The Goatseus Maximus coin has recently gained significant traction, resulting in impressive price performances as excitement builds around the Truth Terminal memecoin.
The price of the GOAT coin rose 122% over a week and 38% in the last 24 hours. It is currently trading at $0.7009, with a 102% surge in trading volume to $398.08 million.
With a total supply of 1 billion, this Solana memecoin has reached a market cap of $700.17 million, though it has decreased slightly by 7.41% from its all-time high of $0.7525 recorded in October 2024. At present, it ranks as the 99th largest cryptocurrency by market capitalization.
Goatseus Maximus (GOAT) Daily Price Chart: CoinMarketCap
Moreover, data indicates that its value has surged by over 22,000% since launch, transforming several early investors’ little investments of a few thousand dollars into millions within a matter of days.
A recent analysis by Lookonchain, a well-known on-chain transactions tracking platform, shows that a crypto trader invested 5 Solana (SOL), equivalent to $727, to buy 15.15 million GOAT tokens.
Will stupidmoney.sol regret selling $GOAT too early?
— Lookonchain (@lookonchain) October 23, 2024
He sold all 15.15M $GOAT 8 days ago, turning 5 $SOL($727) into 15,883 $SOL($2.44M), a huge gain!
But if he had held on until now, his profit would be more than $10M!https://t.co/bVF7he12N0 pic.twitter.com/2lh0yt0b6j
The value of the Solana meme coin skyrocketed within just four days, allowing him to earn 15,883 SOL, worth $2.44 million in profits. Meanwhile, had he maintained his holdings until now, his profits would have exceeded $10 million.
Read more: Solana Price Prediction: Will Not Hit ATH In 2024 – Polymarket
Why Goatseus Maximus is Going Up
The GOAT token experienced a strong launch thanks to promotion by an AI bot named Truth Terminal. This led it to become the first Millionaire AI bot as the price of GOAT skyrocketed.
Several factors contributed to the price increase of Goatseus Maximus (GOAT). In addition to the typical excitement surrounding memecoins, GOAT has received support from top cryptocurrency exchanges and trading platforms like Bybit, BitMEX, Bitget, Gate.io, HTX, and Crypto.com.
On October 23, Bybit revealed that the GOAT/USDT Perpetual Contract is now available on their platform, allowing users to trade with leverage of up to 12.5x.
🚀 #GOATUSDT Perpetual Contract is now Live on #BybitContract with @gospelofgoatse!
— Bybit (@Bybit_Official) October 23, 2024
Trade with up to 12.5x Leverage. Available on Bybit Trading Bot – Futures Grid, Martingale and Futures Combo.
📈 Trade $GOAT: https://t.co/Ghmjf74qFw#BybitTrading #BybitListing pic.twitter.com/ZXbwJNbRUC
Similarly, the story about how the artificial intelligence tool Truth Terminal created a meme religion known as “Goatseus Maximus” and became a millionaire in just three days captivates thousands of traders, many of whom are enjoying substantial profits now.
Among these traders is Arthur Hayes, the co-founder of BitMEX, who said on October 17, “When I read about the AI that launched its own memecoin and religion, I immediacy aped in.”.
GOAT Coin Price Prediction
The Goatseus Maximus coin peaked at $0.7525 on October 23 but has since declined by about 7%. This decrease is minimal compared to its recent performance.
Several key technical indicators suggest a bullish outlook, indicating the possibility of this token’s increasing price. Notably, demand remains reasonably strong, and despite the slight downturn, big investors are looking to purchase even more.
Should the bullish trend persist, the price of Goatseus Maximus might rise as buyers aim for the next resistance level at $0.80. Conversely, if sellers gain control at this mark, the GOAT coin price could fall back to the $0.5 support level.
Read more: Popcat Price, Open Interest, and Short Liquidations are Surging.
