Goatseus Maximus (GOAT), the AI-primarily based fully meme coin trending no longer too prolonged within the past, has hit a original all-time high after Binance announced that it would checklist the cryptocurrency. Following this vogue, the GOAT meme coin stamp climbed to $0.88.
This vogue has sparked hypothesis within the market, with some suggesting that the market cap could per chance surpass $1 billion. Will that happen?
Binance Futures List Pushes the Quantity Increased
In response to the Binance announcement earlier right this moment, the alternate will checklist the GOAT meme coin on the futures market, and customers will probably be ready to alternate the meme coin using up to 75x leverage.
Earlier than the disclosure, GOAT’s stamp turn into as soon as $0.77. However after that, the crypto’s stamp surged to $0.88 earlier than it pulled relieve a miniature to $0.85. Following the development, the quantity surged to a original high of $434.88 million.
Within the crypto market, trading volume represents the total collection of money or tokens traded over a remark length. It is a truly great metric that offers insights into market exercise and liquidity, serving to to gauge the energy and passion in a selected cryptocurrency.
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If sustained, the rising trading volume, coupled with GOAT’s surging stamp, could per chance push the stamp above $0.88. Additionally, the Binance futures checklist enables extra merchants to ranking publicity to the AI-pushed meme coin.
This vogue appears to be taking shape as Delivery Hobby (OI) continues to climb. In response to Coinglass, OI in GOAT has surged by 272% within the final 24 hours, reaching $13.82 million, indicating growing passion from the market.
Excessive Delivery Hobby, by itself, signifies sturdy momentum on the relieve of the latest market vogue. Due to this fact, if the OI continues to expand, the GOAT’s uptrend will probably persist.
GOAT Mark Prediction: Decline Earlier than Rebound
On the 4-hour chart, the GOAT meme coin stamp has pulled relieve from $0.88 and is at $0.78. This retracement would be for the reason that meme coin is overbought. To illustrate, the Bollinger Bands (BB) on the chart displays that the upper line of the indicator has touched GOAT’s stamp.
Whereas this indicates rising volatility around it, it also indicates that the token has been overbought, as talked about earlier. Assuming the lower band of the BB touched the stamp, then it would were deemed oversold.
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Pondering this outlook, GOAT’s stamp could per chance decline to $0.70, the build the 23.6% nominal pullback sits. On the other hand, if Delivery Hobby and volume proceed to rise, the stamp is probably to jump off the diminutive retracement. In that occasion, it would climb toward $1.
