BRETT, the memecoin that was launched three months ago, has experienced a significant surge of 14%, making it the top gainer of the day.
As of the time of writing, the token is still up by 8% and is being traded at $0.1609, according to data from CoinMarketCap (CMC). During the same period, the meme coin, which draws inspiration from a character in the “Boy’s Club” comic, witnessed a daily trading volume of $72 million.
BRETT’s 24-hour price chart reveals its upward trajectory. Additionally, it has now secured the position of the 56th largest cryptocurrency, with its market capitalization surpassing the $1.6 trillion mark. However, despite these achievements, BRETT is still down by 17% from its all-time high of $0.1939.
The recent surge in BRETT’s price can be attributed to an announcement made by crypto exchange KuCoin on June 25. KuCoin revealed that it would be hosting a fireside chat with the Brett team on Twitter Space. This event has sparked significant interest within the community, especially considering the opportunity to win $1,000 in BRETT through a giveaway. This has acted as a potential catalyst for increased trading activity and the subsequent rise in price for the token.
Adding to the positive sentiment surrounding BRETT, renowned trader Andrew Crypto (@MrTastycalls) has expressed his optimism about the coin’s trajectory. He has observed that BRETT is displaying signs of a rebound and potential breakout on lower time frames. As a result, he predicts that the coin may reach $0.20 in the upcoming week.
The recent surge in the price of BRETT memecoin coincides with the broader market showing signs of recovery. According to data from CMC, the global market has witnessed a 1.2% increase, reaching a value of $2.28 trillion.
Furthermore, other memecoins based on Solana are also experiencing a rally due to the overall rise in the crypto market. For instance, Pepe (PEPE) has surged by 9%, Dogwifhat (WIF) has seen a 10% increase, and Bonk (BONK) has recorded a more modest gain of 4%.
In summary, BRETT’s memecoin has achieved remarkable success in a short span of time, with its recent surge in price propelling it to the position of top gainer. This achievement has been influenced by the announcement of the fireside chat with the Brett team, as well as the opportunity to win $1,000 in BRETT through a giveaway. With the broader market also showing signs of recovery, BRETT and other Solana-based memecoins are benefiting from the overall rise in the crypto market.