The memecoin BRETT, which debuted three months ago, now boasts a market capitalization of over $1 billion. This rapid rise is notable when compared to other popular memecoins. For instance, Dogecoin (DOGE) took several years to achieve the same milestone.
BRETT is an original character from the Boyβs Club series created by Matt Furie, who also created the famous cartoon that inspired the popular Pepe meme and the PEPE memecoin.
βThis isnβt even the pregame warm-up. We are still in the pregame locker room for Brett,β said BRETT trader Crash.
The influx of investment into BRETT indicates sustained and significant interest in the memecoin market. This interest is likely to fuel further growth and development in the market.
Factors Fueling BRETTβs Growth
This spring has been successful for BRETT, with milestones and growing momentum. A major highlight was BRETTβs listing on the Seamless Protocol, a well-known DeFi protocol for lending and borrowing on Base.
Base is Coinbaseβs Ethereum Layer 2 (L2) blockchain. The listing boosted BRETTβs visibility and accessibility, leading to the memecoinβs growing market cap.
Additionally, positive sentiment within the crypto market has bolstered BRETTβs bullish outlook. The approval of crypto ETFs, the initiation of futures trading for Dogecoin on Coinbase Derivatives, and the widespread anticipation of Bitcoin eventually reaching the $100,000 mark have all contributed to fostering a favorable environment for BRETTβs growth.
$BRETT will break ATH again in short order β Henok (@henokcrypto) June 3, 2024
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