- 2024 sees memecoins like Brett shine with a 186.43% monthly price increase.
- Despite short-term bearish trends, Brett demonstrates significant bullish momentum.
As a seasoned crypto investor, I’ve seen my fair share of market fluctuations and memecoin mania. And let me tell you, 2024 has been an exciting year for us in the memecoin space.
In the year 2024, there was a notable increase in the usage of cryptocurrencies. Bitcoin‘s price reached an impressive height of almost $73,000 in March, while several alternative coins experienced substantial growth as well.
Despite the limelight being stolen by memecoins recently, it is the Solana (SOL) network that has gained remarkable recognition among them. Notably, this platform has witnessed a high number of memecoin launches, several of which have experienced notable triumphs.
It’s important to mention as well that the surge of meme coins on the BSC (Binance Smart Chain) has attracted a lot of interest.
Brett tops the Base memecoin chart
As an analyst, I’ve observed some remarkable gains among memcoins on the Bancana (Base) chain recently. Particularly noteworthy is the performance of Brett [BRETT], which experienced a striking surge of 186.43% over the past month, based on data from CoinMarketCap.
I’ve noticed a significant drop of 10.7% in the value of Brett crypto over the last 24 hours, as indicated by CoinGecko. Taking a closer look at its daily and weekly charts, Brett crypto seems to be exhibiting bearish trends.
As a researcher observing the market, I’ve noticed that the current price is experiencing significant selling pressure. However, an important indicator, the Relative Strength Index (RSI), suggests a robust bullish trend. At this moment, it remains above the neutral threshold.
Based on my analysis of the data from TradingView, I identified several occurrences in June where BRETT found itself in the overbought region, indicating robust buying activity.
As an analyst, I have observed some significant developments that have led me to draw a comparison between Brett and the popular cryptocurrency, SHIB, within the Base blockchain ecosystem.
Expanding on the topic, a crypto analyst on X (formerly Twitter) named – ‘Crash’ suggested,
“The price of Brett is currently at 0.15 cents. It’s predicted to rise between eight and fifteen dollars during this bull market. Consider making a move.”
Reiterating the same, @Poe_Ether took to X and said,
Brett vs. Others
As a financial analyst, I delved deeper into the memecoin market by comparing Brett’s monthly performance with that of other memecoins on different networks. To my surprise, Brett’s growth rate surpassed several memecoins in the same timeframe.
Based on data from CoinMarketCap, Dogwifhat (WIF) and Bonk (BONK), two popular memecoins built on the Solana blockchain, experienced significant declines in value over the past month. Specifically, Dogwifhat decreased by 32.31%, while Bonk saw a more substantial drop of 35%.
As a crypto investor, I’ve noticed that both Dogecoin [DOGE] and Shiba Inu [SHIB], which are built on the Ethereum network, have experienced significant declines over the last month. Specifically, Dogecoin decreased by 24.05%, while Shiba Inu saw a more pronounced drop of 31.22%.
With BRETT almost reaching the brink of surpassing the resistance level at $0.159, it seems poised for an uptrend or bull market.
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2024-06-21 17:11