Turbos (TURBOS)
1. Fundamental Analysis
1.1 Introduce
Turbos Finance is a non-custodial DEX on Sui with horizontal scalability and digital asset ownership. Invested by Jump Crypto and Mysten Labs, Turbos bridges the gap between Sui s ecosystem and the market, ensuring strong liquidity and efficient trading for users. Through strategic initiatives including the TurbosBoost Campaign, Turbos is committed to expanding the reach of DeFi, creating new opportunities and transforming the financial landscape. With dedication to bringing DeFi to developers and users on Sui, Turbos is a critical part of the Sui ecosystem, enhancing the success rate of its protocols and driving broader adoption.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | TURBOS | Market Cap | 5770361.37 |
| Name | Turbos | White Paper | -- |
| Web Site | https://www.turbos.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.sui.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10000000000 | |
| Supply | 10000000000 | Release Date | 2023-05-15 |
| Available Supply | 1863210000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.00309 | 0.00312 | 0.003049 | 0.003078 | 1771.078583 |
| 2024-12-31 | 0.00319 | 0.00336 | 0.00306 | 0.003088 | 22268.16556 |
| 2024-12-30 | 0.00323 | 0.003324 | 0.00307 | 0.003174 | 28394.963574 |
| 2024-12-29 | 0.003323 | 0.003397 | 0.003195 | 0.003253 | 9022.636335 |
| 2024-12-28 | 0.003278 | 0.003366 | 0.003127 | 0.003335 | 45414.3308 |
| 2024-12-27 | 0.003464 | 0.003651 | 0.003193 | 0.003229 | 38215.206191 |
| 2024-12-26 | 0.003908 | 0.003928 | 0.0034 | 0.00349 | 47223.282488 |
| 2024-12-25 | 0.004184 | 0.004233 | 0.003819 | 0.003872 | 30116.1567 |
| 2024-12-24 | 0.004152 | 0.004292 | 0.003982 | 0.004219 | 35587.80314 |
| 2024-12-23 | 0.003833 | 0.004181 | 0.003695 | 0.004169 | 31013.940691 |
| 2024-12-22 | 0.003929 | 0.004198 | 0.003831 | 0.003831 | 37630.667226 |
| 2024-12-21 | 0.00465 | 0.004842 | 0.003843 | 0.003905 | 43929.738878 |
| 2024-12-20 | 0.004203 | 0.00468 | 0.003416 | 0.004648 | 91426.349723 |
| 2024-12-19 | 0.004793 | 0.004925 | 0.004124 | 0.004255 | 69981.211685 |
| 2024-12-18 | 0.005426 | 0.005446 | 0.00468 | 0.00479 | 64452.797103 |
| 2024-12-17 | 0.006025 | 0.0061 | 0.005389 | 0.005423 | 94701.200323 |
| 2024-12-16 | 0.006633 | 0.006783 | 0.005868 | 0.006022 | 140530.177011 |
| 2024-12-15 | 0.005804 | 0.0068 | 0.005524 | 0.006636 | 114598.097268 |
| 2024-12-14 | 0.005642 | 0.006305 | 0.005593 | 0.005803 | 84126.335692 |
| 2024-12-13 | 0.005482 | 0.006199 | 0.005377 | 0.00564 | 125341.812028 |
| 2024-12-12 | 0.005626 | 0.00634 | 0.00545 | 0.005479 | 141172.108584 |
| 2024-12-11 | 0.004483 | 0.005717 | 0.004374 | 0.005614 | 112369.548896 |
| 2024-12-10 | 0.004469 | 0.004567 | 0.0041 | 0.00448 | 62064.236492 |
| 2024-12-09 | 0.005173 | 0.005199 | 0.00414 | 0.004471 | 119206.333862 |
| 2024-12-08 | 0.00533 | 0.005566 | 0.005056 | 0.005174 | 101146.095385 |
| 2024-12-07 | 0.005375 | 0.006134 | 0.005306 | 0.005328 | 121515.398458 |
| 2024-12-06 | 0.005058 | 0.005536 | 0.004975 | 0.005384 | 109050.247086 |
| 2024-12-05 | 0.004392 | 0.00548 | 0.004229 | 0.00506 | 152273.648574 |
| 2024-12-04 | 0.004199 | 0.00456 | 0.004081 | 0.004391 | 118146.551517 |
| 2024-12-03 | 0.003844 | 0.004351 | 0.003704 | 0.004199 | 136644.766715 |
2.2 Analysis
Based on the provided 30-day OHLCV data, the short-term trend shows a period of volatility followed by a potential consolidation or slight upward trend. However, the overall trend over the 30-day period exhibits a significant decline from the peak around December 17th. While recent days have shown some minor recovery, further price action is needed to confirm a sustained upward trend reversal. There s a notable increase in volume during periods of significant price movement, suggesting active trading participation. The next few days will be crucial in determining the direction of the short-term trend. A sustained break above the resistance level near 0.0040 could signal a shift towards an upward trend, while failure to do so may lead to further consolidation or a continuation of the downward trend. Long-term prediction requires a longer timeframe analysis.
3. News Analysis
3.1 News
20241206
- Turbos Finance platform token TURBOS rose by more than 11% in a single day, and the platforms cumulative trading volume exceeded US$3.7 billion ↑
20241205
- TURBOS rose by more than 21% in 24 hours and is now priced at $0.005363 ↑
20241202
- TURBOS has increased by nearly 15% in the past 24 hours, with nearly 1.2 million active user addresses ↑
3.2 Analysis
Turbos Finance (TURBOS) demonstrates a strong upward trend, exhibiting significant price increases and heightened trading activity in early December 2024. The substantial daily gains, coupled with a dramatic surge in trading volume exceeding US$3.7 billion and a marked increase in active user addresses, suggest a period of rapid growth and heightened market interest. This indicates a potential positive feedback loop, where price increases attract further investment and user engagement, fueling continued growth. The sustained momentum suggests a strong short-term bullish outlook for TURBOS. However, the observed volatility underscores inherent risks associated with rapid growth and necessitates caution against assuming continued linear increases. Sustained growth will depend on maintaining user engagement, platform stability, and broader market conditions. A significant correction remains a possibility. Further monitoring of key metrics, including user retention rates, platform development updates, and broader market sentiment, is crucial for accurate future trend prediction.
