Base Meme Coin BRETT Reachs a New Record High with a Market Cap of $1.9 Billion

  • In just 30 days, BRETT’s value increased by 445%, giving it a $1.9 billion market cap.
  • BRETT’s explosive growth was propelled by strong investment interest and community support.
  • In terms of market capitalization, BOME and BONK were exceeded by BRETT.
  • Open up cross-chain opportunities in MetaMask Portfolio with simple bridging.
  • The impressive performance of Brett (BRETT), a meme coin on Coinbase’s layer-2 Base, has drawn interest from the cryptocurrency world.

Recently, BRETT accomplished a noteworthy milestone by hitting a new all-time high (ATH) of $0.1939.

The meme coin has increased in value by around 445 percent in the last 30 days. In just two hours, BRETT’s market capitalization increased from $1.66 billion to $1.92 billion because to this price spike.

BRETT has surpassed BOOK OF MEME (BOME) and is getting close to Solana’s Bonk (BONK) to become the seventh-largest meme coin by market valuation, according to CoinMarketCap. As a result, BRETT is now the first meme currency on Base to get close to having a $2 billion market valuation.

According to a survey by social intelligence firm LunarCrush, Brett’s increasing popularity was mostly due to a community takeover (CTO) on X. According to the data, Brett’s domination on social media has increased by an astounding 206% in the last 30 days.

During the recent rally, enthusiastic community members briefly achieved their goal of surpassing BONK’s market cap. The success of BRETT may be attributed in large part to this grassroots support, demonstrating the influence of community-driven initiatives in the cryptocurrency field.

BRETT, which debuted in February 2024, is modeled after a character from Matt Furie’s comic strip “Boys’ Club.” Many cryptocurrency aficionados have found resonance in its amusing and relatable past. As a result, it became more well-known and gained the moniker PEPE’s closest friend on BASE.

Due to its quick rise, BRETT has also received substantial support from well-known cryptocurrency traders, which has increased its reputation and market visibility. Prominent cryptocurrency trader Satoshi Flipper has expressed his optimism for BRETT in public.

Experts warn about the inherent risks associated with meme currencies notwithstanding their excellent performance. The layer-1 (L1) blockchain’s managing director, Ken Timsit, highlighted the financial dangers and volatility of these assets.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

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