GOAT , which is attracting more and more attention with its stock market listings, has experienced a significant price increase in the last 24 hours.
GOAT, which has been experiencing a parabolic rise since its launch on Pump.fun two weeks ago. It gained 193.98% last week alone, placing it at the forefront of the recently emerging artificial intelligence-based meme coin storm.
Following these new listings, investors started to turn to GOAT with the effect of FOMO. The trading volume of the meme coin increased by 93.5% in the last 24 hours, reaching $424.4 million.
Goatseus Maximus’s Market Value Approaches $ 1 Billion: What Triggered the Rise?
The reason for this recent surge could be the listing of GOAT on leading crypto exchanges. Such as BitMEX, Bitger, Gate.io, WOO, HTX and Crypto.com.
These listings are considered a sign that the coin has been approved. With reputable exchanges listing new meme coins, the FUD faced by these coins is eliminated and their likelihood of remaining in the market increases. The coin’s reach to new users also allows it to see large inflows.
The fact that whales are investing heavily in GOAT also reflects their confidence. According to on-chain researcher Lookonchain, many Solana whales have bought millions of dollars worth of GOAT.
GOAT Price Analysis: Will it see $ 1?
Although it is difficult for a meme coin in the development phase to exhibit clear price movements, small developments in GOAT’s price chart indicate that it may gain more value.
GOAT, which recently fell below the resistance level at $ 0.7775, recovered and turned this level into support.
If this level is maintained, GOAT may maintain its uptrend.
The MACD line moving above the signal line also reinforces this idea. The MACD line moving above the signal line has led to significant rises in the GOAT price in recent days.
In this case, GOAT’s market capitalisation could see $900 million and then, after a slight correction to find a more solid foothold, it could reach a market capitalisation of $1 billion with a price target of $1.
However, the potential for a retest of the pattern’s lower boundary should not be ruled out, especially given the considerable volatility GOAT has faced.
However, despite this, there is currently no valid reason to expect it to break the support level downwards.
This New Meme Coin is Following in GOAT’s Footsteps
According to analyst Murad Mahmudov, GOAT’s sudden rise to fame represents a transition to ‘movement coins’. These community-driven meme coins have the potential to grow with ideologies and deep-rooted interaction.
One of the new coins, Flockerz ($FLOCK), addresses criticism that meme coins are overly centralised by taking a step towards decentralised governance with a vote-to-win system.
Behind every strong meme coin is a strong community. So why shouldn’t these communities be influential in decision-making?
Flockerz’s DAO, Flocktopia, aims to solve this imbalance. The project, which has already received the support of the meme coin community, has received more than $ 1 million in pre-sale investment.
Members of ‘The Flock’ will be able to have a say on important issues related to the project, including new features, development, token burning, marketing strategies and growth incentives.
With Flockerz’s vote-to-win system, those who participate in the voting will receive FLOCK tokens as a reward.
But the rewards are not limited to this! Investors currently have one of the largest passive income opportunities at 1653% APY.