As we enter the year 2024, Turbo has shown an approximately 170% increase, raising questions about whether it will become the popular meme token of the year. Is a new Bonk on the horizon? What is Turbo? We have compiled information for you.
In the last quarter of 2023, with the resurgence of Bitcoin prices, meme coins started experiencing massive surges. Leading the charge in this meme coin trend was the token Bonk. Bonk, riding the momentum it gained in 2023, managed to delight investors by being listed on major exchanges and reaching a new all-time high (ATH) level of $0.00003419.
With the beginning of the year 2024, questions about what this year’s equivalent of Bonk will be have started to arise. Gaining significant momentum since January 3, 2024, Turbo has caught the attention by consistently staying within the top 5 of the list of biggest gainers in recent days. The frog-themed token has gained approximately 170% in value since the start of 2024. Currently, it is trading at the level of $0.0004604.
Turbo is a meme token project developed entirely using the popular artificial intelligence platform ChatGPT-4. The frog-themed token emerged when a user generated it with just a $69 budget on ChatGPT. Launched on May 4, 2023, Turbo is described within its community as a better and decentralized version of Pepe.
Key features of the project include the community being the sole governing entity, and all developments being implemented with the assistance of ChatGPT. All decisions made so far have progressed through community voting, and even the visuals are generated by artificial intelligence. With an active presence on social media, Turbo is followed by a community of around 40,000 people on Twitter. Turbo aims to become the most popular meme token of 2024.
The total supply of $TURBO is 69 billion, with the circulating supply being 63,674,701,174, accounting for 92.28% of the total supply.
The price, extending into the blue box, received a quick response and gained significant momentum. Additionally, the fact that the price did not close below the yellow support zone is supportive of its upward movement. Breaking the $0.0004 level with significant volume shifted the market direction upwards. The current consolidation in the price suggests a positive sign, indicating a gathering of strength for further upward movement.
The yellow zone comes as the first level where potential pullbacks could find support. However, the fact that the price previously left wicks below the yellow zone might weaken its effectiveness as a strong support. The blue zone appears to be a favorable buying area, showing signs of being a strong support zone.
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Ahmet Bedirhan Arvas 
