Here are reasons why, even with a slight profit booking, the Goatseus Maximus (GOAT) price might still reach the $1 mark as soon as November.
Goatseus Maximus has continued to draw attention in the crypto world, pushing GOAT price gains up nearly 550% in October.
The Truth Terminal-backed token recently received support from major crypto exchanges, capitalizing on bullish momentum throughout the market.
Now, with a key on-chain indicator showing increased investor interest, market sentiment across the crypto space suggests the token could soon reach the $1 level.
GOAT Price Gains Momentum as Open Interest Reaches New ATH
Recent Coinglass data reveals that GOAT futures open interest (OI) surged to a record high on October 30, reaching a new ATH.
According to the data, the token’s futures OI climbed nearly 9% intraday, hitting 159.55 million GOAT, valued at $97.79 million.
This new high, achieved since the token’s launch, is mainly attributed to major exchanges introducing futures trading for the token earlier in October, signaling positive sentiment for GOAT’s potential rise to $1.
The official Goatseus Maximus X account announced that top crypto exchanges have recently supported the token.
KuCoin began trading the token last week, and Kraken also initiated futures trading for GOAT around the same time, in line with the OI surge.
Additionally, as reported, Binance recently launched a Goatseus Maximus perpetual contract and major Asian exchange OKX followed by listing futures for the token, boosting optimism.
These listings are expected to facilitate greater investor engagement, strengthening the likelihood of the token’s path toward $1.
Is Goatseus Maximus on Track to Reach $1 Next?
Despite the bullish indicators, GOAT’s price dropped about 6% from yesterday, settling at $0.611, with an intraday low of $0.6158 and a high of $0.7323.
This decline has prompted concerns within the market, as it contrasts with the positive signals mentioned above.
However, data from Etherscan shows 3,515 token holders to date, with over 60,000 transactions recorded, signaling rapid growth and heightened market interest soon after launch.
This metric fuels optimism for GOAT’s potential to reach $1.
Moreover, a recent report highlighted the token’s potential to hit $1 as Goatseus Maximus gained major listings and hinted at further growth possibilities.
Crypto market watchers are closely following the token’s price trends, expecting a possible $1 surge by November given recent developments.
