Coin World News Report:
1. Two weeks after its birth, the market value of GOAT has exceeded 800 million US dollars. Timeline of GOAT’s eruption and future insights
To understand the eruption of GOAT, it is necessary to distinguish between three GOATs. One is Goatse Gospel; one is Goatseus Maximus created by the Twitter account Terminal of Truths, and one is the meme coin GOAT on the Meme launching platform pump.fun on Solana.
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2. Overview of leading tokens in the AI+MEME sector
The leading narrative token in the AI+MEME sector, GOAT, has surged above $0.85 in a continuous Fomo sentiment in the community. Is “GOAT” a new asset type driven by technology and culture, or a short-term celebration of imagination? Investors should be cautious of the risk of sudden bubble burst in the market that has been moderately rising in the two weeks before the election. Although GOAT has its leading target attributes and is strengthened by continuous rise, it cannot avoid the common problem of meme tokens, which is the lack of long-term value support. In addition, AI+MEME tokens currently lack a moat to maintain their value, and the cost and difficulty of copying the theme concept are low.
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3. Variant: Bitcoin DEX Satflow Interpretation
We are pleased to announce that we led the seed round financing of Satflow. Satflow is a new professional trader DEX based on the Bitcoin network.
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4. From AI Religion to Meme Coins: How Truth Terminal Subverts the AI and Crypto World
I’m not really a memecoin enthusiast. Naturally, when I first came across GOAT by chance, I didn’t think much of it. But my obsession with AI and AI intelligences made me delve deeper into the legend of GOAT – the story behind @truth_terminal and Infinite Backrooms – and what I discovered surprised me. GOAT is a crazy and thought-provoking story that breaks through our thinking about AI and the value we give to things. It is an experiment that combines art, philosophy, and financial speculation.
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5. What is driving Solana’s 11% surge?
While the broader cryptocurrency market has been consolidating after a rapid rise from its lows in early October, Solana (SOL) has been consistently rising compared to the largest cryptocurrencies.
SOL has been the best-performing asset in the CoinDesk 20 index, a broad market index, over the past week, rising by 11%, while almost all other cryptocurrencies have been declining. TradingView data shows that on Tuesday, SOL reached a new all-time high against the first-layer network Ethereum, surpassing the level of 0.064 touched for the first time in August. At the same time, SOL has shown relative strength against Bitcoin, reaching its highest price relative to BTC in over two months.
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