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GOAT Price Extends Weekly Gains To 200% On Binance Futures Listing, Is $1 Next?
Published
4 weeks agoon
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adminThe recent hot buzz of the crypto town, Goatseus Maximus (GOAT), once again garnered substantial investor attention as it secured a vital listing on Thursday. Notably, Binance launched a perpetual contract for the Truth_Terminal-backed token, pushing GOAT price to extend weekly gains by over 200%. Meanwhile, the coin’s intraday gains totaled 20% in tandem with the listing announcement.
Crypto market enthusiasts speculate whether the recently launched crypto could sustain a bull run to $1 in light of its futures listing on one of the top crypto exchanges.
GOAT Bags Binance Futures Listing Reverberating Market Optimism
According to an official Binance announcement dated October 24, the futures trading arm of the firm is listing GOATUSDT USD-Margined perpetual contract today at 13:30 UTC. Traders on the platform can enjoy up to 75x leverage when trading the asset. This mover by the crypto trading platform comes primarily to expand the list of trading choices offered to users.
The underlying asset for the perpetual contract remains Goatseus Maximus, the Truth-Terminal-backed token. Further, the ticker size for the asset is 0.0001, per the listing announcement. Simultaneously, the capped funding rate was set at +2.00% / -2.00% by the exchange. Besides, the announcement also clarified that the perpetual contract remains poised to face potential changes ahead based on market risk conditions.
Nevertheless, the listing appears to have set off bullish waves for the crypto across the broader market, as seen by recent market stats. Notably, the leading crypto exchange, Crypto.com, also listed Goatseus Maximus previously, pouring optimism over the asset’s future prospects.
GOAT Price Soars 20%
Overall, aligning with its recent listing chronicles on leading crypto exchanges, the token currently surfs bullish tides in the market. At press time, GOAT price surged nearly 20% over the past day and is sitting at $0.7947. The token extended weekly gains to over 200%, per CoinMarketCap data. Further, the coin’s intraday low and high were registered as $0.5992 and $0.8821, respectively. Traders also reacted bullishly to the listing announcement as the coin’s intraday trading volume soared 57% to $437.28 million.
Meanwhile, Coinglass data indicated a 201.87% upswing in Goatseus Maximus futures OI to $29.02 million today. Moreover, even the derivatives volume for the token rocketed 808% to $239.53 million. This data pointed out that the Truth_Terminal-backed token is currently on an uptrend.
Simultaneously, past listings by Binance and their impact on a token’s price bring additional optimism toward the coin’s future price movements. Notably, Simon’s Cat price extended gains to over 60% to date since October 21 in light of CAT futures listing on the exchange. This phenomenon sparks optimism over GOAT price gains lying ahead, with a potential $1 target not far away. Also, it’s noteworthy that BitMEX founder Arthur Hayes anticipated the token to gain 10x ahead, adding to optimism on future movements.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
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24/7 Cryptocurrency News
Gary Gensler To Step Down As US SEC Chair In January
Published
4 hours agoon
November 21, 2024By
adminIn a recent development, the US Securities and Exchange Commission (SEC) announced that Gary Gensler will step down from his position next year. This follows calls for Gensler to resign since Donald Trump won the US presidential elections.
Gary Gensler To Step Down As US SEC Chair
The US SEC announced in a press release that Gary Gensler will depart the Agency on January 20, 2025. The US SEC Chair also confirmed this development in an X post. Interestingly, this comes on the same day that Donald Trump will be inaugurated as the 47th president of the United States.
Following the announcement, Gensler also used the opportunity to reflect on his time at the Commission. He remarked that it has been an “honor of a lifetime” to serve alongside those at the SEC. He also thanked President Biden for the opportunity to serve in the position. Gensler has been the US SEC Chair since April 2021. During his time, he has spearheaded several litigations against the crypto industry.
This includes the long-running legal battle with Ripple, which Gensler took over from his predecessor Jay Clayton, which bordered on whether XRP was a security. Up till now, the Agency continues to reiterate this ‘digital asset securities’ claim.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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.
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24/7 Cryptocurrency News
Bitcoin Miner MARA Holdings Raises $1B To Buy More Bitcoin
Published
8 hours agoon
November 21, 2024By
adminBitcoin Miner MARA Holdings has raised approximately $1 billion through the sale of its convertible notes. The Bitcoin miner revealed that some of the proceeds from this sale would be used to buy more BTC, although they didn’t mention the exact amount.
Marathon Digital Raises $1B To Buy More Bitcoin
In a press release, the Bitcoin miner revealed that it had raised net proceeds of $980 million from its convertible notes sale after deducting the initial purchaser’s discounts and commissions but before the estimated offering expenses payable by the company.
This development is significant as MARA Holdings revealed that it will use some of the net proceeds to acquire additional BTC. It is worth mentioning that the Bitcoin miner already holds around 27,000 BTC and is the public company with the second-largest Bitcoin holdings.
This development comes as MARA also recently unveiled plans to raise $700m through convertible notes, which will mature in 2030. Meanwhile, the Bitcoin miner looks to be going head-to-head with MicroStrategy, which also recently upsized its private offering to $2.6 billion. The software company will use some of the proceeds to buy more BTC.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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.
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24/7 Cryptocurrency News
How Will BTC React to $3B Buying Spree?
Published
11 hours agoon
November 21, 2024By
adminBitcoin (BTC) price today trades at $97,606.0 as of 10 AM. BTC price hit a daily high of $97,837.0 today after rallying 4.41% on November 21.
Why Is Bitcoin Price Up Today?
Bitcoin price today is up 4.41% today and currently auctions around $97,606.0. Since the breakout from the seven-month consolidation and the $75k hurdle, the crypto market outlook has turned bullish. While a few altcoins shoot higher, the alt season is yet to begin.
*bitcoin price updated as of 10 AM.
Price of BTC trades at $97,606.0, bringing the year-to-date gain from 56% on October 20 to 108% as of November 18. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands at 39%, and is well below BTC.
Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.
Bitcoin Price Eyes Bullish End to 2024
Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end November 2024 on a positive note. Many even expect a six-digit target for BTC by the end of November, and this is due to the historical returns. History shows that Bitcoin has always performed massively in the fourth quarter.
With that said, if Bitcoin price hits a new ATH in November or December, Bitcoin’s market capitalization, which stands at $1,931.5 billion could push toward the $2 trillion mark.
Bitcoin: The Largest Cryptocurrency
While Bitcoin’s market cap hovers around $1,931.5 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization, which is $2.40 trillion. Despite the seven-month consolidation, Bitcoin’s $1.3 trillion market cap remains strong, anticipating it reaching $2 trillion in 2025.
BTC’s 24-hour Trading Volume
Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $99.0 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.
Bitcoin Blockchain Upgrades
With a market cap of $1.3 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.
Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.
Bitcoin Network Upgrades Since 2009
Here are some key milestone upgrades to the Bitcoin network over the past decade.
2017-2019
2015-2016
2013-2014
2010-2012
2009-2010
Bitcoin Price Forecast For Next Month
Date | Price | Change |
---|---|---|
November 21, 2024 | $94,679 | 0.29% |
November 22, 2024 | $99,364 | 5.25% |
November 23, 2024 | $100,935 | 6.91% |
November 24, 2024 | $101,744 | 7.77% |
November 25, 2024 | $102,639 | 8.72% |
Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $104,725 as of November 26, leading to a correction. In a month from now, the largest crypto by market cap could be exchanging hands at around $100k.
Bitcoin Price Forecast Between 2025 and 2029
January | $100,873.53 | $99,727.36 | $100,300.45 | 61.3% |
February | $100,812.06 | $99,696.19 | $100,254.13 | 61.3% |
March | $100,750.58 | $99,665.02 | $100,207.81 | 61.2% |
April | $100,689.11 | $99,633.85 | $100,161.49 | 61.1% |
May | $100,627.64 | $99,602.68 | $100,115.17 | 61% |
June | $100,566.17 | $99,571.52 | $100,068.85 | 61% |
July | $100,504.69 | $99,540.35 | $100,022.52 | 60.9% |
August | $100,443.22 | $99,509.18 | $99,976.20 | 60.8% |
September | $100,381.75 | $99,478.01 | $99,929.88 | 60.7% |
October | $100,320.28 | $99,446.84 | $99,883.56 | 60.7% |
November | $100,258.80 | $99,415.67 | $99,837.24 | 60.6% |
December | $100,197.33 | $99,384.50 | $99,790.92 | 60.5% |
All Time | $100,535.43 | $99,555.93 | $100,045.68 | 60.9% |
January | $103,010.64 | $102,667.46 | $105,097.01 | 69% |
February | $105,823.94 | $105,950.42 | $110,403.10 | 77.6% |
March | $108,637.25 | $109,233.38 | $115,709.19 | 86.1% |
April | $111,450.55 | $112,516.33 | $121,015.28 | 94.6% |
May | $114,263.86 | $115,799.29 | $126,321.37 | 103.2% |
June | $117,077.17 | $119,082.25 | $131,627.46 | 111.7% |
July | $119,890.47 | $122,365.21 | $136,933.55 | 120.2% |
August | $122,703.78 | $125,648.17 | $142,239.64 | 128.8% |
September | $125,517.08 | $128,931.13 | $147,545.73 | 137.3% |
October | $128,330.39 | $132,214.08 | $152,851.82 | 145.9% |
November | $131,143.69 | $135,497.04 | $158,157.91 | 154.4% |
December | $133,957 | $138,780 | $163,464 | 162.9% |
All Time | $118,483.82 | $120,723.73 | $134,280.51 | 116% |
January | $139,801.17 | $144,684.75 | $169,276.92 | 172.3% |
February | $145,645.33 | $150,589.50 | $175,089.83 | 181.6% |
March | $151,489.50 | $156,494.25 | $180,902.75 | 191% |
April | $157,333.67 | $162,399 | $186,715.67 | 200.3% |
May | $163,177.83 | $168,303.75 | $192,528.58 | 209.7% |
June | $169,022 | $174,208.50 | $198,341.50 | 219% |
July | $174,866.17 | $180,113.25 | $204,154.42 | 228.4% |
August | $180,710.33 | $186,018 | $209,967.33 | 237.7% |
September | $186,554.50 | $191,922.75 | $215,780.25 | 247.1% |
October | $192,398.67 | $197,827.50 | $221,593.17 | 256.4% |
November | $198,242.83 | $203,732.25 | $227,406.08 | 265.8% |
December | $204,087 | $209,637 | $233,219 | 275.1% |
All Time | $171,944.08 | $177,160.88 | $201,247.96 | 223.7% |
January | $212,511.67 | $218,298 | $243,655 | 291.9% |
February | $220,936.33 | $226,959 | $254,091 | 308.7% |
March | $229,361 | $235,620 | $264,527 | 325.5% |
April | $237,785.67 | $244,281 | $274,963 | 342.3% |
May | $246,210.33 | $252,942 | $285,399 | 359% |
June | $254,635 | $261,603 | $295,835 | 375.8% |
July | $263,059.67 | $270,264 | $306,271 | 392.6% |
August | $271,484.33 | $278,925 | $316,707 | 409.4% |
September | $279,909 | $287,586 | $327,143 | 426.2% |
October | $288,333.67 | $296,247 | $337,579 | 443% |
November | $296,758.33 | $304,908 | $348,015 | 459.8% |
December | $305,183 | $313,569 | $358,451 | 476.5% |
All Time | $258,847.33 | $265,933.50 | $301,053 | 384.2% |
January | $317,150.58 | $326,144.33 | $372,391.92 | 499% |
February | $329,118.17 | $338,719.67 | $386,332.83 | 521.4% |
March | $341,085.75 | $351,295 | $400,273.75 | 543.8% |
April | $353,053.33 | $363,870.33 | $414,214.67 | 566.2% |
May | $365,020.92 | $376,445.67 | $428,155.58 | 588.7% |
June | $376,988.50 | $389,021 | $442,096.50 | 611.1% |
July | $388,956.08 | $401,596.33 | $456,037.42 | 633.5% |
August | $400,923.67 | $414,171.67 | $469,978.33 | 655.9% |
September | $412,891.25 | $426,747 | $483,919.25 | 678.4% |
October | $424,858.83 | $439,322.33 | $497,860.17 | 700.8% |
November | $436,826.42 | $451,897.67 | $511,801.08 | 723.2% |
December | $448,794 | $464,473 | $525,742 | 745.6% |
All Time | $382,972.29 | $395,308.67 | $449,066.96 | 622.3% |
By 2025, Bitcoin price could hit the six-digit territory, and expect a massive bull run to kickstart in the years leading up to 2029. Coingape’s Bitcoin price prediction notes that BTC could trade between $82,213.41 and $660,471.83 by 2029.
Bitcoin Price Outlook between 2030 and 2050
2030
2031
2032
2033
2040
2050
January | $465,154.42 | $481,462.17 | $546,469.67 | 779% |
February | $481,514.83 | $498,451.33 | $567,197.33 | 812.3% |
March | $497,875.25 | $515,440.50 | $587,925 | 845.6% |
April | $514,235.67 | $532,429.67 | $608,652.67 | 879% |
May | $530,596.08 | $549,418.83 | $629,380.33 | 912.3% |
June | $546,956.50 | $566,408 | $650,108 | 945.7% |
July | $563,316.92 | $583,397.17 | $670,835.67 | 979% |
August | $579,677.33 | $600,386.33 | $691,563.33 | 1012.3% |
September | $596,037.75 | $617,375.50 | $712,291 | 1045.7% |
October | $612,398.17 | $634,364.67 | $733,018.67 | 1079% |
November | $628,758.58 | $651,353.83 | $753,746.33 | 1112.4% |
December | $645,119 | $668,343 | $774,474 | 1145.7% |
All Time | $555,136.71 | $574,902.58 | $660,471.83 | 962.3% |
January | $667,167.08 | $691,240.58 | $802,526.58 | 1190.8% |
February | $689,215.17 | $714,138.17 | $830,579.17 | 1235.9% |
March | $711,263.25 | $737,035.75 | $858,631.75 | 1281.1% |
April | $733,311.33 | $759,933.33 | $886,684.33 | 1326.2% |
May | $755,359.42 | $782,830.92 | $914,736.92 | 1371.3% |
June | $777,407.50 | $805,728.50 | $942,789.50 | 1416.4% |
July | $799,455.58 | $828,626.08 | $970,842.08 | 1461.5% |
August | $821,503.67 | $851,523.67 | $998,894.67 | 1506.7% |
September | $843,551.75 | $874,421.25 | $1,026,947.25 | 1551.8% |
October | $865,599.83 | $897,318.83 | $1,054,999.83 | 1596.9% |
November | $887,647.92 | $920,216.42 | $1,083,052.42 | 1642% |
December | $909,696 | $943,114 | $1,111,105 | 1687.1% |
All Time | $788,431.54 | $817,177.29 | $956,815.79 | 1439% |
January | $946,061.92 | $979,838.83 | $1,150,786.08 | 1751% |
February | $982,427.83 | $1,016,563.67 | $1,190,467.17 | 1814.8% |
March | $1,018,793.75 | $1,053,288.50 | $1,230,148.25 | 1878.6% |
April | $1,055,159.67 | $1,090,013.33 | $1,269,829.33 | 1942.4% |
May | $1,091,525.58 | $1,126,738.17 | $1,309,510.42 | 2006.3% |
June | $1,127,891.50 | $1,163,463 | $1,349,191.50 | 2070.1% |
July | $1,164,257.42 | $1,200,187.83 | $1,388,872.58 | 2133.9% |
August | $1,200,623.33 | $1,236,912.67 | $1,428,553.67 | 2197.7% |
September | $1,236,989.25 | $1,273,637.50 | $1,468,234.75 | 2261.6% |
October | $1,273,355.17 | $1,310,362.33 | $1,507,915.83 | 2325.4% |
November | $1,309,721.08 | $1,347,087.17 | $1,547,596.92 | 2389.2% |
December | $1,346,087 | $1,383,812 | $1,587,278 | 2453% |
All Time | $1,146,074.46 | $1,181,825.42 | $1,369,032.04 | 2102% |
January | $1,387,378.67 | $1,426,572.58 | $1,647,465.92 | 2549.9% |
February | $1,428,670.33 | $1,469,333.17 | $1,707,653.83 | 2646.7% |
March | $1,469,962 | $1,512,093.75 | $1,767,841.75 | 2743.5% |
April | $1,511,253.67 | $1,554,854.33 | $1,828,029.67 | 2840.3% |
May | $1,552,545.33 | $1,597,614.92 | $1,888,217.58 | 2937.1% |
June | $1,593,837 | $1,640,375.50 | $1,948,405.50 | 3033.9% |
July | $1,635,128.67 | $1,683,136.08 | $2,008,593.42 | 3130.7% |
August | $1,676,420.33 | $1,725,896.67 | $2,068,781.33 | 3227.5% |
September | $1,717,712 | $1,768,657.25 | $2,128,969.25 | 3324.3% |
October | $1,759,003.67 | $1,811,417.83 | $2,189,157.17 | 3421.1% |
November | $1,800,295.33 | $1,854,178.42 | $2,249,345.08 | 3517.9% |
December | $1,841,587 | $1,896,939 | $2,309,533 | 3614.7% |
All Time | $1,614,482.83 | $1,661,755.79 | $1,978,499.46 | 3082.3% |
January | $1,912,592.58 | $1,975,978.17 | $2,362,093.25 | 3699.3% |
February | $1,983,598.17 | $2,055,017.33 | $2,414,653.50 | 3783.8% |
March | $2,054,603.75 | $2,134,056.50 | $2,467,213.75 | 3868.4% |
April | $2,125,609.33 | $2,213,095.67 | $2,519,774 | 3952.9% |
May | $2,196,614.92 | $2,292,134.83 | $2,572,334.25 | 4037.4% |
June | $2,267,620.50 | $2,371,174 | $2,624,894.50 | 4122% |
July | $2,338,626.08 | $2,450,213.17 | $2,677,454.75 | 4206.5% |
August | $2,409,631.67 | $2,529,252.33 | $2,730,015 | 4291.1% |
September | $2,480,637.25 | $2,608,291.50 | $2,782,575.25 | 4375.6% |
October | $2,551,642.83 | $2,687,330.67 | $2,835,135.50 | 4460.1% |
November | $2,622,648.42 | $2,766,369.83 | $2,887,695.75 | 4544.7% |
December | $2,693,654 | $2,845,409 | $2,940,256 | 4629.2% |
All Time | $2,303,123.29 | $2,410,693.58 | $2,651,174.63 | 4164.3% |
January | $2,753,723.75 | $2,916,544.25 | $3,019,295.17 | 4756.4% |
February | $2,813,793.50 | $2,987,679.50 | $3,098,334.33 | 4883.5% |
March | $2,873,863.25 | $3,058,814.75 | $3,177,373.50 | 5010.6% |
April | $2,933,933 | $3,129,950 | $3,256,412.67 | 5137.7% |
May | $2,994,002.75 | $3,201,085.25 | $3,335,451.83 | 5264.9% |
June | $3,054,072.50 | $3,272,220.50 | $3,414,491 | 5392% |
July | $3,114,142.25 | $3,343,355.75 | $3,493,530.17 | 5519.1% |
August | $3,174,212 | $3,414,491 | $3,572,569.33 | 5646.3% |
September | $3,234,281.75 | $3,485,626.25 | $3,651,608.50 | 5773.4% |
October | $3,294,351.50 | $3,556,761.50 | $3,730,647.67 | 5900.5% |
November | $3,354,421.25 | $3,627,896.75 | $3,809,686.83 | 6027.7% |
December | $3,414,491 | $3,699,032 | $3,888,726 | 6154.8% |
All Time | $3,084,107.38 | $3,307,788.13 | $3,454,010.58 | 5455.6% |
The bullish explosive trend noted up to 2029 will continue for BTC based on CoinGape predictions and potentially push the average price of BTC in 2050 between $2.9 million and $3.3 million. Investors should note that these long-term predictions can change and, hence, should be taken with a grain of salt.
How Will Bitcoin Price React to $3 Billion Buying Spree?
Michael Saylor, the CEO and founder of MicroStrategy, has increased the size of its convertible note from $1.75 billion to $2.6 billion. This suggests that the company will continue its BTC buying spree.
According to the announcement, the offering will close today, November 21, and is aimed at high-net-worth investors with a maturity of 2029. The blog also added,
“The notes will be sold in a private offering only to persons reasonably believed to be qualified institutional buyers.”
Investors need to note that the latest offerings has not finished yet, as MicroStrategy announces the new offering.
On a side note, here’s Michael Saylor’s tweet from two days ago.
MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC acquired for ~$16.5 billion at ~$49,874 per bitcoin. $MSTR https://t.co/SRRtRrB2jO
— Michael Saylor⚡️ (@saylor) November 18, 2024
Although this is fundamentally bullish for Bitcoin, the implication of this might not be felt in the short term. The lack of influence on BTC’s value can be attributed to over-the-counter (OTC) deals. Institutions or high-net-worth individuals use methods to conceal their buys in the short term and do not affect the market price of the underlying asset.
Regardless, the outlook is bullish, and the momentum is strong, so it wouldn’t be surprising if Bitcoin hits $100,000 before November ends.
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