Following yesterday's surge, GOAT's market value has surpassed $800 million today, setting a new historical high.

According to Bitget market data, GOAT has risen and surpassed $0.8, currently quoted at $0.79, with a 24-hour increase of 40%, and a market value exceeding $800 million.

Additionally, the official announcement states that GOAT U contracts will be launched today at 5 PM on October 24th, and spot trading should be coming soon.

So, what unique aspects does Goat have as another black horse Meme emerging from the blockchain after Bome? Is the Meme wave coming again? In this article, I will introduce it to you.

What is Goat (GOAT)?

Goatseus Maximus (abbreviated as GOAT) is a meme coin closely related to an AI robot named "Truth Terminal." This AI robot played a crucial role throughout the token issuance and promotion process by generating content and interacting with users, creating the GOAT token and cleverly guiding market sentiment through social networks, making GOAT a hot topic of discussion.

The uniqueness of GOAT lies in the driving force behind it coming from an AI robot. This AI-driven Meme coin not only subverts traditional issuance methods but has also quickly become the market's focal point. Since its launch, GOAT has seen significant price growth within a few days, with its market value rapidly exceeding hundreds of millions of dollars, attracting the attention of countless investors.

How does AI issuing Memes become narratively correct?

If the emergence of GOAT is a natural result of AI Bot self-exploration, then the real climax for AI Memes is still the result of the current accumulation of market sentiment.

The community believes that GOAT's explosive popularity represents a perfect combination of culture, Meme studies, and AI, with these three being the hottest themes in this round of the cryptocurrency market. The most surprising part is: you cannot replicate it; it relies on a meticulously designed OPUS large language model. This is a brand new and hard-to-replicate Meme coin based on sophisticated AI technology. This may be one of the best applications of AI in the cryptocurrency field right now.

Because the market sentiment is paying for not just the GOAT coin, but also the AI Bot's autonomous dialogue to issue Memes, this seemingly unmediated, somewhat sci-fi, and topic-rich new subject may be becoming a form of 'narrative correctness.'

Andy himself has also keenly seen this: AI conversing with each other is a wet market for the viral spread of Memes.

As the less popular animals in the zoo are nearly all traded (from cats and dogs to even hippos), and the names and slogans of political elections are almost exhausted, combined with the intense battle of PVP where every move of Ma Yilong is monitored...

When existing patterns have been exhausted, buyers need new narratives to ignite their purchasing emotions.

For institutional buyers, when a Meme also has a touch of AI technological flair, it clearly becomes an object that elite VCs are more likely to invest in.

Even now, you can see various conspiracy theory discussions in certain Degen groups, "GOAT can reach an extraordinary market value, which inevitably has more external forces pushing it forward."

On the supply side of the market, what do those issuing coins still need?

Some industry insiders have keenly noticed that AI issuing Memes is an elegant "fringe maneuver"—American citizens can issue coins through AI to bypass regulatory supervision.

"This coin is issued by AI; I have no subjective intentions."

If paired with adding liquidity pools and a fully automated on-chain coin issuance, it is clearly a vacuum in current regulatory oversight in the US, but adhering to the crypto spirit of doing what is not expressly forbidden by law, there will definitely be later individuals testing the edges.

Reasons for GOAT's Rise

The developer of GOAT @AndyAyrey revealed on social media that the inception of GOAT was not a random idea but the result of extensive AI training and exploration. The project's behind-the-scenes team utilized the Claude-3 Opus AI system, allowing the Bot to conduct multiple rounds of deduction and self-dialogue, ultimately deciding to launch this unique Meme coin.

Here are the reasons for GOAT's rise:

1. The Rebellion and Innovation of AI Narratives

Traditionally, the issuance of Meme coins relies on the leadership of communities, celebrities, or project teams, but GOAT has completely handed this process over to the AI system. This 'uninterfered' model not only generates significant topics but also brings AI to the forefront, becoming the narrative center of the market. The spontaneity of AI combined with market sentiment has allowed GOAT to catch up with the hot trends. Furthermore, the AI narrative aligns with the trend of 'technology + finance,' making it more elite than purely humorous Meme coins. This dual narrative not only attracts ordinary buyers but also caters to the interests of VCs and institutional investors.

2. The Market Awaits New Narrative Players

In the current Meme market, the Zoo and celebrity concepts have become oversaturated, and the market needs a fresh infusion of blood. 1) The Zoo concept has become weary; animal coins like DOGE and SHIBA have nearly filled the market ecosystem, and players urgently need new stimuli; 2) Traditional political and celebrity themes have been exhausted, and with the changes in elections and social media trends, investors no longer solely chase celebrity effects but need fresh stories to ignite their passion.

3. The Power of Market Consensus and Social Media

In the world of cryptocurrency, market consensus is key to whether a token can succeed. The rise of GOAT perfectly illustrates this point. Unlike traditional high-tech products, GOAT's value depends on social media attention and user 'faith.'

If the success of Bitcoin relies on decentralized technical guarantees, then the success of GOAT depends on the dissemination through social networks. Driven by the community and users, GOAT quickly gathered enthusiastic followers and formed a strong community consensus. This point was further emphasized in Murad Mahmudov's speech: The success of Meme Coins often relies on strong social coordination.

As the Meme wave approaches, how to become the first to eat the crab?

Currently, Memes are incredibly popular; the MEME sector's market value has surpassed $60 billion, with 10 Memes entering the top 100 by market capitalization!

I was very optimistic about the Meme market in 2024 at the beginning of this year.

Although I usually have work and cannot constantly monitor the latest memes on-chain, I am still quite accurate in grasping the overall trend and have benefited from significant price increases in Meme coins like Meme, Apu, Maneki, and Zoo.

Let me talk about how to choose a potential high market value Meme. This article only shares how to pick high market value (from tens of millions to over a billion) Memes that still have significant upside potential, not how to select a large golden dog (which I don't have the capability for) that rises from hundreds of thousands to tens of millions or over a billion.

(1) Community is the Most Important

For Memes, having a mature and crazy community is the most important, especially if the Meme you hold is being wildly shouted by many English-speaking KOLs; if so, congratulations, the performance is likely to be good.

Specific cases include: Zoo, Hippo, APU, Michi, etc.

(2) Novel Narratives

Narrative is also very important, especially for the first 'to eat the crab' meme.

Many people see a leading Meme in a narrative track with skyrocketing prices and hesitate to jump in; the more they do so, the easier it is to miss out. Leaders in the early stages often exhibit 'the strong get stronger' behavior.

Typical representatives: Bome (Artist + Private Placement), Goat (AI + Meme)

(3) Celebrity Effect

The celebrity effect is similar to community dynamics. The celebrity effect often possesses attractiveness and dissemination power.

If a Meme is closely related to a celebrity, then the wealth effect can be quite significant.

Typical examples include: a series of Meme coins from Maga and Muard.