The post Turbo Price Prediction: Turbo Price Pumps 40% After Binance Listing, More Gains Incoming? appeared first on Coinpedia Fintech News
Turbo has enjoyed a decisive 40% rally this week on the back of a Binance spot listing.
Will these gains keep coming in the weeks ahead? That’s what we explore in this article using fundamental and technical analysis.
Turbo Ready For Multiple X’s After Binance Listing
Based on our analysis – Turbo is primed for gains – and they might be big.
It’s currently priced at $0.005354, with a $344 million market cap and a $190 million 24-hour trading volume.
Turbo’s listing on Binance provided new publicity and opened it to Binance’s 200 million registered users.
Historical data shows that Binance-listed meme coins can significantly rise in bullish periods.
For instance, during Q1 of 2021, when the total crypto market cap grew by 60%, meme coins that were relatively newly listed at the time, like Pepe, Bonk, and Dogwifhat, each saw multiple X gains, with their respective market caps reaching between $2.5 and $4.2 billion.
While many tokens not listed on Binance also soared, their growth was limited due to thinner liquidity.
And this brings us to today. The Federal Reserve is expected to cut interest rates this week, and Q4 has historically been a bullish quarter for crypto, with Bitcoin averaging an 88% quarterly return since 2013.
Considering this, Turbo’s recent Binance listing could provide a launchpad for significant growth in Q4.
And that’s not to mention its claim as the “first AI meme coin created.”
Despite its already exponential growth, the AI sector is expected to continue expanding. Bloomberg published a report in the summer predicting that generative AI could become a $1.3 trillion industry by 2032.
In terms of AI, Turbo does not have much utility to offer. In any other sector, that would be the end of it. But in the meme coin market, these contrarian, anti-consensus plays often perform well.
Just having some kind of link to AI may be enough to bolster the Turbo price.
What does all of this mean for its potential?
Blockchain Bob says it’s primed for a 5x gain from here. He notes it also secured listings on Kucoin and two other “major exchanges” besides Binance this week.
He noted Turbo is breaking from a descending triangle chart pattern, which is typically bullish, and says:
“Even while the overall market is red, TURBO has stayed green. Imagine what could happen when the market flips back to green?”
Meanwhile, Steph is Crypto is looking toward a 169% gain, also pointing to the recent descending triangle breakout as a tailwind for further growth.
$Turbo broke out from this descending triangle on the daily
I’m watching for $0,012 in the coming weeks pic.twitter.com/B0BrVO5wyZ
— STEPH IS CRYPTO (@Steph_iscrypto) September 17, 2024
The triangle breakout illustrates a shifting momentum, with traders and liquidity flowing back into Turbo.
Should Q4 play out as expected, we could see a 2x gain or even more this year.
And if the market does gain pace, another meme coin that could explode is Pepe Unchained.
The project is building the first Pepe-themed Ethereum layer 2 blockchain, and it is undergoing a presale.
Pepe Unchained Raises $13.6M – What Type Of Gains Can We Expect After IEO?
Pepe Unchained has proven a fan favourite, raising over $13.6 million in funding during 2024’s most brutal period of price action. However, its industry-first ‘meme coin layer 2’ use case has proven too compelling for traders to resist.
The ‘Pepe Chain,’ as the team calls it, will help scale Ethereum with cheaper and 100x faster transactions.
It will also have a staking mechanism, a block explorer, and a dedicated Ethereum bridge, providing all the tools needed for an open, fair, and successful thriving network.
Because it’s focused solely on meme coins, we can expect many developers to choose Pepe Unchained as a platform on which to launch their projects. This could include new meme coins or even meme coin-related dApps, like a meme coin futures trading platform.
Indeed, this is all underpinned by the Pepe Unchained $PEPU token, providing a clear distinction to most no-utility meme coins.
So what kind of gains can we expect? Umar Khan, an analyst from 99Bitcoins, says it can 100x.
The analyst called it a “great alternative to Pepe” and a “solid opportunity.”
Another popular YouTuber, Crypto Boy, also speculates it could increase in value by 100x. Gains of this type could potentially see Pepe Unchained list on Binance in the future.
Because the presale is ongoing, investors can buy $PEPU at a discounted price of $0.0097284. However, this will rise throughout the campaign, with the next increase later today.
