Crypto Wiki
July 09, 2024

ChatGPT-manufactured memecoin Turbo surges 2,000% in 3 months

Turbo meme coin price has skyrocketed by an astonishing 2,000% and boosted its market capitalization. In this article, MPost will explore recent Turbo coin news.

The sophisticated AI created by OpenAI, Turbo, was first introduced quietly as a fun experiment by ChatGPT. But because of social media’s influence and the public’s rising fascination with digital currencies, this meme coin took off and captured the eye of cryptocurrency fans all over the world.

The coin’s idea, tokenomics, and smart contract code were created by digital artist Rhett Mankind using GPT-4, an advanced version of ChatGPT, which is where the Turbo phenomena originated. Mankind, working on a meager $69 budget, used X (formerly Twitter) to record the entire process and poll the community to decide on project details like name and mascot.

The creative use of AI technology in conjunction with this community-focused strategy has been a major factor in Turbo’s explosive growth. A viral meme campaign on Reddit and Twitter led Turbo meme coin to see a modest rise of 300% in the first month. Major cryptocurrency influencers started praising Turbo during the second month, which caused its value to soar by an astounding 700%.

But Turbo really exceeded everyone’s expectations in the third month, rising by an astounding 2,000% to achieve an astounding $638 million market valuation. With this incredible accomplishment, Turbo is now unquestionably one of the most popular and well-known meme coins in the digital currency space.

Leading on-chain analytics platform Santiment’s data shows a spike in social volume related to Turbo, indicating increased retail interest. The tendency for social metrics to peak prior to a trend reversal emphasizes how crucial it is for anybody interested in Turbo coin price prediction to keep an eye on these indications.

Additionally, memecoins accounted for four of the top ten tokens with the most open interest (OI) in the cryptocurrency leverage market on May 28th, according to data from the analytics platform Coinglass.

The success of Turbo serves as a reminder of how AI technology has the ability to upend conventional banking. Rhett Mankind has shown how AI can be used to develop cutting-edge financial products and interact with communities in a decentralized way by utilizing ChatGPT’s capabilities.

Traded on several exchanges, including Gate.io, MEXC, and OKX, Turbo has strong trading volumes and liquidity. Despite the fact that the Turbo crypto coin has clearly caught the interest of the cryptocurrency community, investors should exercise caution and keep in mind the dangers that come with owning meme currencies. 

The meme coin industry’s Turbo analysis is still quite popular in the crypto memes community. There’s no denying that Turbo’s ascent has demonstrated the influence of artificial intelligence (AI) and community-driven projects on the direction of cryptocurrencies.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

He's a seasoned writer known for crafting compelling narratives that engage audiences and drive brand growth. With a keen eye for detail and a passion for storytelling, Kenth excels at turning complex ideas into eye-catching marketing messages.

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Kenth Bennett
Kenth Bennett

He's a seasoned writer known for crafting compelling narratives that engage audiences and drive brand growth. With a keen eye for detail and a passion for storytelling, Kenth excels at turning complex ideas into eye-catching marketing messages.

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