Analysis of $GOAT before TGE $GOAT is currently one of the most notable Bitcoin L2/BTCFi projects, and the TGE is approaching. 1. Valuation & FDV at TGE of $GOAT In the Pre-Series A round, $GOAT raised $5M with a valuation of $50M. Based on similar projects trending towards TGE, the estimated FDV of $GOAT could reach around $150M - three times the valuation of the private round. The BTCFi narrative in this cycle is well-known, with a significant story revolving around $BTC. 2. Eco and TVL The current TVL of $GOAT is ~$110M -> Quite impressive for a project that hasn't officially reached TGE yet. Additionally, the Pre-Deposit Vault program is helping the project attract liquidity early, stabilizing TVL before TGE. 3. Comparison with other BTCFi projects Some Bitcoin L2s like Stacks and BounceBit currently have FDVs ranging from hundreds of millions to billions of dollars. With $GOAT's valuation at $150M, the project has a relatively reasonable entry point without excessive...
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