Key Takeaways:
- BRETT rumors circulating about possible Binance listing as Binance Futures launched BRETT’s perpetual contract.
- BRETT coin has surged nearly 7% in the past week amid these rumors.
- The community sentiment of the coin remains “bullish” with the Fear & Greed Index showing “Extreme Greed”.
The famous BRETT meme coin has registered a tremendous growth of more than 50% in the last 7 days. The BRETT is a meme coin based on the Base Chain. It was inspired by the character Brett from Matt Furie’s Boys’ Club comic series. Since its launch in February of this year, the coin has managed to gain huge traction in the market as well as the support of a good community. In this article, we will look into the meme coin’s current bull run, the factors that significantly influenced this bull run, and also about how the coin will fare in the market in the coming days.
BRETT Coin Current Market Standing
The BRETT meme coin is currently ranked #61 in the crypto world based on market capitalization. The coin’s current bull run commenced on the 11th of this month. At that time, the coin was trading at $0.1098. Since then the market value of the meme coin has undergone significant growth earning its early holders a huge chunk of profit. With a weekly growth rate of 6.57%%, the coin is currently trading at $0.1562 registering a daily downtrend of 7.73%.
During its bull run, the coin reached as high as $0.1860, which was recorded on the 16th of this month. Recording a lifetime growth of 302.96%, the coin is one of the top-performing meme coins launched this year. With a circulating supply of 9.91 billion and a trading volume of 119.05 million, the coin’s market capitalization has already crossed 1.55 billion. If the trends in the market and social media continue to favor the coin in the coming days, it is expected that the coin will soar even higher in the market in the coming days.
Factors Influencing The BRETT Surge
Since its release, the coin has managed to gain significant traction in the market. It started off with a bull run but pretty soon, it began to wane. Now with the US Presidential Election, the coin has kickstarted yet another rally. The BRETT has pumped nearly 50% in the last month. This ongoing rally has led to many rumors in the crypto community.
One such rumor is that the coin will likely be listed on major exchanges like Coinbase and Binance. As Binance has listed several meme coins like BRETT in the past, there is a probability that this may come true. The Binance Futures has already launched Brett’s perpetual contract, so the next step is likely to be a spot listing. This speculation has played a major role in the recent price surge of the coin in the market.
As the “meme supercycle” is in full tow, various investors are considering BRETT as the next in line for a meme coin explosion. The opinions of social media influencers over the BRETT surge have also contributed to the rapid growth of the coin. For instance, Andrew Crypto, who has over 70K X followers claims that “the meme coin will see a parabolic expansion in the coming days”.
BRETT Coin Short-Term Price Prediction
Now that we know about the coin’s current performance in the market, let’s take a sneak peek into its future. For this, we have prepared a price prediction table highlighting the coin’s potential market value and ROI in the coming days. If you’re considering investing, kindky refer to the given table to gain insights into the coin’s future.
| Date | Price | Potential ROI |
|---|---|---|
| 21 Nov, 2024 | $ 0.164646 | 5.20% |
| 22 Nov, 2024 | $ 0.17346 | 10.89% |
| 23 Nov, 2024 | $ 0.184812 | 18.14% |
| 24 Nov, 2024 | $ 0.198676 | 27.21% |
| 25 Nov, 2024 | $ 0.214126 | 37.22% |
While referring to the people, keep in mind that the above-given prices are susceptible to changes in trends in social media as well as in the crypto market and therefore may vary accordingly.
Is It a Good Time To Invest In The BRETT Token?
The overall community sentiment toward the BRETT meme coin is showing a “Bullish” trend. As per the information provided by numerous tier-1 market analysts, the coin is expected to rise by 226.34% and reach $0.553732 by the beginning of the second half of December. This can significantly vary if the coin gets listed in one of the major exchanges. The token is currently trading its 16/30 days in the green with a volatility rate of 26.61% based on the data from the past 30 days.
The Fear & Greed Index of the BRETT meme coin shows a value of 83 indicating “Extreme Greed”. Based on this forecast, it is the ideal time to invest in the famed meme coin. However, you should keep in mind that the crypto market is one of the most volatile places in the world. So, it would be better if you conducted your research before moving on with the investment.
Potential Risk & Future Outlook Of The Coin
The BRETT is a meme coin, which means that the market value of the coin can change at a moment’s notice based on the trends in social media. As such, there is a huge probability that the investors may face significant losses during one of its downtrends. Also, the lack of any major use cases and the competition in the market can also downgrade the coin’s value.
If you consider the short-term, the analysts in the market are predicting significant growth for the coin with the coin maintaining an average price of $0.698492 by the end of this year. As for the long-term, we cannot predict for sure as the BRETT is a meme coin. However, if the coin gets listed in one of the major exchanges or a utility is added to the coin, it could have a highly positive impact on the market value of the meme coin.