The price of the Brett (BRETT) meme coin has been steadily increasing, with its market cap surpassing $1.2 billion this week. The surge in price can be attributed to the overall increase in risk appetite across crypto markets, as well as the speculation around Brett becoming the first billion-dollar meme coin on the Base blockchain. The recent success of Brett follows a series of positive US data releases that have strengthened bets on a Fed rate cut, as well as an increase in demand for spot Bitcoin ETFs.
Despite having a smaller following compared to Pepe Coin, Brett has managed to accumulate a market cap that is over 20% of Pepe’s. The price of Brett has surged by over 1,000x from its launch price, but some analysts caution that its current market cap may limit further gains. While there is still potential for the price to 10x, achieving a 100x increase to above $100 billion seems unlikely. Traders seeking significant gains are advised to consider newly established meme coins that have not yet gained widespread attention.
One such alternative to Brett is Base Dawgz (DAWGZ), a Shiba Inu-themed meme coin that is gaining popularity on the Base blockchain. Base Dawgz is available on five blockchains, including Base, Ethereum, BNB, Avalanche, and Solana. The project’s presale has already raised over $260,000, indicating growing interest in the coin. Base Dawgz offers cross-chain bridging capabilities and is expected to introduce staking and airdrop programs, potentially providing passive income opportunities for investors.
Investors interested in meme coins like Brett and Base Dawgz should exercise caution, as these assets are considered high-risk. Due diligence is essential before investing in any cryptocurrency, as the market can be volatile and unpredictable. While meme coins have the potential for significant gains, they also come with a higher level of risk. It is important to understand the fundamentals of meme coins and the underlying technology before making any investment decisions. Additionally, staying informed about new projects and developments in the crypto space can help investors identify opportunities for growth and mitigate risks.
