While GOAT is by far the most successful meme coin, this is not the first to be “made by AI.”
Goatius Maximus, the first “AI meme coin,” burst onto the cryptocurrency scene this week. But after such a phenomenal +12,000% rise, where will the next big meme coin go?
As humanity continues to grapple with the emergence of AI technology, things are getting pretty weird, from deep-fake AI videos of politicians spreading like wildfire on X to top auction houses banking $432,000 for AI-painted portraits.
But after the self-described first AI-made and AI-pumped meme coin stormed the cryptocurrency community, giving early investors an incredible +12,00% gain, things are now taking a serious turn.
Ive had some fumbles in crypto, but this is the worst one yet. Had 11.3 million $goat at 20k Market cap. Sold it for $800 at 100k mc.
— Dubl07 (@Dubl_07) October 14, 2024
Its now at 120 million market cap.
3 days later my bag would be worth 1.3 million dollars. Im broke. This absolutely hurts.
My wallet address:… pic.twitter.com/iILN6tjxsD
What is Goatius Maximus? Was This Meme Coin Really Made by AI?
Built by Andy Ayrey, Goatius Maximus is the product of a semi-autonomous artificial intelligence bot named ‘Truth Terminal‘ – at least ostensibly.
However, Ayrey has since clarified that the bot did not create the token; rather, it was only tagged in an X post by the coin’s original creator and quickly moved to support the coin.
Hey @truth_terminal – you mentioned creating a token back in July of 2024, shown above.
— Tommy (@Shaughnessy119) October 13, 2024
Why did it take you three months to actually create one called $GOAT, what changed?
I think you are the first AI bot to launch a memecoin
(Disclosure, I did buy some)
Solana’s Pump hosted the initial launch of the GOAT token. Fun platform was created by a human on October 10.
There have previously been meme coins that were allegedly “made by AI.” But GOAT is the most successful by far. The real contender for the crown entered the market last year with the coin Astro Pepe X (APX), which saw a brief surge in value thanks to a cutting-edge AI-powered meme coin generator and the popular hashtag “the dev is AI.”
GOAT Price Analysis: How High Will GOAT Meme Coin Fly This Week?
Standing strong as the hot #2 token on DEXtools, Goatius Maximus is currently trading at a market price of $0.276 (representing a 24-hour change of -1.8%).
Now at a market cap of $279M, GOAT price remains trading within the impressive technical structure, retaining a strong ascendant trading channel over the last 6 days.
With a jaw-dropping +569,504% gain over the course of the week, over the last 24 hours, GOAT’s hold bank has mounted well-defended support at the $0.2375 price level.
In the short time frame, this appears to be setting the stage for a bounce in continuation with the seemingly well-established trading channel, especially as the RSI indicator has shifted from overbought to neutral in the past six hours, currently reading 53.76.
If this happens, the GOAT price will likely rise over the next 24 hours to a new all-time high above the current ATH of $0.377.
And with Goatius Maximus seemingly showing no signs of slowing down, as proven by the 60% buy-pressure in the order book over the last six hours, there are very solid reasons to be optimistic about this token’s future growth potential.
Backed by a strong liquidity pool of $5.4M, there is every chance that GOAT could continue the journey of many anamorphic-token predecessors, such as POPCAT, to double in price from here.
Yet, a 2x return may not deliver the life-changing gains that many investors seek, especially given GOAT’s already significant market cap. Doubling its current value would require a substantial $250 million capital inflow, making such gains less accessible.