This week marked an impressive milestone for Goatseus Maximus (GOAT), which saw its value soar by 200% following its recent listing on Binance. The enthusiasm intensified with the announcement of its futures listing, maintaining a daily growth rate of 20%.
What Impact Did the Binance Listing Have?
Binance officially launched the GOAT/USDT futures listing yesterday at 13:30 UTC. This new listing allows traders to leverage their positions by up to 75x, expanding the trading options on the platform significantly.
Can GOAT Token Continue to Rise?
GOAT is also experiencing a steady rise in value, having secured listings on major exchanges such as Cryptocom. Over the past week, GOAT’s price surged by over 200%, while its daily trading volume increased by 57%, reaching $437.28 million, according to CoinMarketCap.
High-Risk Investments in Meme Coins
The high-risk, high-reward nature of meme coins is evident in GOAT’s rapid price increase following recent listings. Nonetheless, as a new entrant in this competitive space, the token remains vulnerable to sharp declines should market enthusiasm fade.
GOAT Token shows significant growth amid listings on major exchanges and growing interest from traders. However, as a meme coin, it remains a high-risk asset.