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In a recent YouTube video, the cryptocurrency expert @SimpleCrypto detailed the precise number of $TURBO. He mentioned how many tokens are required to become a cryptocurrency millionaire during the next bull market.
Many fans asked for an update following yesterday's $TURBO's spectacular 30% increase. The YouTuber provided one by doing a thorough calculation to figure out what it would take to reach the million-dollar milestone.
The price of $TURBO is continuing to rise in the cryptocurrency market today, having increased by over 13% in the past day.
$TURBO Price Increase
The video revealed how $TURBO saw a 30% surge, which is currently followed by some organic stability. The YouTuber claims that although this adjustment is normal following such a sharp increase, the real fun may yet be in store.
Although the YouTuber says the token might rise further in a complete bull market, if $TURBO keeps gaining popularity, it may soon surpass the $0.01 mark for the first time in its history.
YouTuber's Calculations
After doing some research, the YouTuber compared the potential of $TURBO to that of other popular meme coins, such as PEPE. In the event that $TURBO hits specific price points during the bull market, he described how many tokens you could require using reasonable market standards and a few estimations.
Major Assumptions:
Current Price: $0.0085 per token
Total Supply: 69 billion tokens
Bull Market Multiplier: 5.5x increase from today's prices
Market Cap Comparison: PEPE as a benchmark
Goal: USD 1 million worth of $TURBO tokens
- Step 1:
The YouTuber pointed out that the token might reach $0.063 if $TURBO reaches PEPE's present market capitalization. However, with the typical bull market multiplication of 5.5x, $TURBO may actually hit $0.33 per token.
- Step 2:
He showed, with the computation, that if the price hits $0.33, 3 million $TURBO tokens would be required to strike $1 million:
1,00,000 / 0.33 = 3,030,303 tokens
- Step 3:
Purchasing three million tokens at their current price of $0.0085 would cost:
3,030,303 x 0.0085 = 25,758 USD
This means that around $25,000 invested today could potentially grow to $1 million during a bull market. This will happen if the market aligns and $TURBO performs as expected.
Is $TURBO Able to Reach These Levels?
The YouTuber made it clear that these calculations are only a conceptual exercise and not financial advice. Memes like Dogecoin have seen tremendous success in past bull markets, he noted, and while $TURBO might do the same, it's important to keep in mind how unstable the cryptocurrency market can be.
According to the YouTuber, if the bull market performs well, investors who think $TURBO has the ability might become millionaires with just $25,000 today. He advises viewers to conduct their own research and make wise financial decisions.
