This Is How Peanut the Squirrel (PNUT) Overthrew the GOAT | Airdrop Alert Pro

GOAT, which once dominated the meme coin market, is facing a major challenge with the emergence of Peanut the Squirrel (PNUT).

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

Squirrel beats goat

society goat dominance There have been significant changes since October, mainly due to the arrival of PNUT. GOAT spent much of October on the market’s radar, benefiting from strong investor interest and widespread hype. However, PNUT’s late-month debut attracted attention, knocking GOAT out of the popular coin ranks.

Currently, PNUT is the most popular asset among investors, as evidenced by its increasing mentions and active engagement on social channels. The surge in attention directly impacted GOAT, with a decline in its engagement metrics indicating a loss of momentum. Competition between these meme coins is reshaping market conditions.

Despite the decline, GOAT’s funding rates remain in positive territory, indicating continued trader confidence. Many people are entering into long contracts, betting that prices may recover. This optimism reflects the belief that GOAT still has room to regain its dominant position in the market. same corner department.

However, the price drop has created uncertainty for investors, with concerns over whether GOAT can maintain its market position. The positive stance on funding rates is encouraging, but will require strong market cues to translate into meaningful price gains. Traders are watching closely for signs of a potential reversal.

GOAT Price Prediction: A Fall Is Coming

goat price It has fallen 25% in the past 24 hours, from an all-time high of $1.36 to $1.01. With the asset approaching the key $1.00 mark, further losses are likely if the bearish momentum continues.

Key support lies at $0.72, and a drop to that level would mean deeper losses for investors. Loss of this support could exacerbate the bearish outlook and create challenges for a quick recovery.

Alternatively, if GOAT rebounds from $0.72, the meme token could break out of its previous highs and form a new ATH. This would invalidate the bearish argument and re-establish GOAT as a top contender. same corner space.