Goatseus Maximus (GOAT) entered the top 100 meme coins with a bang, growing 63.81% over the last week. The recently-released token is currently trading at $0.8386, with FOMO intensifying as its market cap crosses the $830 million mark.
This growth was prompted by the AI chatbot – Truth Terminal promoting the token on its X (Twitter) account, showcasing the power of AI-based Key Opinion Leaders (KOLs).
On top of this, the meme coin market as a whole is rallying, with top meme coins like Shiba Inu (SHIB) growing almost 50% over the week.
So, is now a good time to buy GOAT or could other meme coins present more potential?
GOAT Continues to See Big Gains
Developed by an anonymous developer, GOAT is a Solana meme coin discovered by the AI chatbot Truth Terminal.
The token was launched in mid-October, with the Truth Terminal promotion quickly skyrocketing the token’s market cap to over $500 million.
Truth Terminal received $50,000 in Bitcoin from Marc Andreessen of a16z, and its current portfolio includes over $600,000 worth of GOAT.
With Marc Andressen posting a 40-minute podcast promoting GOAT, social media has been abuzz with news and predictions surrounding the token.
Among the bullish experts is Arthur Hayes, BitMex co-founder, and Winterwhale, a prominent crypto whale who bought $4 million worth of GOAT today.
Following the hype, GOAT has listed on a variety of exchanges including Bitget, Bitmex, and Woo X.
With the token picking up exchange listings left and right, many speculate it could be the next meme coin to list on Binance, which could propel its valuation to even higher heights.
GOAT is currently a little under its all-time high of $0.9406, however, that’s still far above its October low of $0.04354 – an over 1900% increase.
However, what do the numbers say, how much room is there for GOAT to grow?
GOAT Price Prediction – is it Better to Wait or Buy Now?
GOAT is already just two spots under First Neiro on Ethereum (NEIRO), one of the space’s most hyped-up meme coins of the year.
However, technical analysis is showing some signs of struggles to come despite the token’s almost 10x spike over the last month.
Currently, GOAT’s Relative Strength Index (RSI) is at 63, which while still neutral, is tending slowly toward signaling a short-term pullback in price.
At the same time, GOAT’s daily trading volume is up 61.52%, signaling that investor interest is still there for the token despite it falling 5.9% over the day.
However, recent trends suggest tokens tend to cool off after reaching $1 billion in market cap. One of the biggest examples of this is NEIRO, which skyrocketed from around $0.5 billion to $1 billion in less than a week this month, but has been stalling there since.
Going further back, tokens like POPCAT, BRETT, and FLOKI experienced a similar pattern.
On top of this, the developer of GOAT created a new token, TOGA which as X (Twitter) analyst, Pepe whale, and founder Blvckengineer noticed is mirroring GOAT’s patterns.
This could divert investors from GOAT as they flock to the dev’s newest project. All of this points towards a lower entry point for new investors becoming available in the near future.
Whales Turn to New Presales – PEPU and FLOCK on the Rise
With GOAT’s massive rise, and the meme coin market overall being extremely hot, investors are on the lookout for the next project to ride this wave.
Continuing its trend of attracting whales, Pepe Unchained (PEPU) saw another $35,000 transaction today, bringing the project’s total funds raised in the ICO stage to over $26,5 million.
The project brings forth instant bridging with ETH, up to 100x higher transaction speeds, and a dedicated block explorer all with a fraction of Ethereum’s gas fees. With the project expected to launch soon, the team has unveiled a grant program encouraging top developers to build in the ecosystem.
Notable experts like ClayBro, 99Bitcoins, and Cryptonews have all shared bullish sentiments on the token, with 123zip123 releasing a video today on YouTube, praising the token’s most recent airdrop efforts.
Pepe Coin | Crypto Airdrop | Claim $25,000 Pepe Unchained – YouTube
Investors looking to get in at the ground floor of a presale are looking at Flockerz – the world’s first vote-to-earn meme coin. So far, the token has raised over $1.4 million early in its presale, selling at just $0.005981 per token.
The token places community first, revolving around the FlockTopia DAO to encourage holders to participate in voting decisions. Ensuring the safety of its investors, Flockerz has already passed two security audits by Coinsult and Solidproof with flying colors.
NEW MEMECOIN LAUNCHING SOON!🚨 (Flockerz Crypto Review)
With expert backing, active socials, and unique ideas, both of these tokens stand a real chance at exploding during the meme coin market rally.
