The GOAT price (Goatseus Maximus) increased by more than 200% in a week following the listing of the GOATUSDT by Binance Futures, which offers a 75x leverage.
Goatseus Maximus (GOAT), the most recent popular topic in the crypto community, once again attracted significant investor interest by securing a critical listing on Thursday.
It is worth noting that Binance implemented a perpetual contract for the Truth_Terminal-backed token, which resulted in a weekly increase of over 200% in the GOAT price. In parallel with the listing announcement, the coin’s intraday advances totaled 20%.
In light of its futures listing on one of the most prominent crypto exchanges, crypto market advocates are speculating whether the recently launched cryptocurrency could maintain a bull run to $1.
Market Optimism Reverberates as GOAT Bags Binance Futures Listing
The GOATUSDT USD-Margined perpetual contract will be listed by the futures trading branch of the firm at 13:30 UTC today, as per an official announcement from Binance dated October 24.
The asset can be traded with a leverage of up to 75x on the platform. The primary objective of this move by the crypto trading platform is to broaden the selection of trading options available to users.
The Truth-Terminal-backed token, Goatseus Maximus, continues to serve as the contract’s fundamental asset. The asset’s ticker size is 0.0001, as indicated in the listing announcement.
Concurrently, the exchange established the regulated funding rate at +2.00% / -2.00%. Additionally, the announcement clarified that the contract is prepared to undergo potential modifications in the future, contingent upon market risk conditions.
Nevertheless, recent market statistics indicate that the listing has triggered bullish surges for crypto across the broader market. Notably, the asset’s prospects were bolstered by the fact that the foremost crypto exchange, Crypto.com, had previously listed Goatseus Maximus.
GOAT Price has increased by 20%
The token is generally experiencing bullish market conditions, consistent with its recent listing on prominent crypto exchanges. At the time of publication, the price of GOAT has increased by nearly 20% in the past day and is currently at $0.7947.
The goat price weekly gains exceeded 200%, as indicated by CoinMarketCap data. In addition, the coin’s intraday low and high were recorded at $0.5992 and $0.8821, respectively. The coin’s intraday trading volume increased by 57% to $437.28 million, as traders also responded favorably to the listing announcement.
In the interim, Coinglass data indicated a 201.87% increase in the open interest in Goatseus Maximus futures, which reached $29.02 million today. In addition, the derivatives volume for the token increased by 808% to $239.53 million. This data indicated that the Truth_Terminal-backed token is presently experiencing an upward trend.
Concurrently, the coin’s future price movements are further bolstered by the effect of Binance’s past listings on a token’s price. Simon’s Cat price has increased by more than 60% since October 21, specifically in response to the listing of CAT futures on the exchange.
This phenomenon incites optimism regarding the potential GOAT price increase, with a $1 target not far off. Additionally, it is essential to mention that Arthur Hayes, the founder of BitMEX, predicted that the token would be appreciated tenfold in the future, which serves as an additional source of optimism regarding future developments.
