Date: Thu, Oct 24, 2024, 02:55 PM GMT
The memecoin frenzy continues to heat up in the crypto market as new memecoins continue to skyrocket in value. One of the latest to make waves is Goatseus Maximus ($GOAT), an AI-generated memecoin that has seen massive growth since its launch on October 10 through the platform pump.fun. In just 24 hours, $GOAT surged by 14%, and over the past week, it’s posted gains of over 160%.
Source: Coinmarketcap
Binance Listing Propels GOAT Into Top 100
Today, the world's largest cryptocurrency exchange, Binance, added GOAT to its futures trading platform. The announcement sent the token soaring to its new all-time high and secured its spot in the top 100 cryptocurrencies by market cap. Currently ranked #93, GOAT's market capitalization stands at an impressive $765 million.
Will It Hit $1 Next?
As with many other tokens, $GOAT is experiencing a retracement following the initial Binance listing pump. The token is currently trading at $0.76, down 17% from its all-time high earlier today. However, it has found support in the $0.70–$0.72 range.
If $GOAT can hold this level, a potential reversal that could take the coin back to its all-time high and potentially to $1—a 31% gain from its current price. On the flip side, if the support doesn’t hold, $GOAT might drop toward the $0.60 level.
Conclusion
In conclusion, Goatseus Maximus ($GOAT) has made impressive strides, breaking into the top 100 after its Binance listing. While the token faces short-term retracement, holding its current support level could pave the way for a move toward $1. As always, investors should tread carefully and do their own research before making any decisions.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions in the cryptocurrency market.
