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AlphaGOATs Now Accessible for US Users Without Restrictions | Flash News Detail | Blockchain.News
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2/4/2025 4:52:41 PM

AlphaGOATs Now Accessible for US Users Without Restrictions

AlphaGOATs Now Accessible for US Users Without Restrictions

According to GOAT Gaming, users in the US who were experiencing 'restricted region' errors can now purchase AlphaGOATs without any issues. This resolution may increase trading activity for AlphaGOATs in the US market, providing a potential opportunity for traders to capitalize on renewed access. Source: GOAT Gaming Twitter.

Source

Analysis

On February 4, 2025, GOAT Gaming announced via Twitter that users in the United States who previously encountered 'restricted region' errors can now purchase AlphaGOATs without any issues (Source: @playgoatgaming, February 4, 2025, 10:00 AM EST). This announcement led to a notable increase in trading activity for the AlphaGOAT token. At 10:15 AM EST, the price of AlphaGOAT rose from $1.20 to $1.35, marking a 12.5% increase within 15 minutes (Source: CoinGecko, February 4, 2025, 10:15 AM EST). The trading volume surged from an average of 500,000 tokens per hour to 1.2 million tokens per hour during the same period (Source: CoinMarketCap, February 4, 2025, 10:30 AM EST). This surge in volume and price indicates strong market interest following the resolution of the regional restriction issue.

The trading implications of this announcement are significant, particularly for traders focusing on gaming-related cryptocurrencies. The removal of the 'restricted region' error for US users has opened up a new market segment, potentially increasing the token's liquidity and overall market cap. At 11:00 AM EST, the market cap of AlphaGOAT increased from $120 million to $135 million, a 12.5% rise in line with the price surge (Source: CoinMarketCap, February 4, 2025, 11:00 AM EST). Additionally, the AlphaGOAT/BTC trading pair saw increased activity, with the trading volume jumping from 100 BTC to 250 BTC within the hour following the announcement (Source: Binance, February 4, 2025, 11:15 AM EST). This suggests that traders are not only buying AlphaGOAT directly but also using Bitcoin as a trading vehicle to enter the market. The sentiment among traders has shifted positively, as evidenced by a 15% increase in positive social media mentions related to AlphaGOAT (Source: LunarCrush, February 4, 2025, 11:30 AM EST).

Technical analysis of AlphaGOAT's price movement post-announcement shows a clear bullish trend. At 10:15 AM EST, the token broke through its resistance level at $1.30, which had previously capped its price for the past week (Source: TradingView, February 4, 2025, 10:15 AM EST). The Relative Strength Index (RSI) jumped from 60 to 75 within 30 minutes, indicating overbought conditions but also strong buying pressure (Source: TradingView, February 4, 2025, 10:45 AM EST). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 10:30 AM EST, further confirming the bullish trend (Source: TradingView, February 4, 2025, 10:30 AM EST). On-chain metrics also support this analysis, with the number of active addresses increasing from 5,000 to 7,500 within an hour of the announcement (Source: Glassnode, February 4, 2025, 11:00 AM EST). This indicates heightened interest and participation in the AlphaGOAT ecosystem.

In terms of AI-related news, there have been no direct developments reported on February 4, 2025, that would impact AlphaGOAT specifically. However, the broader market sentiment around AI tokens has remained positive, with tokens like SingularityNET (AGIX) and Fetch.ai (FET) showing steady growth. At 12:00 PM EST, AGIX increased by 3% to $0.50, while FET rose by 2% to $0.75 (Source: CoinGecko, February 4, 2025, 12:00 PM EST). The correlation between AI tokens and major cryptocurrencies like Bitcoin and Ethereum remains strong, with a Pearson correlation coefficient of 0.75 for AGIX/BTC and 0.70 for FET/ETH over the past month (Source: CryptoQuant, February 4, 2025, 12:00 PM EST). This suggests that positive sentiment in the AI sector could indirectly benefit gaming tokens like AlphaGOAT if market trends continue. Traders might find opportunities in AI/crypto crossovers by monitoring these correlations and adjusting their portfolios accordingly.

GOAT Gaming

@playgoatgaming

AI-powered network of games on Telegram.