GOAT, once dominating the meme coin market, has faced significant challenges with the emergence of Peanut the Squirrel (PNUT). 

The sudden rise of PNUT has disrupted GOAT’s market position, causing the meme coin to lose its demand. Despite the downturn, GOAT investors remain optimistic about its potential recovery.

A Squirrel Defeats GOAT

The social dominance of GOAT has shifted significantly since October, largely due to PNUT’s arrival. For most of October, GOAT commanded market attention, benefiting from strong investor interest and widespread hype. However, PNUT’s late-month debut captured the spotlight, pushing GOAT out of the top trending tokens.

Currently, PNUT stands as the more popular asset among investors, evidenced by its rising mentions and active participation in social channels. This surge in attention has directly impacted GOAT, whose declining engagement metrics suggest a loss in momentum. The competition between these meme coins is reshaping the market conditions.

Despite the decline, GOAT’s funding rate remains in positive territory, signaling ongoing confidence among traders. Many are placing long contracts, betting on a potential price recovery. This optimism reflects a belief that GOAT still has room to regain its dominance in the meme coin sector.

However, the price drop has introduced uncertainty among investors, with concerns about GOAT’s ability to sustain its market position. The funding rate’s positive stance is encouraging but will require strong market cues to translate into meaningful price gains. Traders are closely watching for signs of a potential reversal.

GOAT Price Prediction: Drawdown Ahead

GOAT’s price has fallen by 25% in the last 24 hours, dropping from an all-time high of $1.36 to $1.01. With the asset nearing the critical $1.00 mark, further declines are likely if bearish momentum continues.

The critical support level sits at $0.72, and a drop to this point would signal more significant losses for investors. Losing this support could exacerbate the bearish outlook, creating challenges for a swift recovery.

Alternatively, if GOAT rebounds from $0.72, the meme coin could make a bid to breach previous highs and form a new ATH. This would invalidate the bearish thesis and re-establish GOAT as a top contender in the meme coin space.

Ethereum price started a consolidation phase near the $3,000 zone. ETH is slowly moving higher and might aim for a fresh surge above $3,220.

• Ethereum is consolidating and facing hurdles near $3,220.
• The price is trading above $3,150 and the 100-hourly Simple Moving Average.
• There was a break above a key bearish trend line with resistance at $3,130 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it clears the $3,220 resistance zone.

Ethereum Price Faces Hurdles

Ethereum price remained supported above the $3,000 level like Bitcoin. ETH formed a base and recently moved above the $3,120 and $3,150 resistance levels.

There was a break above a key bearish trend line with resistance at $3,130 on the hourly chart of ETH/USD. The pair even cleared the $3,200 level and tested $3,220. A high was formed at $3,224 before there was a pullback. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,051 swing low to the $3,224 high.

Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,200 level.

The first major resistance is near the $3,220 level. The main resistance is now forming near $3,250. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone.

Another Drop In ETH?

If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,140 level or the 50% Fib retracement level of the upward move from the $3,051 swing low to the $3,224 high. The first major support sits near the $3,050 zone.

A clear move below the $3,050 support might push the price toward $3,000. Any more losses might send the price toward the $2,940 support level in the near term. The next key support sits at $2,880.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,140

Major Resistance Level – $3,220

Big Time Studios, a player in Web3 gaming and the creator of Big Time, has unveiled its newest product: the OL token.

With the Open Loot platform already handling nearly $500 million in transactions, the introduction of OL sets the stage for a new era of engagement, rewarding the very players and developers who fuel its success.

A Token for Engagement, Not Speculation

Unlike traditional token launches, which take a fundraising-heavy approach, Big Time Studios is flipping the narrative. The OL is designed to prioritize the community above all. By rewarding activity and participation, OL becomes a tool for empowerment rather than speculation. This shift reflects the company’s commitment to reshaping how tokens integrate into gaming ecosystems.

Players can earn OL through meaningful interactions, such as completing in-game challenges or participating in special platform events. Once earned, these tokens open doors to benefits such as early access, special NFT opportunities, and in-game rewards. The system ensures that loyalty and engagement directly translate into tangible advantages.

“Just saw a little glimpse via private demo of what the guys @playbigtime are building, lets just say things are looking TOP TIER. Blown away by the level of detail top to bottom. Can’t wait for more,” said one X user.

For developers, OL serves as a bridge to deeper player relationships. Studios can use the token to reward milestones, enhance limited-time events, or craft targeted incentives that boost engagement. This dynamic makes $OL a tool for attracting players and keeping them invested in the ecosystem for the long term.

The launch of OL departs from traditional token models. No tokens are pre-sold, allocated to teams, or reserved for early investors. Instead, the entire distribution relies on community involvement, ensuring fairness and accessibility. This structure reinforces the token’s core mission: to give back to the community that feeds it.

Big Time Studios integrates OL into the Open Loot platform, which has already simplified blockchain gaming for a global audience. The platform’s patented Vault technology removes the usual hurdles of Web3 gaming, such as high gas fees or complex wallet connections. Players can buy, sell, and mint NFTs or explore options like NFT rentals and currency marketplaces. These features make blockchain gaming approachable for both seasoned enthusiasts and newcomers.

The Open Loot ecosystem has seen explosive growth in 2024, with millions of NFTs exchanged and crafted by an active player base. The platform supports a roster of standout titles, including World Shards and The Desolation, each offering distinct gameplay experiences.

The launch of OL marks a new chapter for Big Time Studios. Their idea is that by centering the token around active participation and rewarding its community, they contest traditional token models. As OL integrates further into the Open Loot ecosystem, it hopes to reshape the relationship between players, developers, and digital assets.