Memecoins
BRETT hits new all-time high with $1.9 billion market cap
Brett (BRETT), a Layer 2 meme coin from Coinbase, has attracted the attention of the crypto community with its remarkable performance.
Recently, BRETT reached a new all-time high (ATH) of $0.1939, marking a significant milestone.
What’s behind BRETT’s meteoric rise?
Over the past 30 days, the value of the same coin has jumped almost 445%. This price surge strengthened BRETT’s presence in the market, propelling its market capitalization from $1.66 billion to $1.92 billion in just two hours.
According to CoinMarketCap, BRETT now ranks seventh among meme coins in terms of market capitalization, surpassing BOOK OF MEME (BOME) and closing in on The Bonk of Solana (BONK). This makes BRETT the first coin on base to approach a market capitalization of nearly $2 billion.
Learn more: 7 Best Core Chain Coins to Watch in June 2024
BRETT market capitalization. Source: CoinMarketCap
A community takeover (CTO) on The report strong points a remarkable 206% increase in Brett’s social media dominance over the past 30 days.
Enthusiastic community members expressed their goal to surpass BONK market capitalizationa feat reached momentarily during the recent gathering. This grassroots support has been instrumental in BRETT’s success, reflecting the power of community projects in crypto.
Introduced in February 2024, BRETT is inspired by a character from the comic strip “Boys’ Club” by Matt Furie. His humorous and relatable story resonated with many crypto enthusiasts. This increased his popularity, earning him the nickname “PEPE’s best friend on BASE”.
BRETT’s rapid rise also attracted notable endorsements from prominent crypto traders, thus strengthening its credibility and presence in the market. Reputable crypto trader Satoshi Flipper expressed his optimistic view of BRETT.
“I think BRETT is going to do really well too. Right now, they are the best meme token on Base, and with all the current momentum building on Base,” he said. commented.
Despite its impressive performance, experts warn against the inherent risks associated with the same parts. Ken Timsit, general manager of Cronos layer 1 (L1) blockchain, highlighted these strengths. volatility and financial risks.
Learn more: 7 Hot Meme Coins and Altcoins Trending in 2024
“Coin projects are volatile and can be financially risky. While the dream of overnight riches may be compelling for many people, it is important that users and developers continue to pay attention to other blockchain use cases, such as ChallengeWeb3 games, decentralized social platforms and decentralized infrastructure,” he told BeInCrypto.
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