Why Goatseus Maximus (GOAT) Price May Hit $1 in November?

Goatseus Maximus has continued sparking buzz in the broader crypto industry, extending GOAT price gains to nearly 550% in October. Notably, the Truth Terminal-backed token secured backing from major crypto exchanges recently, surfing bullish tides across the broader industry. Now, with a major on-chain metric indicating heightened investor interest in the asset, market sentiments of the token scaling the $1 level prevail across the crypto realm.

GOAT Price Bullish As Open Interest Hits New ATH Sparking Optimism

According to recent Coinglass data, total GOAT futures OI noted a record level surge on October 30, reaching a new ATH. As per the data, the coin’s futures OI soared nearly 9% intraday, reaching 159.55 million GOAT worth $97.79 million. This level marks a new ATH ever since the token’s launch, primarily attributable to major exchanges commencing futures trading for the coin since earlier this month. This indicates positive sentiment for GOAT price to $1.

Goatseus Maximus’s X handle revealed that a stockpile of top crypto exchanges extended backing to the token recently. Notably, KuCoin commenced trading for the token the previous week. Meanwhile, Kraken commenced futures trading for the token the same week, aligning with the token’s OI surge.

Simultaneously, CoinGape Media reported that the giant Binance launched a Goatseus Maximus perpetual contract not long ago. Also, Asian crypto exchange giant OKX unveiled futures listing for the token, adding to optimism. The listings, paving the way for increased investor participation in the asset, have solidified the chances of the coin’s run to $1.

Is Goatseus Maximus Set to Hit $1 Next?

However, GOAT price plunged nearly 6% from yesterday, reaching $0.611. Its intraday low and high were recorded as $0.6158 and $0.7323, respectively. The waning price movement contrasts the abovementioned bullish aspects, raising market concerns.

However, it’s worth mentioning that Etherscan data shows 3,515 token holders as of today, with over 60K transactions for the token recorded, indicating robust growth and rising market interest promptly after its launch. This metric adds to optimism surrounding GOAT price’s potential to hit $1 ahead.

Simultaneously, a recent CoinGape Media report cemented chances of a $1 price target for the token as Goatseus Maximus rode the bulls, securing major listings while also illustrating the potential for more growth. Crypto market enthusiasts continue to monitor the token for further price action shifts, expecting a $1 hit as soon as November in light of recent advancements.

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Coingape Staff

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.