Recently, a new memecoin Goaseus Maximus (GOAT) was launched on the Solana network, which literally in a matter of days soared in price by thousands of times, attracting the attention of the crypto community around the world. GOAT immediately became popular among traders and small investors who believe in the potential of memecoins. Thanks to the lightning-fast growth of its rate, many early investors and traders who took the risk of investing in the coin at the start were able to significantly increase their investments, which attracted even more interest to the coin.
Memecoin potential
Renowned Altcoin analyst Sherpa also noted that despite the already impressive growth of GOAT, the coin still has the potential for further growth. According to his estimates, GOAT can grow by another 70% from current levels. The analyst explains that the growing interest in the token and the support of the Solana network can continue to fuel its further upward movement. However, Altcoin Sherpa warns of the high risks inherent in memecoins: they can rise and fall sharply, so traders should exercise caution.