Goatseus Maximus (GOAT), the AI-based meme coin trending recently, has hit a new all-time high after Binance announced that it would list the cryptocurrency.
The price of Goatseus Maximus (GOAT) has surged in recent days following an announcement by Binance that it will list the meme coin on its futures market.
According to data from CoinGecko, the price of GOAT rose to a new all-time high of $0.88 after Binance disclosed that users will be able to trade the meme coin with up to 75x leverage.
At the time of writing, GOAT is trading at $0.85, having pulled back slightly from the all-time high. However, the meme coin has still seen a surge of over 100% in the last seven days.
The listing on Binance comes amid growing interest in AI-based meme coins, with several new tokens launching in recent weeks. These meme coins typically integrate artificial intelligence (AI) into their protocols in various ways.
For instance, some meme coins use AI to generate and curate memes, while others incorporate AI into their governance or reward mechanisms.
In the case of GOAT, the meme coin aims to combine elements of AI, meme culture, and decentralized finance (DeFi). It features a unique protocol that allows users to participate in meme creation, governance, and liquidity provision.
The meme coin also boasts a decentralized autonomous organization (DAO) that empowers community members to participate in decision-making processes related to the project's development and direction.
As interest in AI-based meme coins continues to rise, it remains to be seen whether any of these tokens will be able to achieve the same level of success as Dogecoin (DOGE) or Shiba Inu (SHIB).
However, with Binance's listing and the growing market cap, GOAT is certainly positioned for further gains in the coming days.
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