- The market cap of GOAT was around $880 million at press time.
- Its price has declined by over 8% in the last 24 hours.
Goatseus Maximus [GOAT] has captured the market’s attention by nearly hitting a $1 billion market cap.
This milestone, driven by a combination of price surges and increasing social engagement, positioned the memecoin as a token to watch in the coming weeks.
Market cap hits new highs
According to the CoinMarketCap chart, GOAT’s valuation climbed steadily throughout October and early November.
AMBCrypto’s analysis showed it exceeded $991 million in the last trading session, which is now the highest in its history. This remarkable growth highlighted the token’s ability to attract substantial capital inflow.
Also, the consistent upward trend indicated strong investor confidence and growing adoption.
Source: CoinMarketCap
However, the market cap saw minor retracements, aligning with the broader crypto market’s fluctuations.
These pullbacks provide opportunities for traders to reassess entry points as the memecoin consolidates its gains.
With its market cap nearing the $1 billion mark, GOAT joins an elite group of memecoins that have achieved similar milestones in a short timeframe.
Price action reflects volatility
GOAT has been trading within the $0.80 to $0.90 range recently, following a rally that pushed it from $0.40 earlier in the month.
The token’s upward momentum was met with resistance near $0.90, leading to a slight correction.
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Author: Adewale Olarinde
