pepe is more than a meme coin. Itโs an ecosystem comprising trading signals, data insights, meme coin picks, an insider trading group, staking, and trading rewards.
Essentially, theyโre creating a community and equipping it with all the tools needed for success in the crypto markers.
The $3.5 million presale raise shows a big nod of approval from investors. However, the project is also drawing attention from top analysts.
Recently, Austin Hilton said Wall Street Pepe is โabsolutely catching fire.โ
Hilton highlighted that the project is โdoing something completely different,โ which gives it big potential for after the ICO ends.
He also warned his 292K YouTube subscribers to act before itโs too late.
The current $WEPE price is $0.000207, but this will rise throughout the ICO, with the next increase in three days.
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