Memecoins
Is the BRETT crypto the Basic Shiba Inu? What the experts say
- In 2024, memecoins like Brett shine with a monthly price increase of 186.43%.
- Despite short-term bearish trends, Brett demonstrates significant bullish momentum.
The year 2024 witnessed a wave of adoption of cryptocurrencies, with Bitcoin [BTC] climbing to nearly $73,000 in March, alongside a significant increase in various altcoins.
However, it was memecoins that really made headlines. Among these, the Solana [SOL] The network stands out, having seen the highest number of memecoin launches, many of which have seen significant success.
Additionally, it is also worth noting that the rise of memecoins on the basechain has also attracted considerable attention.
Brett tops the Base Memecoin rankings
Amid this phenomenal performance, the most notable memecoin on the base chain was Brett [BRETT] which saw an increase of 186.43% over the past month, according to CoinMarketCap.
However, with a recent drop of 10.7% in the last 24 hours according to CoinGeckoBRETT crypto’s daily and weekly charts look bearish.
Yet despite the current price showing notable selling pressure, the relative strength index (RSI) indicates strong bullish sentiment, remaining above the neutral level at press time.
Source: TradingView
In fact, according to TradingView data, June witnessed several instances where BRETT was in the overbought zone, showing extremely strong buying pressure.
This has led many leaders to believe that Brett is becoming the Shiba Inu [SHIB] of the Base blockchain.
Expanding on the topic, a crypto analyst on X (formerly Twitter) named – ‘Accident’ suggested,
“$BRETT is at 0.15 cents today. And it will cost between $8.00 and $15.00 during this bull run. To take advantage of.”
Reiterating the same, @Poe_Ether addressed X and said:
Source: Poe/X
Brett against the others
AMBCrypto further validated this by comparing other memecoins on different networks and found that Brett’s monthly performance exceeded that of many other memecoins.
According to C.oinMarketCapthe best Dogwifhat (WIF) memecoins based on Solana and Bonk [BONK] fell 32.31% and 35%, respectively on the monthly charts.
Furthermore, the leader Ethereum [ETH]-base Dogecoin [DOGE] and SHIB fell 24.05% and 31.22% over the past month.
So, with BRETT about to break through the resistance level at $0.159, memecoin looks set for a bull run.