A newly launched memecoin in the Solana blockchain, Goatseus Maximus (GOAT), surged nearly 1,500% in two weeks before being listed. In just a week after listing, GOAT has doubled in price, spiking close to 106% in the charts. The novice token attracts bullish sentiments from traders who want to try their luck with the coin’s prospects.
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Leading pseudonymous cryptocurrency analyst Altcoin Sherpa took to YouTube to predict that the new Solana GOAT memecoin could surge much higher. The analyst said the Solana-based meme coin started strongly in the indices and could remain at the top.
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The memecoin segment is highly competitive, with several tokens vying for the top spot. After Dogecoin and Shiba Inu, other memecoins, such as BONK and PEPE, have taken the lead as they’re delivering better results. Solana memecoins are aplenty, and GOAT could be the next thing in town, said the analyst.
Solana Memecoin GOAT Could Rally Further
Altcoin Sherpa revealed that Solana-based memecoin GOAT is consolidating in price before another rally. “It came out the strongest, it’s going to be the presumed leader of this category. Now whether or not people actually understand it, understand the framing of these coins, that’s another story.”
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“It wouldn’t surprise me at all to see some more like consolidation like this and maybe even another poke at the $0.27 mark. This would be a pretty decent area to buy,” he said. GOAT memecoin, running on the Solana blockchain, is currently trading at $0.69 in the charts.
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Memecoins are a risky affair as they can swing both ways, delivering massive losses and profits. These tokens have little underlying value, and they mostly run on hype and buzz.
Making money is based on pure luck and timing, and not everybody can make it big. However, the ones that make it big usually make larger-than-life money. The decision to invest in the Solana-based GOAT memecoin is yours, and we do not endorse any price predictions.
