Newcomer meme coin Goatseus Maximus ($GOAT) is hovering dangerously close to the $1 mark after dropping 9% in the space of 24 hours.
$GOAT is currently priced $1.01, which means it runs the imminent risk of losing the psychologically important dollar foothold. Still, the month-old token is up 240% from thirty days ago and commands an impressive market cap of $1.01 billion as of this writing.
$GOATs 24-hour trading volume stands at an eye popping $382 million.
The token is trading against the grain of its sector today. Meme coins collectivewly rose 2% overnight and currently capitalizes $126 billion of crypto’s $3.2 trillion market cap.
Sector leader and progenitor Dogecoin ($DOGE) rallied 7% since yesterday and 8.4% since last Tuesday to trade at $3.11.
Meanwhile, Pepe ($PEPE), the largest non-canine species of meme coin is down 5% on the day but up a staggering 56.4% on the week.
Goatseus Maximus: Is It The $GOAT?
Goatseus Maximus began trading in mid-October. The name of the meme is based AI-generated tweets by a goat meme-obsessed sh*tposting X bot called the Terminal of Truths (@truth_terminal).
The bot is the brainchild of AI autonomy and cultural engagement researcher Andy Ayrey. Back in July, Marc Andreessen of silicon valley investment firm Andreessen Horowitz (a16z) donated $50,000 in Bitcoin ($BTC) to support the bot, with the funds likely being funnelled into the development of the Goatseus Maximus meme coin.
$GOAT has since been steadily rising. It hit an all-time high (ATH) of $1.36 on November 17, but a selloff the following day has since pulled the price back by about 24%.
Now, Goatseus Maximus’s relative strength index (RSI) is at 40 and falling. Once this hits 30, the token will be oversold and undervalued, which means the dip-buying opportunity could help it recover.
Source: TradingViewAs Goatseus Maximus Tumbles From Heights, Flockerz Takes Flight!
Goatseus Maximus has an AI narrative which could really help it rally, but as ever in the world of meme coins, nothing is certain.
Meme coins are volatile investments that tend to exaggerate wider market movements. When Bitcoin dips, then meme coins often crash, and vice versa.
Given $GOAT’s autonomous nature, prudent investors should allocate only a small amount of funds to it.
Those looking hedge their bets should explore the weird and wonderful world of micro-cap meme coin ICOs, where many innovative new species of meme coin are just launching. One such offering is the new vote-to-earn (V2E) Flockerz ($FLOCK).
This month, meme coin fans have been piling into a new vote-to-earn (V2E) meme coin called Flockerz ($FLOCK). The month-old presale has raised over $2.4 million.
Touting itself as “The People’s Meme Coin,” Flockerz offers crypto fans unrivaled community-building incentives and staking rewards.
Holders of Flockerz (known as “The $FLOCK”) are members of a decentralized autonomous organization (DAO) called Flocktopia, where they can draft and vote on governance and improvement proposals.
This structure ensures community consensus dictates the decisions rather than an opaque centralized authority, like with Goatseus Maximus.
Some 25% of the project’s 12 billion $FLOCK meme coin supply is for staking, with the protocol offering stakes yield of 873% on the tokens they stake over a two-year period.
Flockerz is a transparent and fully audited project.
That’s why Coinsult audited its smart contract, to give investors peace of mind.
Furthermore, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs), so it has global ambitions to join Neiro and other top meme coins.
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website
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