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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 surrounding the token intensified with the announcement of its futures listing, propelling the price even higher and maintaining a daily growth rate of 20%. Market participants are now curious if GOAT can sustain this remarkable momentum.
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.
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.
Recent data from Coinglass reveals that the open interest in GOAT’s futures has climbed by 201.87%, totaling $29.02 million. Additionally, its derivative volume skyrocketed by 808% to $239.53 million. Historical patterns with other tokens listed by Binance suggest that GOAT may soon target the $1 mark.
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.
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