The Coinbase Base network‘s meme coin, BRETT, has emerged as the top performer, achieving a $1 billion market cap in just four months since its launch. This rapid growth outpaces notable memecoins like DOGE and PEPE, which took longer to reach the same milestone. The surge follows BRETT’s integration with the Seamless Protocol, a DeFi platform on the Base network, which facilitates lending and borrowing and boasts a total value locked (TVL) of nearly $80 million.
Impressive Growth Metrics
When writing, BRETT is trading at $0.1156, marking a 12.7% increase over the past 24 hours. Over the past week, the meme coin has surged by 63.61%, and it has seen a remarkable 168.87% rise over the past month. Market sentiment remains bullish, with expectations of further growth for the frog-themed meme coin.
BRETT Price Analysis
Despite limited historical data, BRETT’s performance indicates a strong bullish trend. The BRETT/USDT 4-hour chart shows the price reaching an all-time high (ATH) of $0.1278, followed by a sharp decline to $0.07, which created a buying opportunity. Increased social media dominance helped the price rebound above the $0.1 mark.
The current resistance is $0.128, with support levels at $0.1 and $0.07. The Relative Strength Index (RSI) is at 57.8, indicating a neutral but upward trend, while the Money Flow Index (MFI) is at 77, suggesting price uncertainty.
Future Outlook for BRETT
In the long term, BRETT appears to be a promising cryptocurrency. Its impressive performance and the expanding Base network ecosystem could provide additional momentum. Although some volatility and market corrections are expected, long-term technical indicators remain bullish. Analysts predict that BRETT’s price could reach $0.7 or $0.8 by the end of 2024.
However, any downturn in the broader crypto market or changes in the meme coin season could impact BRETT’s growth, potentially leading to lower price levels. If positive market conditions persist, BRETT could join the ranks of top memecoins, potentially exceeding a $10 billion market cap.
