Today I will continue to introduce you to the projects in the 200-300 range. The recent surge was almost entirely led by meme coins. Many people may have read an article by Shenyu before, saying that there will be no copycat season in this bull market, but now it seems that the copycat season is not only here, but also very strong.
In this bear market, we did quite well. We successfully analyzed a MEME special session and got star altcoins such as floki and pepe, which increased our returns by more than ten times. In the AI special session, we also selected several leading AI projects. Although it was a pity that we did not give TAO a high score at that time, the performance of projects such as AGIX and FET was also quite good.
Today we continue to look at the projects in the 200-300 range and find that a large number of meme projects have emerged in this range. These projects still have good potential after they have risen to prominence. The three projects we will introduce today are Turbo, MOG and ERC20.
Turbo: The first project is Turbo, which has attracted much attention recently. In the past month, its price has increased by more than ten times, especially in May, when it dropped a zero. The current market value is 530 million US dollars, ranking 230+, and it is also a typical meme coin.
The strong potential shown by these meme projects shows that their appeal cannot be underestimated in the current market environment. We will continue to pay attention to these projects to see if they can continue to surprise in the future.
Introduction
Turbo Token is an ERC-20 token based on Ethereum. The use of smart contracts ensures the security, transparency and efficiency of transactions without the intervention of a central authority.
The birth of Turbo Token can be said to be a bold cryptocurrency experiment. Inspired by artificial intelligence, the project founders proposed a simple but bold challenge to GPT-4: create the next great meme coin with a budget of only $69. Today, Turbo has become a decentralized, community-driven crypto adventure project.
Although this story sounds a bit absurd, it is full of challenging potential. After all, everyone has ideals in their hearts, or people are born with idealism. If such a seemingly absurd story can succeed, it will undoubtedly be very interesting, which also stimulates people's desire for challenges to a certain extent.
Token Economy
Total Supply: 69 billion $TURBO
Initial Token Distribution:
Crowdfunding: 60 billion
Founder: 9 billion
main feature:
No tax on transactions
Relinquishment of contract ownership
Community Driven
data analysis
Fans: Currently, there are 50,000 followers on Twitter, 10,000 members on Discord, and 26,000 addresses. From these data, Turbo's performance is indeed relatively mediocre, an order of magnitude lower than the previously analyzed pepe, floki, and bonk.
One of the highlights of Turbo is that it has been listed on more than 30 exchanges. For a meme project, this is indeed an attractive feature.
2. MY
This is the second time we have noticed this project. The first time was when we discussed the series on the strongest rebound after Bitcoin halving. In the past year, MOG has increased 40 times, with a current market value of 550 million US dollars, ranking 230+. This is also a meme project with a cat head as the theme.
The origin and philosophy of Mog
The idea of Mog started as a joke between friends, and the token was launched as a fair-issued meme coin through Uniswap V2 LP in the summer of 2023. Although it was just a joke between friends at first, the project immediately showed its unique value once it went live.
Mog quickly stood out through its open-ended brand of memes and unique content. The foundation of Mog’s culture — “Easy Universe Domination” — is a philosophy and mindset that anyone can adopt and apply to any situation in life. It’s simply about being the best version of yourself in whatever situation you’re in, and having faith in yourself, your community, and your success.
But Mog is more than just a coin, it represents a tokenized triumph. $MOG is a symbol of effortless cosmic domination and pure success, distilled into computer photons, packaged as ERC-20 tokens, and placed directly on the Ethereum blockchain. Mog is a movement, a lifestyle. From day one, Mog has been committed to becoming a culture-defining force in the crypto ecosystem, building its community organically from the ground up.
Token Economy
Total Tokens: 420,690,000,000,000
Circulating Supply: 390,570,159,911,439
The current price is 0.000001399 USD, reaching its highest point in history. It has been listed on more than a dozen exchanges, but has not yet landed on a major exchange.
Fans data
It has 45,000 followers on Twitter and 19,000 Ethereum addresses, which is similar to Turbo’s data.
3. ERC20
Just by looking at the name, you can tell that this coin is a meme coin that takes advantage of the popularity of ERC20 and has nothing to do with the official Ethereum. However, its trend is very strange, please see the picture below:
This project actually appeared as early as 2018. At that time, it experienced a crazy rise, reaching a peak of $1.8, but then quickly fell to $0.02. This wave of operations can be said to be quite ruthless. After being silent for so many years, there have been some small moves recently. It is obvious that the dealer is playing by himself, trying to make some small profits.
Currently, this project has been released on three chains, ETH, SOL and BNB, but the total amount of tokens is unknown. The current total amount is 12,999,999,994, and the circulation is 1,128,632,512, with a circulation rate of less than 10%. After so many years, the tokens have not been fully unlocked. Generally speaking, meme projects are ownerless coins to attract people to play.
Summarize
Finally, let's summarize these three projects. The third project is something you absolutely cannot touch. No matter how it pulls up the market, you must not participate. The situation of Turbo and Mog is similar. From the data point of view, the two are on par. Turbo is a bit riding on the popularity of Pepe, because it is also a frog image; while Mog is a cat image, which can be regarded as the leader of cat meme coins. There have been two crazes for dog meme coins before, and now Pepe has also entered the top 20 in market value. Isn't it time for a cat coin to enter the top 20?
However, the narrative ability of these newly emerged meme projects is relatively average, unlike the meme projects introduced before, which have begun to have their own ecosystem. These new meme projects are still the same old way, which is actually a shortcoming. In addition, the current altcoin market is a bit chaotic. Every time the meme coin market is in chaos, everyone should be cautious.
If you want to know more about the relevant knowledge and first-hand cutting-edge information of the cryptocurrency circle, please follow Yumo. Junyangli publishes market analysis and recommends high-quality potential currencies every day. Click on my avatar to see the pinned homepage. Follow me and share my bull market strategy deployment with fans for free.
I need fans, you need references!