Typically, TV-MC ratio values above 0.5 indicate increased speculation, which could potentially increase volatility within the Solana memecoin sector, compared to more mature markets.
As a reminder, Bitcoin’s TV-MC ratio is trending at 0.07, amid the current market frenzy, signaling greater fundamental investment relative to near-term buying pressure.
If the crypto market sees bullish momentum, Solana coins are poised to see a faster rise in the days to come. However, in the event of a correction phase, the high TV-MC ratio suggests that bulls could be exposed to rapid declines.
GOAT, MOODENG and BONK emerge from the fastest growing Solana memes
Amid the rally, GOAT, MOODENG, and BONK became the best performing assets among the top 10 Solana memes. The increase in the TV-MC ratio of the Solana memecoin sector highlights the intense market demand.
While bullish momentum is still active in the crypto markets, technical analysis signals provide data-driven insights into how each of the tokens might move in the coming weeks.
Goatseus Maximus (GOAT) Price Prediction: Bulls Eye Rally to $1
Launched in October 2024, Goatseus Maximus (GOAT) is the latest Solana meme ranked in the top 10. GOAT price reached $0.85 on November 11, up 67.7% in the last 7 days alone , pushing its market capitalization above $650 million at press time.
If it repeats a similar performance in the coming week, GOAT could become the third Solana meme to reach a $1 billion valuation within a month of launch after Book-of-Meme (BOME) achieved l feat in March 2024.
In terms of near-term price projections, Parabolic SAR and Bull-bear power technical indicators suggest that GOAT is on track for a $1 breakout in the coming days.