Is Goateus Maximus memecoin (GOAT) the next best opportunity in the segment? Every once a while a new memecoin comes along, makes a huge buzz an enjoys a strong rally. This relatively new memecoin appears to fit that description, therefore, necessitating a deeper dive.

Right off the bat, Goeateus Maximus memecoin has quite the cool name. However, that is not the only noteworthy feature. It has a robust community that is expanding quickly. Initial reports suggested that this token was launched by the Truth Terminal AI bot. However, the AI bot’s founder recently confirmed that Truth Terminal was not involved in the launch, although it did shill the new memecoin.

Goateus Maximus price action

GOAT is particularly noteworthy because of its performance so far. According to CoinGecko, it started trading as early as 13 October and price was lowest at $0.045. Its marketcap soared as high as $147 million 24 hours later and peaked above $513 million on 19 October.

The memecoin’s price peaked at $0.515 on 19 October but has since retraced to a $0.309 press time price, with a $306 million marketcap. This suggests that the initial wave of profit-taking has occurred. The price action demonstrated signs that sell pressure might be leveling out.

Should you buy Goateus Maximus memecoin?

You are probably wishing you would have found out about Goateus Maximus earlier considering its impressive performance. This guy had that chance but sold too early, missing a chance to make over $1 million.

But don’t beat yourself up. GOAT has so far demonstrated robust growth. This is a good sign that its community is rapidly growing and that it is being recognized as memecoin with great potential.

The fact that it soared above $500 million within the first 7 days is an impressive feat. That kind of attention is likely to continue.

How high can Goateus Maximus memecoin go?

A crystal ball would have been handy for this but unfortunately, we cannot predict the future. However, based on its initial performance, it is quite possible for the Goateus Maximus memecoin to soar above a $1 billion markepcap. This would allow it to cross above the $1 price tag, which is equivalent to a $223% gain from its current marketcap.

The memecoin’s relatively low circulating supply may also be part of the reason why it is attractive. A $5 billion mark also seems like a reasonable target for a token that crossed $500 million within its first trading week. At $5 billion marketcap, the Goateus Maximus memecoin will be worth $5. Which is equivalent to a 1,500% gain.

Assessing the risks

GOAT is still new to the market considering that it has been trading for less than a month. Its demand and sell pressure has therefore not been tested yet. On one hand, it could keep attracting more liquidity as it grows in popularity. On the other hand, it could turn out to be just another pump and dump scheme.

Either of the two options could be correct. Those who bought the Goateus Maximus memecoin in its early days have benefitted the most. The crypto market is heating up once again, meaning we could see a surge in demand over the next few months.

The Goateus Maximus memecoin may continue to benefit as liquidity flows into risk-on assets. Newer memecoins are particularly more attractive because they have higher potential upside. Nevertheless, this is not financial advice and audiences should note that investing in memecoins is risky. It is therefore advisable not to invest funds you are not willing to lose.

Also check out: Top New Meme Coin Presales You Can’t Afford to Miss in 2024/2025!