Take a look at the TURBO price analysis and discover why the Turbo meme coin is rallying as the appetite for meme coins returns to the market. Meanwhile, with over $5m raised, all eyes are on Sealana – but what is it?
June has been mixed for meme coins.
Though the total cap of these tokens soared to over $60 billion at some point, the rapid contraction in the first half of June has seen the cumulative valuation drop below $50 billion.
Some of the big losers include PEPE, Dogecoin, and BOME. They are down double digits in the last week of trading and will likely continue bleeding in the sessions ahead.
Holding meme coins in a bear market pic.twitter.com/RaWe1vbGgW
— Gordon (@AltcoinGordon) June 19, 2024
TURBO Price Analysis: Why is Turbo Meme Coin Rallying? Up +50% In Less Than A Week!
As FLOKI and the rest get hammered, TURBO price is bucking the trend, impressively surpassing expectations at press time. Notably, after tumbling by over 60% from May highs, the token is now finding traction.
According to price charts, TURBO is up 50% from this week’s low and tracking higher, aligning with the trend established in mid-Q2 2024. At this pace, bulls are ecstatic.
However, given the losses in this sub-sector, whether TURBO will spark demand and rejuvenate interest in meme coins remains to be seen.
I'm buying all $TURBO on this trendline & S/R
Come TRADE Against me fellas ! pic.twitter.com/Jjch5FOFFB
— Mr Krypton Gems 🧲💎 (@KryptonBTC) June 19, 2024
Therefore, this raises the question: Is it time to load up on Sealana, a promising meme coin in Solana currently in its presale?
Before then, let’s look at why TURBO has been so successful.
TURBO stands out because of its frog mascot, TurboToad.
However, what’s cool is because of how it came to be in the first place.
Its founder, Rhett “Dashwood” Mankind, an artist without any coding experience, used GPT-4 to design and eventually mint the token.
The unconventional method through which TURBO was created, alongside the attractive mascot, coupled with the success of meme coins in the first half of 2024, appears to be turbocharging prices.
All Eyes On Sealana: Viral SEAL Presale Raises Over $5 Million
As TURBO picks up momentum, eyes are on Sealana in the ongoing presale that has raised an impressive $5 million.
The meme coin features a chubby seal mascot, drawing the attention of investors who can relate to this digital seal.
In the last stage of this presale, SEAL is available for just $0.022. Anyone can buy it using SOL, ETH, USDC, or USDT.
Investors are now going all in on Sealana, expecting sharp price gains in the coming days.
This will especially be true once it launches on major exchanges like Binance.
Sleepy Joe's speech 'bout raisin' fuel 🛢️taxes and turning trucks electric ain't go down well at $SEAL Truck Fest! 😡🇺🇸
🦭 Time for #Sealana and his buddies to take matters into their own hands and make sure those god damned liberals stick their hairdryer cars where the sun… pic.twitter.com/0BDlaomsEZ
— Sealana (@Sealana_Token) June 12, 2024
Some analysts say there is a high chance that SEAL is set to outperform top Solana meme coins like Dogwithat and rise to a multi-billion dollar market cap.
Sealana will ride on the thriving meme coin scene on Solana. However, it will offer a unique twist on the classic “Doge” meme.
Looking at this, hopes are high that SEAL is the next meme coin to double down on before the next bull run.
EXPLORE: New European Guidelines Set To Boost Demand For Euro-backed Stablecoins, Particularly Circle’s USDC
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
