Goatius Maximus, the self-proclaimed first “AI memecoin,” has exploded onto the cryptocurrency markets this week, but amid a jaw-dropping +12,000% surge, where will the new GOAT memecoin go next?

As humanity continues to grapple with the advent of AI technology, things are getting weirder and weirder, from deepfake AI videos of politicians spreading like wildfire on X to a top auction house auctioning off an AI-drawn portrait for $432,000.

But now things are getting grim as the crypto community has been swept up in the self-proclaimed first AI-made and AI-powered memecoin, which has delivered a staggering 12,000% gain to early investors

What is Goatius Maximus? Is this meme coin really made by AI?

Goatius Maximus was created by Andy Ayrey as the product of a semi-autonomous artificial intelligence robot called "Truth Terminal" - at least on the surface.

However, Ayrey later clarified that the bot itself did not create the token; it was simply tagged in the original X post and quickly switched to supporting the token.

The GOAT token was first launched on Solana’s Pump.Fun platform on October 10 by a human creator.

This isn’t the first “AI-made” meme coin. However, GOAT is by far the most successful. The true heir to the throne entered the market last year with a currency called Astro Pepe X (APX) — and GOAT experienced a brief period of growth, fueled by a new type of AI meme coin maker and the community’s slogan “The developers are the AI.”

GOAT Price Analysis: How High Will the GOAT Meme Coin Fly This Week?

Goatius Maximus is the second most popular token on DEXtools, currently trading at $0.276 in the market (-1.8% 24h change).

Currently, GOAT has a market cap of $279 million and the price continues to trade within an impressive technical structure, having maintained a strong ascending trading channel over the past 6 days.

GOAT’s open interest has seen a staggering gain of +569,504% over the past 24 hours, finding strong support at the $0.2375 price level.

In the short term, this appears to be setting the stage for a continuation of the rally from what appears to be a well-established trading channel, especially with the RSI indicator having flipped from overbought to neutral over the past six hours and currently at 53.76.

If this happens, the price of GOAT could rise to new all-time highs above the current ATH of $0.377 within the next 24 hours.

And, Goatius Maximus doesn’t seem to be showing any signs of slowing down, as evidenced by the 60% buy pressure in the order book over the past six hours, and there is every reason to be optimistic about the token’s future growth potential.

Backed by a strong liquidity pool of $5.4 million, GOAT has a good chance of continuing the journey of many of its shape-shifting token predecessors like POPCAT and doubling in price from now.

However, a 2x return may not deliver the life-changing gains that many investors are looking for, especially given GOAT’s already considerable market cap. The massive $250 million in capital inflow required to double its current value makes such gains less than easy to achieve.