- GOAT delivers impressive first 20 days of trading with marketcap closing in on $1 billion.
- Assessing GOAT’s prospect of becoming a mainstream memecoin based on recent performance.
As a seasoned researcher who has witnessed the rise and fall of numerous cryptocurrencies, I must admit that the performance of Goatseus Maximus [GOAT] has caught my attention. Its rapid climb towards a $1 billion market cap within its first 20 days of trading is a feat rarely seen in this volatile industry.
Goatseus Maximus (GOAT) is one of the newer cryptocurrencies based on memes that has made a significant impact recently. Its standout achievement is nearly reaching a $1 billion market capitalization, an accomplishment it achieved in under two weeks following its launch on trading platforms.
It’s been two full weeks since GOAT first appeared on October 14th. This meme-based cryptocurrency began with a substantial market capitalization of around $104.11 million, which it managed to secure during its pre-sale stage.
This marked the initial significant indication of faith in the project, which was subsequently reinforced by robust market interest.
In simple terms, the market value of GOAT (Game On, Alien Worlds) skyrocketed to a staggering $878 million within just 10 days following its debut on Coinmarketcap. Typically, meme coins often encounter a surge in selling pressure during their early stages post-launch as initial buyers from the presale look to cash out their profits.
The impressive GOAT performance may not have been a fluke. It was the first memecoin to be shilled by the Truth Terminal AI bot hence it is a pioneer in that regard. This contributed to its popularity, leading to a new trend of AI-marketed coins.
Will GOAT be the next major memecoin in the next major rally?
Recently, GOAT nearly reached a valuation of over $1 billion, which is comparable to that of Dogecoin, Pepe, and Shiba Inu.
This competition additionally boasts over a billion dollars in market capitalization. If GOAT maintains its strong popularity, it could surpass this threshold. In time, it may become one of the newer meme coins to gain mainstream recognition once it reaches the sought-after $1 billion market cap.
The scarcity of it might make it more appealing. This digital coin, known as Goateus Maximus, has a total supply limited to one billion units. Lately, its value has decreased significantly following the formation of a double top pattern on its 4-hour graph.
It exchanged hands at $0.67, a 24% discount from its $0.902 ATH so far.
It’s important to mention that the price trend doesn’t align well with the Relative Strength Index (RSI), suggesting possible overbuying conditions.
Read Goatseus Maximus’ [GOAT] Price Prediction 2024-25
Keep in mind that its trading history is relatively short, spanning just under a month, making long-term predictions at this point less reliable.
Regardless, the market movements could provide clues about GOAT’s potential future trajectory, particularly within the short to medium term. Given the minimal risk of decrease, it appears that many investors expect an uptick in price soon, thus encouraging them to hold onto their investments.
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2024-10-28 11:03