The meme coin super-cycle has arrived, and Turbo is experiencing a significant breakout, with its price surging.
But can the Turbo meme coin reach a $1 billion market cap?
At Token2049, Murad Mahmudov predicted a meme coin super cycle, and although many initially scoffed, they’re not laughing anymore.
Currently, every major meme coin is undergoing sensational pumps, proving Mahmudov’s forecast remarkably prescient.
Leading the charge this week is the impressive breakout of yellow-frog TURBO, which is swiftly approaching a $1 billion market cap and currently ranks as the #10 meme coin in the crypto market.
With strong community backing, stories of sensational returns from TURBO meme coin holders are rocking crypto Twitter.
In one instance, a barber risked their entire $50K life savings on the play by investing at a market cap of $80M.
This investment now stands at $480k, an astronomical 858% gain – truly life-changing and a huge demonstration of the meme coin’s growth.
So, as TURBO continues its climb towards $1bn, let’s examine the latest TURBO price trends and investigate whether it’s still a good investment at these levels or whether there could be hotter plays for FOMO traders in the meme coin market.
TURBO Price Analysis: Will TURBO Token Hit $1Bn Market Cap in a Short Time Frame?
As TURBO crypto enters minor localized retracement, it is currently trading at a market price of $0.011 (representing a 24-hour change of -10.26%).
The drawback comes as bulls seek to consolidate the huge +90% move formed over the past five days, following major technical strengthening stemming from a multi-month breakout.
Indeed, since June, TURBO has been trapped by resistance stemming from a multi-month descendant upper-trendline, which seemed set to sink the token’s prospects.
Yet, an initial breakout on September 19, followed by a re-test of the upper trendline on October 2, set the stage for lift-off as the 20DMA pushed high to provide a breakout foothold for TURBO price at $0.006.
Meanwhile, this week’s massive pump has seen the RSI shift to extremely over-bought levels at 71.5.
Now in price exploration territory, all eyes are on TURBO’s market cap of $767M for clues to the next move. With $1bn forming the obvious target for bulls (a potential +30.8% move from here).
On the longer time frame, if TURBO bulls are able to sustain this momentum, it’s not unrealistic for TURBO to hit a market cap similar to another recent breakout – POPCAT – at $1.25bn (a +68% move from here).
This suggests a possible range price exploration target for TURBO crypto between $0.0145 ($1bn) and $0.0185 ($1.25bn) in the near future.
For further analysis, check out our latest YouTube technical breakdown.
Yet, for FOMO traders, a 68% gain from TURBO crypto fails to stir excitement; similar gains could easily be found from lower-risk utility tokens, as shown by the impressive STORJ crypto gain this week.
Could Another Viral Meme Coin Outperform TURBO’s Projected 68% Gain This Week?
But while TURBO’s growth is nothing to laugh at, a much hotter play has gone viral in the market this week, with the far more alluring entry point of a $20M market cap.
Banded as the successor to Pepe, Pepe Unchained has emerged as the coin of choice amongst prudent meme coin traders this week – with far more serious utility than any vapid meme coin in the space.
But what exactly is it? Pepe Unchained aims to build a true ‘frog coin’ chain, namely, a layer-2 blockchain for the Pepe ecosystem.
No longer constrained in growth by the woes of ERC-20, the developers behind Pepe Unchained are on a mission to create the most exciting meme coin-centric layer-2 solution in the market – something smart money investors know is an unbeatable idea in the emerging meme coin supercycle.
The idea is simple: retail traders love meme coins, yet barriers to deployment remain high due to Ethereum’s slow and expensive transactional fees.
This has been a critical problem preventing Pepe from stealing the top spot from Dogecoin, which boasts its own blockchain and an entire ecosystem utilizing its layer-1 (creating a constant force on Dogecoin buy-pressure).
The same impact can be seen in Shibarium, Shiba Inu’s layer-2 blockchain, which has helped to cement SHIB’s spot as the second-biggest blockchain.
Pepe Unchained will change this state of play, introducing an entirely new blockchain ecosystem designed for degens, by degens.
With a cross-chain bridge already in the works, alongside a plethora of DeFi projects, a custom block explorer, and even a designated BUIDL fund (Frens with Benefits) to incentivize ecosystem development – it comes as no surprise that analysts are labeling Pepe Unchained the most undervalued meme coin project in the crypto market.
To top it off, you can profit from this venture, with the Pepe Unchained team offering early-bird access to a near viral $PEPU token presale – which has currently raised a jaw-dropping $19.95M.
Better yet? Investing in the $PEPU presale using Ethereum, USDT, or a simple VISA card can instantly stake your $PEPU presale tokens for an additional market-beating 111% APY.
So don’t miss out on life-changing gains by chasing a measly 68% from TURBO.
Stay current by engaging with the Pepe Unchained community on X and Telegram.
Find Out More About Pepe Unchained Here
The post $TURBO Soars 33% and Nears $1 Billion – Is This the Next Crypto Set to Skyrocket? appeared first on Cryptonews.
