Tuesday, June 18, 2024
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BRETT memecoin hits $1b market cap

The memecoin, which debuted three months ago, now boasts a market capitalization of over $1 billion, 

This meteoric rise is notable when compared to other popular memecoins. Dogecoin (DOGE), for example, took several years to achieve the same milestone.

BRETT is an original character from the Boy’s Club series created by Matt Furie, who also created the famous cartoon that inspired the popular Pepe meme and the PEPE memecoin.  

“This isn’t even the pregame warm-up. We are still in the pre game locker room for Brett,” said BRETT trader Crash.

The influx of investment into BRETT indicates sustained and significant current interest in the memecoin market as a whole. This interest is likely to fuel further growth and development in the market.

Factors fueling BRETT’s growth

This spring has been successful for BRETT, with milestones and growing momentum. Notably, a major highlight was BRETT’s listing on the Seamless Protocol, a well-known DeFi protocol for lending and borrowing on Base.

Base is Coinbase’s Ethereum Layer 2 (L2) blockchain. The listing boosted BRETT’s visibility and accessibility, leading to the memecoin’s growing market cap.

Additionally, positive sentiment within the crypto market has bolstered BRETT’s bullish outlook. The approval of crypto ETFs, the initiation of futures trading for Dogecoin on Coinbase Derivatives, and the widespread anticipation of Bitcoin eventually reaching the $100,000 mark have all contributed to fostering a favorable environment for BRETT’s growth.