The Turbo Protocol (TURBO) token has experienced a recent price downturn, dropping across various exchanges. Here's a breakdown of the key data points and their implications:
Real-Time, Multi-Exchange Price Tracking
TURBO's price is determined using a real-time, volume-weighted average formula. This approach considers data from 30 exchanges and 33 markets, aiming to provide a comprehensive picture of the token's value.
Short-Term Price Decline
Looking at recent performance, TURBO has seen a 0.90% decrease in the last hour and a steeper 10.14% decline over the past 24 hours. This short-term trend suggests a downward price movement.
Extending Downtrend: Weekly and All-Time High Comparison
The downtrend extends further when considering the weekly timeframe. TURBO's price has fallen by 10.32% in the past week, indicating a sustained price drop.
The current price of $0.0037 per TURBO sits significantly below its all-time high of $0.0098. This translates to a depreciation of 61.79%, highlighting a substantial drop from its peak valuation.
Market Cap and Circulating Supply
As of now, TURBO has a 24-hour trading volume of $67.17 million. This indicates active trading, despite the price decline. The current circulating supply of TURBO stands at 63,674,701,174.423, resulting in a total market capitalization of the same amount.
Looking Ahead: Unforeseen Trajectory
While the current data paints a picture of a price decline, the future trajectory of TURBO remains uncertain. Factors like project developments, market sentiment, and broader cryptocurrency trends can all influence its price.
Investor Considerations
This information serves as a snapshot of TURBO's current performance. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions in TURBO or any other cryptocurrency.