Memecoins
Is BRETT crypto the Basic Shiba Inu? What the experts say
- 2024 sees memecoins like Brett shine with a monthly price increase of 186.43%.
- Despite short-term bearish trends, Brett demonstrates significant bullish momentum.
The year 2024 saw a wave of cryptocurrency adoption, with Bitcoin [BTC] it rose to nearly $73,000 in March, along with a significant rise in various altcoins.
However, it is memecoins that have really made headlines. Among these, the Solana [SOL] stands out for having seen the largest number of memecoin launches, many of which have achieved significant success.
Furthermore, it is also worth noting that the rise of memecoins on the Base chain has also attracted significant attention.
Brett is at the top of the Memecoin Base Ranking
Amidst this phenomenal performance, the standout memecoin of the Base chain was Brett [BRETT] which saw an increase of 186.43% in the last month, according to CoinMarketCap.
However, with a recent decline of 10.7% in the last 24 hours according to CoinGeckoBRETT cryptocurrency daily and weekly charts appear bearish.
However, despite the current price showing considerable selling pressure, the Relative Strength Index (RSI) indicates strong bullish sentiment, remaining above the neutral level as of this writing.
Source: TradingView
In fact, according to data from TradingView, June saw numerous instances of BRETT in the overbought zone, showing extremely strong buying pressure.
This has led many executives to believe that Brett is becoming the Shiba Inu [SHIB] of the Basic blockchain.
Expanding on the topic, a crypto analyst on X (formerly Twitter) called: ‘Accident’ suggested,
“Today $BRETT is worth 0.15 cents. And in this bull run it will go to $8.00-$15.00 dollars. Take advantage of it.”
Reiterating the same thing, @Poe_Ether turned to X and said:
Source: Poe/X
Brett vs others
AMBCrypto further validated this by comparing other memecoins across various networks and found that Brett’s monthly performance outperformed many other memecoins.
According to CoinMarketCapbest memecoins based on Solana Dogwifhat (WIF) and Good [BONK] they decreased by 32.31% and 35% respectively in the monthly rankings.
Furthermore, the leader Ethereum [ETH]-based Dogemoneta [DOGE] and SHIB are down 24.05% and 31.22% over the past month.
Therefore, with BRETT close to breaking the resistance level at $0.159, the memecoin appears poised for a bull run.