Turbo has been on fire lately, up 48% in the past week and 140% this month.
But with that, can it keep going up, or has the opportunity for big gains passed?
Turbo Enters Price Discovery, Catches Tailwind From AI Meme Coin Meta
To understand why Turbo is pumping, we must first grasp its origin story. Per its website, Turbo was the first meme coin created by AI.
However, an outlandish new meta is forming around AI meme coins after billionaire venture capitalist Marc Andreessen made a breakthrough in AI-crypto interaction.
Andreessen sent $50K to an AI bot, which spawned a meme coin that is now worth $150 million.
The intricacies of the story are truly mind-blowing, reflecting the adaptive and disruptive influence of AI, even on financial markets.
While the details of Adreessen’s AI experiment are beyond the scope of this article, it must be mentioned since it shines a spotlight on Turbo.
Should the AI meme coin meta continue to gather pace, Turbo will undoubtedly benefit, given its position as the first AI-created meme coin.
Conversely, some traders are concerned that Turbo has reached a local top.
LookOnChain recently reported that the Turbo team sent over tokens $9 million worth of tokens to Binance and OKX today.
This indicates the team is selling tokens, which is typically a bearish sign.
Analyst KuperCurt commented on this, noting it’s happening near an important support level.
Should this support breakdown, Turbo could see a much steeper correction.
While the AI meme coin meta is gaining pace – and providing a tailwind to Turbo – traders must exercise caution due to Turbo’s potentially inflated price and the team’s questionable selling activity.
For those seeking an alternative to Turbo, Pepe Unchained is a promising alternative to consider. Its shaking the market by being the world’s first meme coin with a layer 2 blockchain.
It’s called Pepe Unchained and is undergoing a presale where it has raised almost $20 million.
Experts Say Pepe Unchained Will Pump Higher Than Turbo
Turbo has a $700 million market cap on its claim as the world’s first AI-created meme coin. Now, Pepe Unchained is making history as the first meme coin with its own blockchain.
They’re building an Ethereum layer 2 network that’s 100x faster and far cheaper than Ethereum.
The idea is that it will be a home for meme coins and meme coin-related apps on Ethereum. Essentially, this makes $PEPU an infrastructure play, which means its price will benefit from its ecosystem growth, as SOL benefits from Solana’s growth, for example.
Pepe Chain will come with staking, a block explorer, a dedicated Ethereum bridge, a decentralized exchange, and more.
It will also run a developer grants program starting in Q4. This program will pay builders to create projects on the Pepe Chain, expediting ecosystem growth and, therefore, user adoption.
Pepe Unchained is a compelling combination of viral meme coin and innovative utility coin. As such, analysts are bracing for huge gains. ClayBro even says its price could 100x, which would far outperform Turbo.
However, he underscored that the presale price will rise throughout the ICO.
This means that those seeking the most upside potential must not wait around.