As a researcher with a background in cryptocurrency markets, I’ve been closely monitoring the memecoin space for some time now. The recent surge in BRETT‘s price has caught my attention due to its impressive gains and the growing interest within the community.
BRETT, the memecoin which launched three months ago, has surged 14% to become today’s top gainer.
As I pen this down, the token is seeing a 8% rise and is being traded at a price of $0.1609 based on CoinMarketCap (CMC)’s current data. In contrast, the meme coin derived from the “Boy’s Club” comic character boasted a daily trading volume of approximately $72 million during this same timeframe.
At present, BRETT holds the position as the 56th largest crypto asset, having exceeded a market capitalization of over $1.6 trillion. However, it’s important to note that BRETT is currently 17% below its all-time high price of $0.1939.
The rise in BRETT‘s price can be attributed to the announcement made on June 25 by crypto exchange KuCoin, revealing an upcoming Twitter Space event featuring the BRETT team for a live chat.
The community is buzzing with excitement about this event, and that buzz is only growing louder due to the chance to win $1,000 worth of BRETT tokens in a giveaway. This added incentive could potentially lead to heightened trading activity and an increase in the token’s value.
As the hours tick down before our upcoming #KuCoin Twitter Space session with @BasedBrett, an exciting opportunity awaits: a chance to win $1,000 worth of $BRETT tokens in our giveaway! 🎁🔥To learn more about this enticing offer and how you can participate, kindly follow the link below. ⤵️— KuCoin (@kucoincom) June 26, 2024
As a researcher, I’d like to add my perspective to the prevailing bullish attitude towards BRETT. Noted trader Andrew Crypto (@MrTastycalls) has expressed his optimism regarding the coin’s direction, observing that it appears to be rebounding and potentially breaking out on lower timeframes. He anticipates that BRETT may reach a price of $0.20 within the upcoming week.
Brett bouncing back from its box on the lower time frames, projected to reach approximately $20 in value as the broader market recovers and transitions to green. The crypto sector is undergoing price exploration.
— Andrew Crypto (@MrTastycalls) June 25, 2024
At present, the growth spurt of the newly popular BRETT memecoin coincides with early indications of a broader market rebound. As per CoinMarketCap statistics, the total market value has risen by 1.2%, reaching $2.28 trillion.
Concurrently, other memcoins built on the Solana blockchain are experiencing growth as part of the wider crypto market uptick. Pepe (PEPE) is witnessing a 9% increase, Dogwifhat (WIF) is surging by 10%, and Bonk (BONK) is registering a more restrained gain of 4%.
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2024-06-26 12:36