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

source-logo  invezz.com 31 May 2024 17:30, UTC

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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