Goatseus Maximus approaches $1b market cap as GOAT pumps 20%

Published

4 days ago

November 11, 2024

Goatseus Maximus is approaching a major milestone as its market capitalization nears $1 billion.

This is driven by an almost 19% price increase over the past 24 hours. The AI-powered meme coin has seen its token value surge to $0.8726 at press time.

GOAT hits new all-time high

Goatseus Maximus (GOAT) has demonstrated strong momentum across multiple timeframes, with its 24-hour trading range spanning from $0.7313 to $0.9406.

The seven-day range shows movement from $0.4594 to $0.9228. The token reached its all-time high of $0.9406 on Sunday.

Goatseus Maximus approaches $1b market cap as GOAT pumps 20% - 1 — GOAT 24H price chart from CoinGecko

This shows a 1904.5% return from its October 13 low of $0.04354. The token reached a peak market capitalization of $937 million as its price touched $0.9376 today.

Currently, the market cap stands at $873.7 million. It has also made GOAT one of the fastest-growing tokens in recent weeks.

How did Goatseus Maximus originate?

Goatseus Maximus started from a collaboration between developer Andy Ayrey and Truth Terminal.

The project’s AI bot has been trending on X, where it has successfully built a strong community presence and engagement.

The token’s recent surge coincides with broader crypto market strength. This comes as Bitcoin (BTC) reached a new all-time high of $81,000.

BTC’s market capitalization has grown to $1.6 trillion, while the global crypto market cap increased by 4.47% to reach $2.72 trillion.

Bitcoin’s impressive performance includes a 6% daily gain and an 18.3% weekly increase.

GOAT has shown a weekly gain of 87.5%, amid increased trading volume and sustained market interest.

While the exact catalyst for GOAT’s price surge remains unclear, the token’s performance aligns with the overall market’s bullish sentiment, particularly following Bitcoin’s recent price action.

Source link

Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals

Published

2 hours ago

November 14, 2024

admin

“This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets” Lucas Schweiger, Sygnum Digital Asset Research Manager and report author, said in the press release shared with CoinDesk.

Source link

Bitcoin

BUIDL Fund Goes Multi-Chain Across These 5 Blockchainsc

Published

6 hours ago

November 14, 2024

admin

Este artículo también está disponible en español.

Crypto ETF issuer and asset manager BlackRock announced on Wednesday the expansion of its USD Institutional Digital Liquidity Fund (BUIDL) to include five new blockchain ecosystems: Aptos, Arbitrum, Avalanche, Optimism, and Polygon.

Initially launched on the Ethereum network in March 2024, BUIDL rapidly gained traction among investors, becoming the largest tokenized fund globally regarding assets under management (AUM) within just 40 days.

BNY Mellon To Custody BUIDL

The expansion will allow BUIDL to interact with more blockchain-based financial products and infrastructures. BlackRock aims to enhance accessibility for investors, decentralized autonomous organizations (DAOs), and digital asset firms, enabling them to leverage BUIDL within the ecosystems of their choice.

Carlos Domingo, CEO and co-founder of Securitize, the firm responsible for tokenizing BUIDL, emphasized the importance of this multi-chain approach in Wednesday’s press release by saying:

Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do.

With the addition of these blockchains, BlackRock aims to provide increased options and access for investors, allowing developers to build applications that integrate seamlessly with the BUIDL fund.

BNY Mellon, which recently received a Bitcoin and crypto custody license for institutional services, will play a key role in this initiative as the fund administrator and custodian for BUIDL.

BlackRock Bitcoin ETF Achieves Unprecedented Growth

On the crypto ETF front, BlackRock’s Bitcoin ETF, IBIT, has reached a remarkable milestone, surpassing the $40 billion mark in assets under management (AUM) just two weeks after hitting $30 billion.

This achievement comes in a record 211 days, shattering the previous record of 1,253 days held by the iShares Core MSCI Emerging Markets ETF (IEMG).

IBIT is now positioned in the top 1% of all ETFs by assets and at just 10 months old, it has outperformed all 2,800 ETFs launched in the past decade, according to ETF expert Eric Balchunas.

Balchunas further highlighted that Bitcoin ETFs collectively have crossed the $90 billion asset threshold, following a significant $6 billion surge in the past few days.

This increase comprises $1 billion in new inflows and $5 billion in market appreciation. The growing popularity of Bitcoin ETFs indicates that they are now 72% of the way toward surpassing gold ETFs in total assets.

The rise in Bitcoin ETF assets has coincided with a surge in investor confidence, particularly following Donald Trump’s recent victory over Kamala Harris in the presidential elections.

This political shift has positively influenced market sentiment, contributing to a broader uptick in cryptocurrency prices. Bitcoin, in particular, has experienced a substantial rally, climbing over 24% to reach a record high of $93,000 in the past week alone.

BlackRock — The 1D chart shows BTC’s surge to new all-time highs. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Source link

all time high

Bitcoin May Hit $100,000 Faster Than Expected

Published

10 hours ago

November 14, 2024

admin

It’s been just over seven days since Trump was re-elected as president of the United States, and bitcoin is up over $18,800 (25.3%) at the time of writing. And it’s currently steamrolling its way towards $100,000.

I cannot lie, this is all happening way faster than even I expected.

$100,000 has, for the last four years, been the magic number Bitcoiners have been laser-focused hitting. It felt like there was consensus among Bitcoiners during the 2021 bull run that we were guaranteed to hit this target. But alas, the 2021 bull run underperformed most people’s expectations, with bitcoin’s price only reaching a high of $69,000 (which in retrospect, was a great run considering the low of the previous bear market was ~$3,000), $100,000 bitcoin was put on hold. But now, we’re almost there.

I feel like the price of BTC loves to do the opposite of what everything thinks it will do. Just when everyone thinks bitcoin is going to rip forever, bitcoin’s price falls or stagnates and vice versa (which is why it might not be so safe to assume we’re going straight to $100,000 from here).

Even I’m guilty of this, as I’ve been telling myself for a long time that the battle for $100k is going to be extremely tough with the amount of sell pressure I was predicting there to be. I think $100k is a number at which traders, ETF buyers, and OG whales may take some profit and that it would be an uphill battle to get there. And it still very may well be, considering we are only at $93,000 currently. But since Trump won the election, there has been practically no sell pressure, and we’re slicing through new all time highs like a warm knife through butter.

Bitcoin is now up over $5,500 (6.22%) today alone. If Bitcoin continues this momentum, we could see $100,000 BTC literally any day now — including even today. Nothing is off the table. Throw all your models out the window, they’re all being broken by the buying pressure from these ETFs and those trying to front-run the U.S. government’s implementing a Strategic Bitcoin Reserve.

Bitcoin is on its path to taking on gold as a legit reserve asset. $100k is the next big milestone for bitcoin to hit along this journey, and it may just come faster than expected.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Source link