Goats coin is gearing up for two major events, with an airdrop and centralised exchange (CEX) listing a few days away. The meme coin’s holders are counting on these events to pump up Goat coin price, but the current sentiment in the crypto market means the stakes are quite high. The crypto coin has been trending in recent days, with its community hoping that it can replicate the success of a similar animal-themed meme coin, $DOGS.
Like $DOGS, Goats coin is propelled by strong community support from Telegram. Goats coin will be launched on Raydion Protocol and Jupiter exchange, taking the meme coin to a wider audience outside decentralised exchanges. The CEX listing will take place on September 15, and the airdrop is expected to create a buzz around the token.
The project will reward 25 early adopters with up to 500 SOL for their 5 SOL invested in early purchase of $GOATS coin. The incentive is designed to drive up the sales volume of $GOATS coin on launch day, while also showing appreciation for community support for the project. Increased sales will likely translate to higher prices for the token.
However, meme coins are extremely volatile, and there’s a risk of a sharp drop in the price after launch. Also, the crypto market is currently subdued, and there’s an element of fear among investors that could limit gains. According to the CoinMarketCap Fear and Greed Index, the crypto market sentiment is currently signaling fear, with the Index reading at 32.
It is difficult to tell the exact price at which Goats coin will be listed when it launches on September 15. However, I expect it to list in the range of $0.00010-$0.00015, in tow with the typical pricing seen in meme coins. That would give it a fully-diluted market capitalisation of $7.5 million at launch, based on its total token supply volume of 500 billion.
This post was last modified on Sep 11, 2024, 13:53 BST 13:53