- BRETT crypto rallied by more than 300% since March, outperforming most memecoins and other altcoins.
- The growth of this layer-2 network could bode well for its price.
As a seasoned crypto investor who has witnessed the rise and fall of numerous digital assets, I find myself intrigued by the performance of Brett [BRETT]. Having started my journey in this wild world of blockchain around the same time as Brett’s birth, it’s fascinating to see its rapid growth.
Brett (a specific meme coin operating on the Binance Smart Chain) presently occupies the 75th position among all cryptocurrencies, boasting a market cap exceeding $1.66 billion.
This digital currency was introduced earlier in the year, yet due to its novelty, it’s gained significant attention. According to CoinMarketCap, it has experienced a substantial increase of more than 300% since March.
BRETT, at press time, traded at $0.167 after a slight 1% gain in 24 hours.
Every seven days, the memecoin saw a drop of 19%. This decrease might be due to profit-taking following its all-time high (ATH) of $0.235, which it reached on the 1st of December.
It’s been impressive how Brett has surpassed many meme coins and altcoins in terms of growth this year. But, the question remains: Will it continue to outperform them in 2025 and beyond?
BRETT crypto technical analysis
Over the past few days, I’ve noticed a significant downturn in the BRETT crypto, following its all-time high (ATH) set earlier this month. This descent has shaped a descending triangle pattern on its one-day chart, hinting at potential further price reduction.
Typically, this chart formation signals an upcoming short-term decline, indicating that traders may have cashed out their gains following the market’s surge to new peaks.
Following this dip, BRETT appears to have stabilized around $0.159. If the memecoin manages to maintain its price above this level and investors return to the market, it may restart its upward trajectory and strive towards a fresh all-time high.
The technical analysis suggests that power may be shifting towards the bearish side, as indicated by the MACD line moving under the signal line and the histogram bars displaying negative values.
As a crypto investor, I’ve noticed that the Relative Strength Index (RSI) has dipped below the 50 mark, which suggests a shift in momentum towards bears. This means that the selling pressure seems to be driving the price movement at the moment.
However, BRETT’s price action has often mirrored that of Bitcoin [BTC] and the broader market.
In the opening three months of 2025, there’s a strong prediction that the cryptocurrency market will surge, primarily because of changes in the American political climate and ongoing acceptance among institutions.
This could bode well for BRETT and possibly see the token claim a new ATH.
Surge in long-term holders
There has been a notable shift in holding behavior for the BRETT crypto.
Based on the “Time Held” analysis provided by IntoTheBlock, it appears that many BRETT traders are adopting a long-term holding strategy. This could indicate a positive, bullish outlook for the market.
As a long-term crypto investor, I’ve noticed an interesting pattern with the digital currency BRETT. Specifically, there are approximately 673,000 addresses that have been holding onto BRETT for over a month, while the number of newcomers who have held it for less than one month is currently around 55,000.
This discrepancy suggests that most BRETT traders are looking for long-term gains.
Simultaneously, there’s been a significant rise in the number of traders owning BRETT for less than a month, climbing from approximately 18,000 in November to over 55,000 now.
This increase also suggests that there is renewed interest in BRETT from short-term speculators.
Should long-term investors persistently acquire more shares, it might be beneficial for BRETT’s growth beyond 2025, potentially setting the stage for an upward trend surpassing $1.
How soon can BRETT rally to $1?
BRETT has a circulating supply of 9.91 billion tokens. If BRETT were to hit $1 in the next five years, its market cap would approach $10 billion, making it a rival to PEPE (PEPE).
As a crypto investor, I firmly believe that a $10 billion market capitalization is within reach for BRETT. One key factor that could propel this growth is the robustness of its Base network.
Read Brett’s [BRETT] Price Prediction 2024–2025
On the platform known as Base, BRETT stands out as the biggest memecoin, making up almost a third (around 30%) of the entire $3.28 billion market capitalization of all meme coins on that platform.
According to AMBCrypto’s report, Base is rapidly emerging as a significant rival to Solana’s [SOL] supremacy within the meme coin market. If this trend persists over the next few years, it might boost BRETT’s price above $1 by 2025.
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2024-12-16 17:44