The post GOAT Meme Coin Price Hits New All-Time High appeared on BitcoinEthereumNews.com.

Goatseus Maximus (GOAT), the AI-based meme coin trending recently, has hit a new all-time high after Binance announced that it would list the cryptocurrency. Following this development, the GOAT meme coin price climbed to $0.88. This development has sparked speculation in the market, with some suggesting that the market cap could surpass $1 billion. Will that happen? Binance Futures Listing Pushes the Volume Higher According to the Binance announcement earlier today, the exchange will list the GOAT meme coin on the futures market, and users will be able to trade the meme coin using up to 75x leverage. Before the disclosure, GOAT’s price was $0.77. But after that, the crypto’s value surged to $0.88 before it pulled back slightly to $0.85. Following the development, the volume surged to a new high of $434.88 million.  In the crypto market, trading volume represents the total number of coins or tokens traded over a specific period. It is a crucial metric that offers insights into market activity and liquidity, helping to gauge the strength and interest in a particular cryptocurrency. Read More: Binance P2P Guide: Understanding What It Is and How It Works Goatseus Maximus Volume. Source: Santiment If sustained, the rising trading volume, coupled with GOAT’s surging value, could push the price above $0.88. Additionally, the Binance futures listing allows more traders to gain exposure to the AI-driven meme coin. This trend appears to be taking shape as Open Interest (OI) continues to climb. According to Coinglass, OI in GOAT has surged by 272% in the last 24 hours, reaching $13.82 million, indicating growing interest from the market. High Open Interest, by itself, signifies strong momentum behind the current market trend. Therefore, if the OI continues to increase, the GOAT’s uptrend will likely persist. Goatseus Maximus Open Interest. Source: Coinglass GOAT Price Prediction:…

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Filed under: News - @ October 24, 2024 8:20 pm