By
Svetlana Soroka
June 28th, 2024
KuCoin has also announced a 1,200,000 BRETT giveaway to celebrate the listing, incentivizing users to invite others to the platform with the promise of token rewards.
While most of the biggest cryptocurrencies have experienced either consolidation or slight retracement over the past 24 hours, the frog-themed meme coin Based Brett (BRETT) has bucked the trend with substantial gains. BRETT has marked a new all-time high above $0.143, driven by an increase of over 90% in trading volume at around $100 million.
The meme token also recorded a surge in market capitalization to $1.42 billion, sending the coin to position number 217 on the list of the largest cryptocurrencies by market capitalization.
The recent surge in BRETT’s value and trading activity aligns with renowned exchange platform KuCoin’s announcement to list the BRETT/USDT trading pair on June 6. Prior to KuCoin’s listing, other leading cryptocurrency exchanges such as Bitget, BitMart, and Gate.io had already supported services with BRETT. The widespread availability of BRETT across multiple platforms has contributed to its market performance.
Interestingly, KuCoin has also announced a 1,200,000 BRETT giveaway to celebrate the listing, incentivizing users to invite others to the platform with the promise of token rewards. This strategic move has significantly boosted the cryptocurrency’s visibility and appeal among traders.
Abuzz Crypto Community
The crypto community on social media platform X is abuzz with optimism about BRETT’s ongoing bull run. A big name in the crypto community, Crypto Rover recently revealed huge paper profits from BRETT’s price surge and revealed his exposure to the token.
Another prominent investor, STASHER, also noted the token’s impressive performance and forecasted a move to $0.20 before any potential retracement. He compared BRETT to several other profitable meme coins, noting:
“This looks like THE lower risk meme coin investment that genuinely is giving me DOGE, SHIBA, and PEPE vibes.”
This price prediction is echoed by renowned crypto analyst Andrew Kang who expressed confidence in BRETT’s strength and future price trajectory. He states “BRETT is showing strength, and it feels like the magnet to $0.20 is sooner rather than later.”
BRETT, built on the BASE chain, is inspired by the legendary character from Matt Furie’s Boys’ Club comic. It is the Based Brett’s native token, which depicts as a dancer and loves video games. As per the project’s official website, the growing network of projects and applications within the BASE chain allows BRETT to leverage shared resources and expertise in propelling its innovation.
The surge in BRETT’s value is part of a broader trend in the meme coin market. The overall market capitalization of meme coins is nearing the $70 billion mark, with players like Pepe (PEPE), Floki Inu (FLOKI), and various PolitiFi tokens leading the way.
