Goatseus Maximus (GOAT) has continued making waves in the crypto scene, with its price surging nearly 550% in October alone.
Despite some recent profit-taking, investor sentiment remains strong, with many predicting GOAT could reach the $1 mark as early as November. Backed by recent listings on major crypto exchanges, the Truth Terminal-supported token shows bullish potential in the weeks ahead.
Rising Open Interest Boosts GOAT Price Sentiment
According to Coinglass, GOAT futures open interest (OI) surged to a new all-time high (ATH) on October 30, reaching 159.55 million GOAT (valued at $97.79 million). This OI increase, nearly 9% in one day, reflects heightened investor interest as leading exchanges like Kraken, KuCoin, and Binance have added futures trading for the token.
This strong futures activity aligns with broader market optimism, strengthening GOAT’s chances of achieving the $1 target.
Major Exchange Support Enhances GOAT’s Market Presence
Backed by significant market players, GOAT has gained traction among crypto investors. Kraken, Binance, and OKX have recently listed GOAT futures, drawing more interest to the token. This influx of exchange support has spurred new trading volume, creating a more favorable environment for price growth.
Can GOAT Maintain Momentum to Hit $1?
Despite a minor dip of 6%, reaching $0.611, market indicators suggest a stable outlook. Recent data from Etherscan reveals that GOAT now has over 3,500 holders and has processed 60,000 transactions. This high transaction volume reflects strong interest from new and existing investors.
As GOAT continues to attract attention with each new listing, crypto enthusiasts and analysts are optimistic about its trajectory. With these supportive metrics, GOAT could potentially reach the $1 target by November, marking a major milestone in its short history.
