This article is also available in Spanish.
Goatseus Maximus (GOAT), the new meme coin on the block, has taken the crypto community by storm with its aggressive rise since its launch earlier this month. In just two weeks, GOAT rose from almost zero to over $900 million in market capitalization, comparable to last year’s sensational memecoin, PEPE.
This rapid rise has captured both analysts and investors, who are beginning to see GOAT as a potential contender for memecoin’s dominance in the current market cycle.
Related Reading
Similar to PEPE’s massive rise in 2023, GOAT defies early skepticism, proving that meme coins still hold a lot of traction among crypto enthusiasts and speculative traders. With its rapidly growing community and social media presence, many are questioning whether the GOAT has what it takes to become the reference point for this cycle’s meme coin.
As excitement builds, the market is watching closely to see if GOAT can maintain its momentum and establish itself as the next big name in the unpredictable world of meme coins.
Can The Goat Lead The Meme Bullets This Cycle?
Top crypto analyst and investor Daan recently shared an insightful comparison on X between the rising meme coin Goatseus Maximus (GOAT) and the sensation of 2023, PEPE. In his analysis, Daan noted that while GOAT has grown significantly since its recent launch, PEPE’s initial trajectory was even faster.
PEPE reached an estimated market cap of $1.4 billion within 22 days of its launch, and by day 17, it held nearly $600 million—closer to GOAT’s current standing. Daan emphasized that PEPE’s peak value occurred when Binance listed it as a perpetual contract, which created a “big explosion.” This listing and subsequent price increase marked a turning point, as PEPE did not return to those price levels for another 10 months.
Daan also highlighted other fast-moving tokens, such as SLERF and BOME, which performed very well earlier this year during the local market. However, he believes that GOAT and PEPE stand out as potential long-term players in the meme currency space, given their roles as industry leaders. By placing GOAT alongside PEPE, Daan emphasized the potential for GOAT to match PEPE’s lasting appeal among investors.
Related Reading
As GOAT continues to gain momentum, the market remains speculative, and comparisons like Daan’s reveal how meme coins like GOAT can evolve—establish themselves as a major player or face a cycle of similar volatility after a rise. With GOAT’s rising market value and growing interest, time will tell if it can follow the same path as PEPE or carve out a unique legacy within the meme genre.
Value Action: A Technical View
GOAT is currently trading at $0.637 after retracing its all-time high of $0.915. Although GOAT price movement data remains limited due to recent launches, the 4-hour chart reveals key levels that can define demand and supply areas.
A key demand level to watch is around $0.56—previously a significant resistance from the start of the GOAT, now flipped to serve as strong support. If GOAT can hold above this $0.56 mark, it could indicate continued interest from buyers, signaling further upside.
On the supply side, $0.72 is the next important area to check. A break above this level is likely to bring fresh momentum as traders look for higher levels and potential gains over recent highs.
Related Reading
The $0.72 area will act as short-term resistance, and if the GOAT manages to break through it, the price may move higher. As GOAT’s momentum builds, these levels provide a framework to monitor its price action and gauge potential shifts in market sentiment associated with this rising meme coin.
Featured image from Dall-E, chart from TradingView