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GOAT Price At Risk? Truth Terminal Treasury’s Last Migration Sparks Concerns

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In a riveting turn of events, investors are apprehensively eyeing Goatseus Maximus (GOAT) price as the token’s backer, Truth Terminal, announced its last treasury migration. The AI-based entity’s co-founder, Andy Ayrey, on Wednesday announced that the treasury’s last migration is now underway. In turn, market watchers remain apprehensive over the meme-inspired coin integrating AI technology despite its upside intraday movement.

Truth Terminal Announces Last Treasury Migration Raising Concerns Over GOAT

In an X post by Andy Ayrey dated November 27, the Truth Terminal co-founder notified that the firm’s last treasury migration is underway. Although the co-founder assured users of safety amid the funds transfer, market watchers remain apprehensive.

Notably, Andy added that all of the funds are being moved into a proper, globally distributed multisig address. The new TT address is ‘3xzTSh7KSFsnhzVvuGWXMmA3xaA89gCCM1MSS1Ga6ka6.’

Meanwhile, the co-founder previously announced that the ecosystem was performing a few security upgrades on the treasury. In line with this move, the last transfer commenced today. Also, Andy notified that “all balances will remain public and no trades, buys, and sells until we have a clear public statement on wallet governance!” Nevertheless, usual market sentiments express concerns for the meme coin in light of such a shift in treasury funds. However, it’s also noteworthy that the coin is known for offering investors gains.

How’s The Crypto Performing?

Despite market concerns, GOAT price traded in the green intraday, up nearly 13% to $0.8383. Its intraday low and high were $0.7362 and $0.8799, respectively. Notably, the token’s intraday trading volume soared 27% to $407.51 million. GOAT’s rising movement has in turn defied the broader market trend.

Simultaneously, Coinglass data indicated that Goatseus Maximus futures OI witnessed a 10% uptick to $252 million. Also, the derivatives volume soared 11% to $388 million. Overall, this data underscored significant market interest in the token despite Truth Terminal’s treasury funds migration. However, market watchers continue to eye the coin for further price action maneuvers ahead amid recent ecosystem developments.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Fantom Price Rallies 63% Shooting Past $1, Where’s FTM Going Next?

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2 hours ago

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November 27, 2024

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Fantom price has been on a roll with 60% gains on the weekly chart. Smart contract platform Fantom’s native cryptocurrency FTM gained another 10.69% in the last 24 hours, shooting past an important milestone of $1. Also, the daily trading volume has shot up by 68% to $1.4 billion showing strong bullish sentiment.

Fantom Price Rallies 63% Amid Surge in Active Addresses

Just within the last six days, Fantom price has witnessed a remarkable 63% surge along with a notable increase in daily active addresses on the network. This surge is being driven by growing FOMO (fear of missing out) as new traders join the platform.

According to blockchain analytics firm Santiment, these sharp spikes in utility and address activity are often indicative of market tops, as seen in previous trends. As daily active addresses eventually taper off, analysts suggest this could present a strong entry point for potential investors.

Courtesy: Santiment

Santiment has advised traders to keep a watch on Fantom’s address activity for any signs of a trend reversal. It also advised the traders to asses the broader market sentiment before making fresh moves.

While the Bitcoin price correction has intensified in the last four days, altcoins have also followed suit. However, Fantom price surge over the past week has been defying the market trend.

Will FTM Rally to $15?

Fantom’s upcoming “Sonic” upgrade could significantly influence the FTM token’s future. Investors are keenly observing whether the technological advancements will enhance FTM’s appeal or struggle to maintain its recent momentum as 2024 comes to an end.

The main goal of the “Sonic” upgrade is that developers plan to boost Fantom’s position in the DeFi industry. At one point, during the 2021 bull run, the Fanton DeFi TVL surged all the way to $15. However, it has now dropped to the low of $320 million. The upgrade will help revive Fantom’s position in the DeFi market.

Market analysts continue to stay bullish about Fantom price for the expected 2025 bull run. Crypto market analyst Captain Faibik said that FTM has given a major breakout on the multi-year chart and could rally all the way to $15 i.e. 15x gains from here. As of press time, FTM price is trading at $1.05 with its market cap just short of $3 billion.

In the short term, the next major resistance for Fantom (FTM) is at $1.20 breaking which, it can climb to subsequent targets of $1.62, $2.20, and $2.77.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Expands Support for SHIB, APE, HBAR, and More – Will This Spark a Rally?

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4 hours ago

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November 27, 2024

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Binance has expanded its trading offerings by adding new pairs and trading bots services for trending crypto. Binance Spot will launch pairs for crypto including Apecoin (APE), Hedera (HBAR), Book of Meme (BOME), and other key tokens. Also, Shiba Inu (SHIB) is part of the expansion to enhance liquidity and support for SHIB’s growing demand.

Binance Boosts SHIB, APE, HBAR, MEME and More Tokens

In an official Binance release dated November 27, Binance revealed that it is expanding the list of trading choices offered to users on the platform. The exchange will launch the trading pairs APE/USDC, BOME/EUR, EIGEN/USDC, HBAR/FDUSD, MEME/USDC, TROY/USDC, and WLD/EUR from Friday.

In addition to the new trading pairs, Binance will enable Trading Bots services for select pairs starting November 28. This includes Spot Algo Orders for APE/USDC, EIGEN/USDC, and HBAR/FDUSD, alongside Spot Grid and Spot DCA for SHIB/USDC and ZK/FDUSD. One of the leading cryptocurrency exchanges will also list additional pairs like 1MBABYDOGE/USDC, CETUS/USDC, COW/USDC, DYDX/USDC, HMSTR/USDC, and TURBO/USDC by November 29.

To further incentivize trading, Binance has announced a promotion for USDC trading pairs. Users can trade the newly listed USDC pairs and share a pool of 100,000 USDC, with zero fees on USDC spot trading during the promotion. This has drawn attention from both retail and institutional traders looking to capitalize on the zero-fee opportunity while exploring the new tokens available on Binance.

How Are The Coins Performing?

SHIB Inu (SHIB) price rose 4% in the last 24 hours, trading at $0.00002485. Analysts suggest Shiba Inu could go parabolic as two rare patterns emerge.

Whereas, HBAR price surged 8%, reaching $0.1397, with a 24-hour low of $0.12 and a high of $0.14. ApeCoin (APE) saw a 3% rise, trading at $1.26.

Meme coins like BOME and MEME gained 4% and 2%, trading at $0.008 and $0.013, respectively. EIGEN impressed with a 14% jump, trading at $3.48 after hitting a low of $3.00 and a high of $3.60. Coins like TROY, CETUS, COW, DYDX, HMSTR, and TURBO climbed 4–8%, reflecting broader market momentum.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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CHILLGUY Price Soars 40% on Major Listings and MrBeast’s Support

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5 hours ago

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November 27, 2024

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Solana meme coin Just a chill guy (CHILLGUY) price soared over 40% on Wednesday, defying the broader trend with backing from prominencies. Notably, as top crypto exchanges listed the meme coin and MrBeast lauded the meme behind it, a bullish wave swallowed the token. Simultaneously, with additional bullish on-chain metrics weighing in, the crypto has garnered significant interest among traders and investors in the market, as indicated by a roughly 25% surge in intraday trading volume.

CHILLGUY Gains Traction Amid Backing From Major Exchanges & MrBeast

The meme coin ‘Just a chill guy’ rides an optimistic wave against the backdrop of top crypto exchanges, such as Bybit and KuCoin, listing the token. In an official X post dated November 27, KuCoin revealed that it is listing the coin, with deposits now open. Simultaneously, trading for the token is to commence on the same day, with the trading pair CHILLGUY/USDT being added to the platform.

In addition, the crypto exchange Bybit revealed listing the same trading pair mentioned above, with withdrawals starting at 10 AM UTC today. The update also revealed that Spot Grid Bots services will be supported for the token on the platform.

Overall, these listings have ignited an optimistic torrent for the Solana meme coin, paving the path for further investor interaction with the asset. Further, it’s also noteworthy that the coin could see further listings as it continues to gain market popularity.

Notably, the renowned American personality MrBeast took to X on November 26, reiterating that Just a chill guy is the “Biggest meme of our lifetimes.” This statement has added fuel to the optimistic fire for the crypto amid its phenomenal price gains.

MrBeast lauds Just a chill guyMrBeast lauds Just a chill guy

However, it’s also noteworthy that the American millionaire was recently accused of partaking in crypto pump-and-dump schemes. Nevertheless, CoinGape Media reported MrBeast to have denied the crypto scam allegations, sparking discussions globally while also adding intrigue to the meme token.

Altogether, the abovementioned events have pushed the Solana meme coin to emerge as the talk of the crypto town, with remarkable gains witnessed in CHILLGUY price whilst the coin continues to eye further bullish movements.

Solana Meme Coin’s Price Rockets

At the time of reporting, CHILLGUY price witnessed gains worth 40% intraday and is trading at $$0.622. Its 24-hour low and high were $0.4156 and $0.648, respectively. The coin’s trading volume witnessed a 23% surge from yesterday to $244.96 million. Moreover, the weekly chart for the crypto indicated gains worth 51%. This bullish trajectory has sparked substantial investor enthusiasm about the asset amid major backing.

Further, Lookonchain data on November 27 indicated that a trader ‘sbfonchain.sol’ sold massive amounts of WIF to buy $1 million of Just a chill guy coin. This data showed a heightened market interest in the asset while also bringing further buying pressure to the crypto.

Simultaneously, another trader, 9cSDZ, spent only $160 to buy 12.5 million CHILLGUY 12 days ago. To date, holding 9.62 million of the same token for a profit of $6.14 million, this trader has garnered further attention to the meme-themed coin. Overall, the abovementioned stats have solidified market optimism on the crypto’s long-term prospects.

However, it’s also worth noting that the crypto also faces risks due to legal action from Phillip Banks, the creator behind the original meme Just a chill guy. Notably, the meme creator expresses his unhappiness with his art usage in the crypto project, primarily for profit-making purposes.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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