In the past month, the AI-generated memecoin Turbo has increased by 99 percent, similar to the data from CoinMarketCap. In the past week, its growth reached more than 200 percent. On the 30th of May 2024, 2024, the cryptocurrency’s price shot up to $0.007586 and then fell 22% later in the day. As of the writing time, Turbo is trading at $0.0067 with a market cap in the range of $422.8 million. In the last 24 hours, Turbo’s market capitalization was $600 million.
Highlights
| Parameter | Details |
|---|---|
| Recent Performance | 99% increase in the past month, over 200% in the past week |
| Current Price (June 2024) | $0.0053 |
| Market Cap (June 2024) | $363 million |
| Circulating Supply | ~69 billion tokens |
| All-Time High (May 2024) | $0.00978 |
| Creation | Invented in 2023 by Rhett Dashwood with ChatGPT, budget of $69 |
| Initial Popularity | Market cap rose from $50 to $70 million in two weeks |
| Recent Market Data (30th May 2024) | Price peaked at $0.007586, dropped 22% later to $0.0067, market cap of $422.8 million |
| Market Cap (24 hours) | $600 million |
What is Turbo?
The Turbo memecoin was invented in 2023 as a joke together with ChatGPT. Artist Rhett Dashwood requested AI to design an Ethereum-based token that had a budget of $69. This is the way Turbo was created.
From the beginning, Turbo became a popular cryptocurrency that had a huge online community thanks to the trend of artificial intelligence. In the space of just two weeks from the launch of Turbo, its market capitalization shot up from $50 to $70 million.
Turbo (TURBO) is a cryptocurrency that has received much attention because of its distinctive origins and rapidly changing price. The project was started as an experiment with a modest budget of $169. Turbo transformed into a prominent participant in the cryptocurrency market. This article focuses on the predictions of price for Turbo between 2024 and 2050 by analyzing different sources and the factors that may determine its value.
Current Market Overview
In June 2024, Turbo trades at about $0.0053 in value, with a market cap of $363 million. It also has a circulated amount of around 69 billion Turbo tokens. The token saw a major increase in 2024’s early years and reached an all-time high at $0.00978 in 2024 on the 29th of May prior to retracing back to the current levels.
Price Predictions for 2024
The estimates for Turbo’s cost in 2024 are wildly different from various sources:
- BitScreener: The forecasts predict the price range from $0.0002428 to $0.009803 with an anticipated median closing value of $0.004245.
- BeInCrypto: The report suggests a steady price and an outlook that is neutral for 2024.
- Coincu.com: The forecast predicts a substantial rise up to a median of $0.07674 at the end of 2024.
- SwapSpace: The estimated price is $0.00498355 with potential for growth as high as $0.005562.
- As per CoinCodex price forecast in 2024, Turbo will likely trade in the range of $0.006517 between $0.006517 and $0.029042. If it reaches a higher price, it will likely increase by 345.56 percent to reach $0.029042. On the other hand, Wallet Investor forecasts that by the end of 2024, Turbo’s highest price could be just $0.00691.
| Price Predictions for 2024 | Source |
|---|---|
| $0.0002428 to $0.009803, median $0.004245 | BitScreener |
| Neutral outlook | BeInCrypto |
| Median $0.07674 | Coincu.com |
| $0.00498355 to $0.005562 | SwapSpace |
| $0.006517 to $0.029042 | CoinCodex |
| Up to $0.00691 | Wallet Investor |
Price Predictions for 2025
Looking forward to 2025, predictions continue to reveal an array of possible outcomes:
- BitScreener: The price is expected to fluctuate from $0.003705 to $0.01538, and an optimistic sentiment suggests a possible price of $0.008975.
- Coincu.com: It is projected that the price will rise by an average of $0.1318 in 2025.
- SwapSpace: It provides an estimation that is more cautious and prices that range between $0.000602 to $0.01056.
- CoinDataFlow: Predicts an average price of $0.0288, reflecting an optimistic future outlook.
- Based on our forecast for the price of Turbo, CoinCodex anticipates Turbo will trade between $0.006517 and $0.029042 in the coming year. If Turbo achieves the higher price target of $0.029042, the price could rise by 345.29 percent. But, according to Wallet Investor’s forecast, Turbo’s value at the end of 2025 may only reach $0.009010.
| Price Predictions for 2025 | Source |
|---|---|
| $0.003705 to $0.01538, median $0.008975 | BitScreener |
| Median $0.1318 | Coincu.com |
| $0.000602 to $0.01056 | SwapSpace |
| $0.0288 | CoinDataFlow |
| $0.006517 to $0.029042 | CoinCodex |
| Up to $0.009010 | Wallet Investor |
Long-Term Predictions (2026-2030)
The long-term forecasts for Turbo are a mixture of optimism and skepticism:
The Turbo price prediction for 2030 can range between $0.01455 and $0.023592. If memecoin is able to reach the upper price, it would mean a purchase in the range of 261.67 percent from the current price.
- BitScreener: The forecasts predict a price between $0.006167 and $0.02031 for 2026. $0.01177 to $0.03184 in 2028. The forecast includes an end-of-day price of $0.02680 in 2028.
- Coincu.com: The forecast predicts a steady rise in prices that will reach $0.2993 to $0.4115 in 2030.
- SwapSpace: It is estimated to cost $0.01012522 by 2030, implying an ROI potential of 172%.
- CoinDataFlow: suggests a price of $0.026 in 2030. PricePrediction.net predicts it will be around $0.1067.
| Long-Term Predictions (2026-2030) | Source |
|---|---|
| $0.006167 to $0.02031 (2026), $0.01177 to $0.03184 (2028), $0.01455 to $0.023592 (2030) | BitScreener |
| $0.2993 to $0.4115 (2030) | Coincu.com |
| $0.01012522 (2030) | SwapSpace |
| $0.026 (2030) | CoinDataFlow |
| $0.1067 (2030) | PricePrediction.net |
Very Long-Term Predictions (2040-2050)
For those who are looking even further into the future, the forecasts of 2040-2050 help provide an insight into the possible future for Turbo:
- BitScreener. Expect a price range that ranges from $0.04145 to $0.09530 in 2040. $0.06557 to $0.1472 in 2050. This is an average trading cost of approximately $0.1339.
- Coincu.com The market continues to keep optimism as prices are likely to rise substantially over the years to come.
| Very Long-Term Predictions (2040-2050) | Source |
|---|---|
| $0.04145 to $0.09530 (2040), $0.06557 to $0.1472 (2050), average $0.1339 (2050) | BitScreener |
| Optimistic rise in prices | Coincu.com |
Factors Influencing Turbo’s Price
Many factors could affect the price of Turbo in the future.
- Market sentiment: The overall mood of the cryptocurrency market is an important factor. The positive news of the day, the improvement in use and advancements in technology, could increase prices, whereas adverse news or regulatory issues could result in the opposite.
- The supply and demand The circulating quantity of Turbo has been set by 69 billion tokens. Demand fluctuations, caused by factors such as an improvement in utilization, partnerships, and market trends, can dramatically influence the price.
- Technological developments: Any changes or enhancements in the Turbo protocol, along with the greater acceptance of blockchain technology, could impact the value of the token.
- Institutional adoption The widespread adoption of HTML0 by institutions could bring significant growth in Turbo’s cost. In contrast, massive sell-offs by large holders (whales) can result in price declines.
- Regulation Environment Changes in the regulatory landscape could affect the value of cryptocurrency. Positive developments in the regulatory landscape can increase the confidence of investors, while negative regulations can impede growth.
Frequently Asked Questions (FAQs)
What is Turbo (TURBO)?
The Turbo memecoin was developed around 2023 with ChatGPT by the digital creator Rhett Dashwood. It was designed on a modest budget of $69 and rapidly gained attention due to its distinctive origin as well as the increasing popularity of artificial intelligence within the cryptocurrency industry.
Is Turbo (TURBO) a good investment?
The Turbo memecoin was developed around 2023 with ChatGPT by the digital creator Rhett Dashwood. It was designed on a modest budget of $69 and rapidly gained attention due to its distinctive origin as well as the increasing popularity of artificial intelligence within the cryptocurrency industry.
Will Turbo reach $0.01?
Based on CoinCodex, Turbo is expected to hit $0.01 by June 2024.
How do I store Turbo (TURBO) securely?
It is advised to keep the Turbo in a wallet that is hardware for the highest level of security. Hardware wallets such as Ledger and Trezor add security to keep your cryptocurrency offline, shielding it from cyber threats.
Should I invest in Turbo (TURBO)?
Investment in cryptocurrency, such as Turbo, involves a substantial risk because of market volatility. It is vital to conduct a thorough study to evaluate the market’s situation and evaluate your risk tolerance prior to making any investment decision. Make informed and thoughtful choices when investing in cryptocurrency.
Bottom line
The predictions of the price of Turbo (TURBO) are based on an array of possible outcomes, which highlights the speculation-based nature of the cryptocurrency market. Although some forecasters are optimistic and forecast substantial growth, others provide more realistic estimates. Investors must consider these projections as part of a wider analysis strategy that takes into consideration the many factors that can affect the value and price of Turbo. As always, it’s important to conduct thorough research and take into account the inherent dangers associated with investing in cryptocurrency. The market is extremely unpredictable, and prices may change quickly based on a variety of variables. So, investors who are considering investing should be cautious and make informed choices with a thorough analysis.
