$GOAT is looking more and more like $SPX.
The higher it climbs, the fewer buyers step in. And the fewer buyers there are, the more it pumps. But every market cap has a ceiling.
Take $SPX as an exampleâit never got listed on major exchanges, yet it ran to $1B. Could it double to $2B? Maybe. But to $4B? Thatâs where things get tricky.
$GOAT faces the same dilemma. Whoâs going to take on that much risk just for a 1x profit? If you want to chase a double, Bitcoin seems like a safer bet.
When meme coins hit a certain threshold, it becomes awkward:
âą If it drops, retail doesnât buy. Why? Because they never believed in it to begin withâthe dip just confirms their doubts.
âą If it pumps further, retail still wonât buy. Thereâs no room left to run, and the risk far outweighs the reward.
At that point, itâs just whales and retail traders staring at each other. Nobody blinks, and the air fills with an eerie silence.