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Meme Coin created with ChatGPT rises 2,000%
The cryptocurrency market has a segment of meme coins that defy logic and a traditional investment approach. A meme coin called Turbo has been trading on the cryptocurrency market for over a year and was created using OpenAI’s ChatGPT chatbot.
The Turbo meme coin was first launched a year ago in May 2023 and traded at $0.00031005. However, the cryptocurrency increased by almost 600% by the end of the year but began trading sideways in 2024.
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However, in just the last 30 days, the Turbo meme coin has soared nearly 1,400% and become heavily bullish. Since a year, the Turbo cryptocurrency created with ChatGPT has increased by an impressive 2,232% in value. The meme coin is among the best-performing cryptocurrencies this year that have generated stellar returns for investors.
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Therefore, a $10,000 investment last year in the Turbo meme coin would have turned into $233,200 today. This shows that the meme coin segment of the cryptocurrency market is not subject to any financial rules. Meme coins chart their own course and the lucky and bold have the opportunity to earn returns that not even the stock market can provide in a short period.
Cryptocurrency: what comes after Turbo Meme Coin?
Turbo price is currently hovering around the $0.007 range on Wednesday and is facing chart correction. Investors are now indulging in profit bookings and the sell-off has caused the cryptocurrency’s price to fall this week. However, meme coins are highly speculative assets and it is difficult to pinpoint their next direction on the charts.
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It is advisable to do thorough research before taking an entry position on Turbo meme coin this month. The cryptocurrency market is known for its volatility and swings both ways, making losses difficult to digest. In conclusion, although the Turbo meme coin has soared 2,200%, there is no guarantee that it will be able to repeat the feat.