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Memecoins topping charts into the weekend: TRUMP, TURBO, & $DOG

source-logo  invezz.com 31 May 2024 17:30, UTC
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Top trending meme tokens Trump (MAGA), Turbo ($TURBO), and the Bitcoin-based $DOG-TO-THE-MOON ($DOG) display robust bullishness, surging up to 30% within the past day.

The altcoin defied the minor losses witnessed by large-cap digital assets. For instance, Bitcoin and Ethereum dropped 1.80% and 0.81% on their daily price charts.

Moreover, the technical outlook suggests further upsides for MAGA, Turbo, and $DOG.

Trump token leads market recovery

MAGA has seen wild fluctuations as the digital assets industry witnessed volatility.

The themed altcoin plummeted by 35% on 30 May as the jury found former U.S. President Donald Trump guilty of faking business records in a hush-money case.

Nonetheless, the Trump meme coin rebounded quickly as the markets digested Trump’s gulty verdict.

The alt jumped from the $9.78 support, gaining over 60% to hover at $15.76 during this publication.

Positive developments on Trump’s legal woes and improved broad market sentiment will propel MAGA prices.

The alt could climb towards $19.92, translating to a 30% uptick from current prices. However, a decisive move beneath the barrier at $9.90 would trigger bearishness.

That would catalyze dips towards the previous support floor at $7.04, a 30% fall from the current value.

AI-created Turbo flies

Meme coin Turbo has outperformed lately, surging nearly 1500% within the past month. It gained 100% and 30% over the last week and day.


$TURBO Monthly Chart on Coinmarketcap

$TURBO plunged on 30 May as Donald Trump’s verdict shook the markets. Nonetheless, swift recoveries propelled the alt to $0.008044 during this publication.

The altcoin will likely maintain an upside stance over the weekend. Moreover, Coincodex trusts Turbo will soar over 200% towards $0.020306 by 29 June.

$DOG-TO-THE-MOON revives Runes ecosystem

$DOG dominated trends this week as the Bitcoin-centric meme coin defied the odds to remain elevated as other tokens weakened.

The alt outperformed top meme assets, including Dogecoin and Shiba Inu, diminishing the narrative that Runes-based tokens are dead.

$DOG gained over 200% last month and 15% within the previous 24 hours.

$DOG-TO-THE-MOON changed hands at $0.007699 at press time, and the impressive daily trading volume suggests upside momentum through the weekend.

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