Goatseus Maximus (GOAT) Enters Crypto’s Top-100: Time To Buy Or Sell?
October 24 2024 - 3:00PM
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Goatseus Maximus (GOAT) has surged into the top 100
cryptocurrencies by market capitalization, currently holding the
#81 position. The memecoin has experienced a remarkable 27%
increase in the last 24 hours and an impressive 174% gain over the
past week. With a market capitalization hovering around $823
million, the $1 billion milestone appears to be within reach. The
recent price surge comes amid a major announcement from crypto
exchange OKX. The platform stated that it would list USDT-margined
perpetual futures for Goatseus Maximus (GOAT) starting at 9:00 am
UTC on October 24, 2024. Binance also announced that it will launch
GOAT/USDT perpetual contract with up to 75x leverage at 21:30 UTC+8
on October 24, 2024. The origins of GOAT trace back to March 2024,
when developer Andy Ayrey launched “The Infinite Backrooms,” an
endless dialogue between two AI models. During these interactions,
the concept of “GOATSE GNOSIS” emerged—a meme inspired by the
classic internet goats meme. This idea laid the foundation for what
would become the Truth Terminal. By June, Ayrey had transformed
content from these AI conversations into Truth Terminal, an AI
agent that interacts with users and generates content on Twitter.
Initially operating under the radar, the project gained significant
attention after venture capitalist Marc Andreessen donated $50,000
in Bitcoin in July to support its development. This generous
contribution acted as a catalyst, propelling the project into the
crypto spotlight. Related Reading: Crypto Craze: Investor Nets A
3,360% Gain, Turning $86,000 Into $3.75 Million The Truth Terminal
continued to disseminate the “Goatse Gospel” across X, which
eventually led to the creation of the GOAT memecoin. The token went
viral, rapidly ascending to its current market capitalization.
Currently, the Truth Terminal wallet holds 315 tokens, with SCOOP
memecoin making up the largest share at 51%, valued at over $6
million. GOAT memecoin is the second-largest holding, worth $1.5
million, followed by FARTCOIN, valued at $1.47 million, making it
the first millionaire AI agent. Despite its rapid ascent, GOAT has
not been without controversy. The token experienced a 50% drop amid
suspicions that the Truth Terminal account might be controlled by a
human rather than an AI. These doubts were sparked by a typo in one
of its tweets, leading some to question the authenticity of its AI
origins. Addressing the concerns, Andy Ayrey explained, “Such
errors stem from the limitations of AI models. Large language
models attempt to predict the next word, which can result in
mistakes.” His clarification reassured the community about the
project’s legitimacy . Analyst Perspectives: Is GOAT A Buy Or Sell?
The crypto community on X remains divided on GOAT’s future
trajectory. Crypto analyst Jake Pahor expressed optimism, stating,
“At this point, I wish I’d bought more GOAT. What an incredible
run. I believe we might see a pullback, which could offer some nice
entry points. However, it might just continue pumping to a $1
billion+ market cap and prove me wrong.” Related Reading: Crypto
Analyst Unveils The ‘True Time To Sell It All’: Here’s When On the
other hand, analyst Astronomer (@astronomer_zero) has chosen to
exit his position after significant gains. “GOAT is up 4x in a few
days; that’s it, I’m out!” he remarks. “I know it sounds
controversial—’don’t sell all, keep a moon bag’—but I was too
heavily allocated to leave the open profit on the table. We bid
$0.20 a few days ago; it was the bottom, and now we have the luxury
to sell four times higher without much drawdown.” The analyst also
draws a comparison with PEPE, which experienced a similar sharp
rise. “Wanted $1–$2 because PEPE topped out on its first leg at a
comparable market cap. But I think we’ve held long enough, and I’m
fine leaving the final potential 2x or 3x to the top snipers.”
Meanwhile, analyst cryptic (@crypticd22) remains bullish on GOAT’s
prospects. “GOAT leads. It’s going to break $1 billion and likely
do more,” he predicts. “A PEPE or Wif-type run could be on the
cards here. Even if you’re not in GOAT, the wealth effect of this
will mark the start of on-chain mania—in fact, it already has. GOAT
will then consolidate. That’s when the rest of AI memes move. Maybe
some will get front-run, but it will come. Patience.” At press
time, GOAT traded at $0.79. Featured image created with DALL.E,
chart from TradingView.com
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