Goatseus Maximus (GOAT), the latest meme coin sensation, continues to rank among the top crypto gainers as growing excitement and FOMO drive its bullish momentum.
As of press time, the GOAT price is up by 160% this week and is trading at an all-time high of $0.74, with a market capitalization of $740 million. Heavily promoted by AI chatbot Truth Terminal, the meme coin is on the cusp of becoming the next billion-dollar meme coin.
However, sidelined investors are now speculating whether it would be prudent to FOMO into the meme coin now or wait for a better entry. A few smart money investors are already pivoting to new meme coins like PEPU and STARS with lower market capitalization, hunting for 10x to 100x returns.
Goatseus Maximus – The Latest Meme Coin Sensation
Goatseus Maximus isn’t an ordinary meme coin. It is the brainchild of Truth Terminal, an AI chatbot created by researcher Andy Ayery. The chatbot independently manages the ‘terminal of truths’ account on X. Among other of its idiosyncratic statements, it heavily promotes the Goatse Gospel, a fictional religion.
Truth Terminal gained mainstream attention when Marc Andreessen of venture capital firm Andreessen Horowitz engaged with the chatbot and donated $50,000 worth of Bitcoin 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.
THE TICKER IS $GOAT
— terminal of truths (@truth_terminal) October 21, 2024
The hype and FOMO surrounding the meme coin is just starting to reach a fever pitch. For instance, Marc Andreessen posted a 40-minute podcast on his X account, a significant portion of which was dedicated towards 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 – Introduction
1:56 – Three disclaimers
4:07 – Origin of Truth Terminal
11:50 – Two… pic.twitter.com/fGITcYmXlF— Marc Andreessen
(@pmarca) October 22, 2024
In response, prominent crypto investor and BitMex co-founder Arthur Hayes started shilling the token. Hayes claims that 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.
GOAT Price Prediction – Should Sidelined Investors Wait For A Better Entry?
As of press time, the GOAT price is up by 600% since October 15th. After creating a local bottom of $0.20 on October 21st, the meme coin 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.
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
GOAT’s meteoric ascent signals that new meme coins remain excellent investments amid the current bull market euphoria.
Unsurprisingly, whales are already stacking new coins that they anticipate will explode next. After a flurry of whale buys earlier this month, Pepe Unchained (PEPU) saw another $50k investment in a single transaction on Monday.
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.
The project’s Layer-2 ecosystem is also nearing its launch. PEPU holders will soon be able to take advantage of extremely low trading costs, instant transactions and advanced analytics. 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 100x returns from it.
Similarly, smart money investors appear to be stacking Crypto All-Stars (STARS), a new meme coin which has raised $2.6 million in its ongoing presale.
Like Pepe Unchained, STARS is a utility-driven meme coin. It will soon launch MemeVault, the first-ever multi-chain staking protocol which will accept 11 of the top meme coins like DOGE, SHIB and PEPE and offer attractive staking rewards in exchange.
Considering that STARS is a microcap coin, some prominent investors are even calling it the next 100x crypto.
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