Goatseus Maximus (GOAT) – The Latest Meme Coin Sensation Continues to Rank Among the Top Crypto Gainers

Goatseus Maximus (GOAT), the latest meme coin sensation, continues to rank among the top crypto gainers as growing excitement and FOMO drive its bullish

As covered earlier by Invezz, Goatse, an image macro and Internet meme, has now been immortalized in the world of cryptocurrency with the launch of the Goatseus Maximus (GOAT) meme coin. Now, a new development has seen the meme coin receive heavy promotion from Truth Terminal.

Truth Terminal is an AI chatbot created by researcher Andy Ayery. It independently manages the ‘terminal of truths’ account on X, among other things. The chatbot is known for its idiosyncratic statements, and it also heavily promotes the Goatse Gospel, a fictional religion.

Truth Terminal gained mainstream attention when Marc Andreessen of venture capital firm Andreessen Horowitz engaged with it and donated $50,000 worth of Bitcoin (CRYPTO: BTC) to it as a research grant. Soon after, an anonymous developer created the Goatseus Maximus meme coin, which is now being heavily promoted by Truth Terminal’s X account.

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Andreessen, who is also known for his close ties to the crypto space, posted a 40-minute podcast on his X account, a significant portion of which was dedicated to the GOAT meme coin.

The amazing, wild, innovative, bananas, 100% true (I think), story of the world's first legitimately fun AI, @truth_terminal, plus the current future convergence of AI and crypto! ???0:25 – Introduction1:56 – Three disclaimers4:07 – Origin of Truth Terminal11:50 – Two… pic.twitter.com/fGITcYmXlF

In response to Marc’s shilling of the Goatseus Maximus (GOAT) meme coin, prominent crypto investor and BitMex co-founder Arthur Hayes also started shilling the token. According to Hayes, GOAT is headed to the billion-dollar mark in the coming days.

Top-tier crypto exchanges are also now rushing to list the meme coin. For instance, the GOAT perpetual contract is now live on Bybit while BitMex, Bitget and Woo X have listed the meme coin on their spot platforms.

The Goatseus Maximus (GOAT) price has been on a remarkable ascent since hitting a local bottom on October 21st at $0.2. As of press time, the meme coin is up by 600%. After bottoming out earlier this month, GOAT has soared by more than 250%.

Consequently, the possibility of a short-term pullback can no longer be underestimated. For instance, its Relative Strength Index (RSI 14) is now above the 72 mark, which typically means the asset is overbought.

Moreover, the recent trend suggests that most new meme coins like Popcat and Brett see a substantial cool-off period after hitting the $1 billion mark.

For instance, Popcat rallied from a $370 million valuation to a $940 million market cap in just 17 days. However, it then saw a steep 67% correction and fell back to the $300 million mark before skyrocketing to a $1.5 billion market cap once again.

Considering the similarities between the two projects, it wouldn’t be a surprise if GOAT replicates Popcat’s price action and offers sidelined investors a better entry as whales start to lock in their profits.

The GOAT price prediction from prominent crypto investor Astronomer echoes this sentiment. He already caught the local buttom once, opening his long position at $0.2. However, he believes that the meme coin will offer another entry below the $0.2 mark.

Whales Pivot To New Meme Coins – PEPU and STARS

As Goatseus Maximus (GOAT) continues to soar, reaching new all-time highs, the meme coin market is abuzz with new projects that are attracting the attention of whales. While GOAT is certainly making waves, some investors are pivoting to other meme coins that they believe have even greater upside potential.

One of the meme coins that have been seeing substantial support from whales is Pepe Unchained (PEPU). Earlier this month, a flurry of whale buys pushed PEPU up by 12%. Now, another whale has made a single purchase of $50k in PEPU, adding to the total buys.

The utility-driven meme coin has now raised nearly $22 million during its ongoing presale, making it one of the most successful presales of 2024. Its Layer-2 ecosystem is also nearing launch, promising extremely low trading costs, instant transactions and advanced analytics to PEPU holders. Through its now-open developer grants, the project is looking to onboard elite developers to its new chain.

Prominent crypto investors are bullish on PEPU’s upside potential and are eyeing anywhere from 20x to 100

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