As a seasoned crypto investor with a knack for spotting emerging trends, I find the meteoric rise of Turbo (TURBO) truly intriguing. Having closely followed the memecoin market, I’ve seen my fair share of hype and fads. However, TURBO stands out due to its unique origin story and the involvement of digital artist Rhett Mankind and his AI-generated concept.
In the last 24 hours, the memecoin TURBO, which is artificially intelligent and generated by AI, has experienced a significant increase of approximately 40%. This surge can be attributed to its growing popularity in the United States.
As I pen down these words, TURBO is currently priced at $0.001105 on the market. This represents a significant surge of over 100% within the last week. The token’s market capitalization has now surpassed $70 million, signifying a substantial 40% increase. Additionally, its trading volume for the past 24 hours reached an impressive $37 million, marking a notable rise of 160%.
Digital artist Rhett Mankind brought Turbo Token to life as an innovative exploration in cryptocurrency creation, leveraging artificial intelligence (specifically GPT-4) for a meager $69 investment. The AI generated the token’s concept, including its economic structure (tokenomics), whitepaper details, and smart contract code. These initial ideas were subsequently fine-tuned with valuable input from the community.
Humans then initiated the token’s website, set up an X account, and released the token into circulation, creating a liquidity reserve.
As a crypto investor, I found myself in a predicament when a bot swiftly purchased all available tokens from our pool, leaving us with limited funds due to our small initial budget. Realizing the need for additional resources, I turned to our AI for suggestions. After careful consideration, we decided to pursue community crowdfunding as an alternative funding option.
In the latest configuration, the aggregate token supply amounted to 69 billion units. Of these, 9 billion tokens were allocated to Mankind, while 50 entities took part by donating through crowdfunding. The largest single pledge was valued between $200 and $300 in Ethereum (ETH), accumulating a total of $6,669.
At present, the token can be found on approximately thirty cryptocurrency trading platforms, such as OKX, Gate.io, Huobi Global (HTX), and Bitget.
The surge in TURBO‘s value over the last 24 hours aligns with a broader 3.7% growth in the memecoin sector. At the same time, the crypto market as a whole has witnessed a 2.3% advance. Bitcoin, specifically, has seen a 3% rise and currently hovers around $63,300.
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2024-05-10 11:02