Cryptocurrency created by artificial intelligence has grown by 160% in a few days

Editor’s note: not financial advice!

The value of Turbo Token (TURBO), a memcryptocurrency created using artificial intelligence technologies, has increased by 160% over the past 4 days.

According to CoinMarketCap, the Turbo Token rate has more than quadrupled and reached a record high of $ 0.3 034. However, at the time of writing, the memcoin has significantly dropped in price, returning to $ 0.111.

The founder of the Turbo Token project is a digital artist known as Rhett Mankind. On his YouTube channel, he said that he created TURBO as an experiment. Rhett Mankind tasked the ChatGPT chatbot to develop a new virtual currency. The AI came up with the concept of a digital asset, wrote a white paper, and a smart contract code to issue coins on the Ethereum blockchain.

The digital artist turned to Midjourney for a logo for Turbo Token, whose name was invented by ChatGPT. After receiving four different logos, Rhett Mankind asked his Twitter followers to choose the best one. The community chose a painted yellow frog.

The rise in TURBO’s value occurred amid the popularity of another memtoken, PEPE. Over the past week, PEPE quotes have risen by 237.4%, after Binance announced the listing of the digital asset. However, many experts are skeptical about PEPE, not excluding the possibility of blocking, theft, and large-scale dumping of the digital asset by its creators. Any fraudulent actions can significantly affect the wallets of investors who continue to invest in a new, but rapidly growing digital asset.