The impressive performance of GOAT may not be a fluke. It is the first memecoin marketed by the Truth Terminal AI robot, making it a pioneer in this respect. This has contributed to its popularity and led to a new trend in AI marketing coins.
Will GOAT be the next major memecoin in the upcoming round of big rebounds?
GOAT's market capitalization has recently approached $1 billion. This would place it on the same level as Dogecoin, Pepe, and Shiba Inu.
The market capitalizations of these competitors have also exceeded $1 billion. If GOAT continues to enjoy strong demand, its market capitalization may exceed this level. Once it reaches the coveted $1 billion market cap, it may become one of the newer memecoins to enter the mainstream.
Its low supply may contribute to its attractiveness. The maximum supply of the memecoin is 1 billion Goateus Maximus, which has cooled significantly after forming a double top on the 4-hour chart over the past few days.
It is trading at $0.67, down 24% from its historical high of $0.902 so far.
It is worth noting that the price has been diverging from the RSI, which may indicate that the price is overbought.
However, keep in mind that its trading history is less than a month old, meaning predictions at the time of writing are less reliable.
Nonetheless, the price trend may at least provide a reference for GOAT's future in the short to mid-term. Limited downside space suggests that most holders expect the price to rise in the coming days, hence they are motivated to hold.
