GOAT token achieved $878 million market cap within first 10 days of trading

TLDR

• GOAT token achieved $878 million market cap within first 10 days of trading
• Started with $104.11 million market cap from presale phase
• First memecoin marketed by Truth Terminal AI bot
• Currently trading at $0.67, down 24% from ATH of $0.902
• Has maximum supply cap of 1 billion coins

A new cryptocurrency called Goatseus Maximus (GOAT) has reached an $878 million market capitalization within its first ten days of trading, marking one of the fastest growth trajectories for a memecoin in recent months.

GOAT token began trading on October 14, 2024, following a presale phase that raised $104.11 million. The token’s market performance has drawn attention from crypto traders and investors, as it managed to retain much of its value despite the typical sell pressure that follows presale launches.

The token currently trades at $0.67, representing a 24% decrease from its all-time high of $0.902. Market data shows that GOAT maintained steady price levels even as early investors began taking profits, a pattern that differs from many other memecoin launches.

GOAT has established itself as the first cryptocurrency to be marketed through the Truth Terminal AI bot, creating a new category of AI-promoted digital assets.

This innovative marketing approach helped drive initial interest and contributed to the token’s rapid market growth.

The token’s maximum supply is capped at 1 billion coins, a relatively low number compared to other memecoins. This supply limitation may have contributed to price stability and investor interest during the early trading period.

Technical analysis of GOAT’s price action shows the formation of a double top pattern on the 4-hour chart. The Relative Strength Index (RSI) has displayed divergence patterns, suggesting overbought conditions during certain trading periods.

Goatseus Maximus Price on CoinGecko

Market data indicates that most early investors have maintained their positions, possibly anticipating future price increases. This holding pattern has helped sustain price levels above the initial listing price.

The token’s market performance places it near the threshold of joining established memecoins like Dogecoin, Pepe, and Shiba Inu, which all maintain market capitalizations above $1 billion.

Trading volume has remained consistent through the first two weeks, with price movements showing reduced volatility compared to typical memecoin launches.

The project’s rapid growth occurred without major marketing campaigns beyond the AI bot promotion, suggesting organic market interest in the token.

Recent trading patterns show consolidation around the $0.67 price level, with support forming above the initial listing price.

Price movement data indicates decreased selling pressure compared to the first days of trading, though the token’s short trading history makes long-term trend analysis challenging.

Market observers note that GOAT’s trading patterns differ from traditional memecoin launches, particularly in terms of price stability after the initial listing period.

The token’s market performance data shows steady buying pressure maintaining price levels despite profit-taking by presale participants.

Current market metrics indicate continued trader interest, with active wallet addresses showing steady growth since the launch date.