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GOAT token soars as Binance lists perpetual contract

  • Binance launches GOAT perpetual contract with 75x leverage.
  • GOAT meme token jumped 18% to $0.88 amid several other exchange listings.
  • Goatseus Maximus (GOAT) is an AI meme coin on Solana.

Binance, the world’s largest crypto exchange by trading volume, has announced the launch of futures contract for meme coin GOAT.

In an announcement on Oct. 24, Binance said it will list the GOATUSDT perpetual contract on October 24, 2024 at 13:30 UTC. The contract will allow a trading leverage of up to 75x.

Binance Futures’ listing is for the meme coin Goatseus Maximus (GOAT), which has seen its price spike 18% in the past 24 hours amid the listing and overall meme coin sentiment. GOATUSDT will settle in the stablecoin USDT and feature a tick size of 0.0001.

Trading is also available in multi-assets mode, which means users can trade the GOATUSDT perpetual contract with multiple margin assets. This includes the use of an asset such as BTC or ETH as margin. According to Binance, settlement for funding fees will be at four-hour intervals.

Goatseus Maximus has climbed higher among Solana based meme coins, with its gains in the past 24 hours surpassing the likes of Popcat and Bonk.

Apart from Binance, other top exchanges to announce support for futures contracts for GOAT include OKX and Bybit. Crypto exchanges BitMEX, Bitget and WOO X have already added spot trading for GOAT/USDT.

The post GOAT token soars as Binance lists perpetual contract appeared first on CoinJournal.

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Popcat climbs to all-time high as meme coins surge

  • Popcat rose more than 10% to hit a new all-time high of $1.67.
  • The cat-themed meme coin’s surge coincides with an uptick for most meme coins.

Popcat (POPCAT) is among the top gaining coins in the top 100 by market cap. This comes as Popcat price recorded a 24-hour spike of over 10.5% to hit a new all-time high of $1.67.

The cat-themed Solana meme coin has jumped more than 24% in the past week and 69% over the last 30 days. Its price hovered just above $0.88 on Sept. 24, having gained momentum following listing on Kraken.

Bulls have continued higher, breaking from lows of $1.33 during the Asian hours to hit the new ATH. The upside happened within a rising channel pattern. The retest of the upper trendline and breakout saw it rise to a new all-time high.

Overall, Popcat’s gains have coincided with a broader upside for the meme coin market.

POPCAT/USDT chart. Source: TradingView

POPCAT leads meme coin rally

While Dogecoin, Shiba Inu and dogwifhat are among tokens to rise as the crypto market targets fresh momentum, POPCAT has stood out as one of the outperformers.

In the past 24 hours, the token’s market cap surpassed that of Bonk and Floki, before the former reclaimed the upper hand amid profit taking for POPCAT.

Per CoinGecko data, the meme coins currently stand at $1.55 billion and $1.50 billion respectively for Bonk and Popcat. Floki, which has struggled in the past month, gaining by only 6% at the time of writing, has a market cap of $1.39 billion.

In the 4-hour chart above, the POPCAT/USDT pair is likely to revisit the channel’s upper trendline for support. Success could allow bulls to push higher amid price discovery – particularly if market conditions provide the tailwinds bulls target.

However, a breakdown beyond $1.51 could push POPCAT to primary support at $1.36.

The post Popcat climbs to all-time high as meme coins surge appeared first on CoinJournal.

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Number of Bitcoin whales surge higher, investors target Vantard

TL;DR

  • The number of Bitcoin whales owning at least 1,000 BTC jumped to 1,678 early this week, reaching the highest since January 2021.
  • Investors instantly scooped up Vantard’s pre-seed offering and are now eagerly awaiting the seed round.

Number of Bitcoin whales surge to the highest level since January 2021

Bitcoin has been performing well since the start of the year, and investors continue to accumulate the cryptocurrency. Data tracked by Glassnode and André Dragosch, director and head of research for Europe at Bitwise, revealed that the number of whales owning at least 1,000 BTC jumped to 1,678 early this week, reaching the highest since January 2021.

The increasing number of Bitcoin whales suggests a growing confidence in Bitcoin’s price prospects. Bitcoin’s price has increased by over 50% year-to-date, outperforming other major assets. 

What is Vantard (VTARD)?

While major cryptocurrencies like Bitcoin, Ethereum, and Solana dominate the headlines, new projects are emerging to change investors’ views of the cryptocurrency market.

This week, the project that grabbed most of the attention is Vantard, the first meme coin index in the world. Vantard’s (VTARD) launch comes at a unique period as meme coins continue to grab more market share in the crypto ecosystem.

According to their whitepaper, VTARD holders can redeem tokens against the Treasury for their proportional percentage of the underlying assets. The team explained that Vantard will hold a portfolio of top Solana-based meme coins. 

By launching a meme coin index, Vantard is offering investors the opportunity to broaden their portfolio. Meme coins have become particularly interesting in the crypto space as they trade on attention and launch with fully circulating supplies, allowing fair and open market price discovery. 

Vantard wants to make it easier for investors to take advantage of the ‘Memecoin Supercycle’ by delivering exciting new projects to their portfolios. The YTD (year-to-date) performance of meme coins has outshone every other crypto sector and could surge higher in the coming months. Simply put, Vantard is the layman’s tool for making money in the meme coin supercycle. 

Read more about the Vantard project here. 

Why should investors look into Vantard?

Vantard should be among the first projects investors consider when investing in cryptocurrencies. Year-to-date, meme coins have outperformed other aspects of the crypto space, including RWAs, Layer-2s, and EVMs. 

Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years. However, with thousands of meme coins now available, the challenge for investors is finding the ideal ones to invest in.

This is where Vantard comes in. With Vantard, investors don’t have to worry about finding the best meme coins to invest in. Vantard does this on their behalf, choosing the best Solana-based meme coins to add to their portfolios. Vantard exposes investors to the upside in a light-touch investment vehicle. Vantard lets users ‘Ride the Memecoin Supercycle.’

Meme coins like WIF and Popcat have outperformed other major cryptocurrencies and assets since the start of the year. Vantard is expected to outperform other major indices in the broader financial markets in the coming months and years, thanks to its high meme coin exposure. 

Vantard prepares for the seed round

Investors are already taking notice of Vantard as its pre-seed round sold out within hours of its launch. The team is now preparing for the seed round, which will commence in less than two hours.  

The huge interest in Vantard is due to its prospect. As the first meme coin index, Vantard will allow investors to gain exposure to the leading meme coins in the crypto space without the risk of being scammed or rug-pulled.

The team is yet to release the selling price of $VTARD in the seed stage but will do so in a few hours once it goes live.  

Should you invest in the Vantard project?

The $VTARD token could be one of the top tokens in the crypto space thanks to its unique value proposition. The Vantard token trades as a reflection of the NAV (Net Asset Value) of the Treasury and can be redeemed for the assets held in it.

Investors are already leveraging this project. As the first meme coin index, Vantard could gain massive adoption, and the price of $VTARD could soar.

The post Number of Bitcoin whales surge higher, investors target Vantard appeared first on CoinJournal.