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Meme coin created with ChatGPT increases by 2,000%
The cryptocurrency market has a meme coin segment that defies logic and a traditional investment approach. A meme coin called Turbo has been trading in 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 was trading at $0.00031005. However, the cryptocurrency grew nearly 600% by the end of the year, but started trading sideways in 2024.
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However, in the last 30 days alone, the Turbo meme coin has skyrocketed nearly 1,400% and become highly bullish. For a year now, the Turbo cryptocurrency created with ChatGPT has increased in value by a whopping 2,232%. The meme coin is among the best-performing cryptocurrencies this year and has generated stellar returns for investors.
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Therefore, an investment of $10,000 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 bound by any financial rules. Meme coins chart their own course and the lucky and daring ones have the opportunity to achieve returns that not even the stock market can offer in a short period.
Cryptocurrency: What’s Next to the Turbo Meme Coin?
Turbo price is currently hovering around the $0.007 range on Wednesday and is facing a correction on the charts. Investors are now turning to profit booking and the sell-off has pushed the price of the cryptocurrency lower this week. However, meme coins are highly speculative assets and it is difficult to indicate their next direction on charts.
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It is recommended to do thorough research before taking an entry position in the Turbo meme coin this month. The cryptocurrency market is known for its volatility and swings in both directions, making losses difficult to stomach. Bottom line, even though the Turbo meme coin is up 2,200%, there is no guarantee that it can repeat the feat.