GOAT is one digital currency that has been trending within the market of cryptocurrencesse. This token is developed based on BEP-20, which is a Binance Smart Chain blockchain. GOAT’s main goal is to appreciate and promote the people who dedicate themselves and are considered the ‘Greatest of All Time’ athletes, actors, music award winners and great people from all the worlds and everyone who works on society.
The GOAT has evolved from the starting premise to a Play to Earn RPG game, the gaming protocol and the metaverse in the name of legendary figures who transformed the world with their craft. This metaverse is intended to possessed 10000 residential and 1000 commercial plots available in the central business district area which will be subdivided into twenty colonies for accommodating luxury commercial as well as residential units.
This is one of the unique selling propositions of GOAT in that it aims to build a marketplace of intentional digital arts. With the developed platform, positioning in the NFT niche, the goal is considered effective in presenting digital art that encompasses successful people across different spheres of human activity. This approach makes GOAT stand out from other cryptocurrencies and NFT trading platforms as it tries to merge two concepts of digital tokens with real achievements and appreciation.
The total and the circulating supply of the GOAT token is equal to 1,000,000,000 GOAT. According to the latest information, the cost of GOAT is $ 0.00004511, with the market capitalization of $ 45,107. However, in the last 24 hrs of trading, the token has witnessed about 3.71% upsurge, considering it has some activity in trading.
However, GOAT as per the market capitalization occupies the 5295th place but has good potential for growth with volume of $ 3,566 in trading for 24 hours. This figure essentially means that there has been an increase of 51.29% in this volume ,which is an indication of growing activities/interactions with the token. The volume to the market capitalisation ratio was 0.079, which clearly states that the token has a moderate degree of liquidity.
Perhaps for this reason, the approach used in the GOAT project, where digital assets are tied to actual achievements, may receive interest from different users and investors. To that end, leaning on the concept of creating digital avatars depicting real-life accomplished persons, the GOAT cashes in on a classical human instinct — desire to follow real-life examples of successful people and thereby be a part of success, which may contribute to the increased demand for tokens and NFTs.
Having integrated a Play-to-Earn gaming protocol to the GOAT ecosystem, there is an added value and utility in the product. However, this feature could encourage the gaming enthusiasts to come to the platform hence, boosting the use of the GOAT token. The metaverse part of the project also addresses the emerging theme or virtual worlds and digital real estate that have started to gain popularity in the world of cryptocurrencies and blockchain.
Though, the cryptocurrencies market involves high risks and is considered to be extremely fluctative. Although, at the time of writing; GOAT has revealed several positive signals potential investors should run their independent analysis and research as well as understand the risks associated with investing in cryptocurrencies most especially low cap coins.
The success of GOAT will therefore hinge on its capability to deliver on this vision, acquire a base of consumers who will be willing to patronize its platform and develop digital assets that will be relevant to collectors and connoisseurs. While using real-world achievements for rewarding the performers may help the project stand out among other Severn cryptocurrency-based proposals, there are a number of problems to overcome, the most relevant of which are the stiff competition from the already existing platforms and the lack of demand for such services among the majority of the population.
As we watch the growth of the cryptocurrency market the world over, it can be easily seen that there is room for projects such as GOAT that bring value additions and goals beyond the mere trading of coins. However, like any investment, even in the crypto market, investors should deal with GOAT cautiously and weigh their willingness and intent to loss and gain.
+ There are no comments
Add yours