The meme coin market is heating up and stands at the precipice of a major bull run. Experts believe Ethereum meme coins could print “god candles” in the coming days, with the spot Ethereum ETFs expected to start trading tomorrow on Tuesday.
Turbo is one of the meme coins that investors are eyeing over the next few weeks.
The meme coin is already up 65% over the past week, before seeing a marginal pullback today. However, a successful retest from one of the many key support levels could result in a major bull rally.
Most Turbo price predictions by experts have the token reaching a new all-time high by August.
Smart money traders are also bullish on new Ethereum meme coins such as The Meme Games. MGMES has already raised over $200k in a few short days in early investment and is being tipped to deliver up to 100x returns.
Turbo Price Prediction – How High Can It Go?
The Turbo price is currently trading at $0.01, with a market capitalization of $482 million. The meme coin is now up nearly 133% from its local bottom that it hit earlier this month.
The meme coin is showing strong fundamentals and is still seeing mainstream adoption. For instance, it went live on the Ourbit exchange just yesterday, despite its relatively high market capitalization.
The developer team behind the project remains confident that Turbo will soon list on Binance and Coinbase as well.
Owing to the intense speculation surrounding the meme coin, experts are extremely bullish on Turbo. For instance, according to a popular trader DREYKO’s Turbo price prediction, the token could have a market capitalization of over $1 billion.
Analysts also believe that Turbo could reach a new all-time high by August, thanks to a successful breakout from a descending channel In its daily time frame. This would mean another 42% bull rally from its current price.
As such, Ethereum meme coins could skyrocket in the coming days. As previously mentioned, the spot Ethereum ETFs will go live tomorrow on Tuesday and are expected to see strong inflows from the very start.
The meme coins will receive another major boost if the US Federal Reserve starts to cut its interest rates in September. The flush of liquidity bodes well for risk assets such as meme coins and low-cap gems.
Is The Meme Games The Best Crypto Under 1 Cent To Buy?
As bullish as experts may be on Turbo, its high market capitalization means it can only offer limited returns. For instance, a rally from its current price to a $1 billion valuation would only mean 2x returns for new buyers.
On the contrary, new low-cap meme coins such as The Meme Games can offer much higher returns. In fact, some experts have even suggested the possibility of 100x returns.
The Meme Games has brought the spirit of the upcoming summer Olympics to the crypto market. In fact, there is speculation that it could become the official coin for the Paris Olympics games.
Even without it, MGMES has high upside potential, considering the plethora of rewards in store for the token holders. For instance, presale buyers can participate in The Meme Games and pick their own challenger to win an event. The 5 available options are the Italian Turbo, American Doge, British WIF, French Pepe and German Brett.
https://x.com/MemeGames2024/status/1811406340952355185
If their challenger wins, buyers will receive a 25% bonus reward on their presale investment. Considering there is no minimum buy-in amount, investors can have as many tries as they want.
The utilization of various meme coin mascots as challenges is a clever marketing ploy. For instance, MGMES could benefit from a Turbo coin rally, considering that Turbo is also a challenger for The Meme Games.
Unsurprisingly, the new meme coin is in high demand and has already raised over $200k in early presale investments in less than a week. Buyers can also stake their holdings and earn attractive passive income.
