Brett coin (BRETT), a frog-themed meme coin, is quickly becoming the rising star of the meme coin bull run after hitting an all-time high of $0.14 and listing on Kucoin, a major exchange of cryptocurrencies.
This is happening in a cryptocurrency market where cryptoasset prices have consolidated or fallen slightly in the last 24 hours.
The Brett coin's bull run is another reflection of how well memecoins are doing in the market recently, with their collective market capitalization reaching the $70 billion mark.
The key factor behind the Brett meme coin's price rise was its listing on Kucoin for BRETT/USDT trading according to CryptoPotato. report. Kucoin also went the extra mile by launching a mini airdrop campaign to celebrate the listing.
Kucoin reserved 1,200,000 Brett tokens as a reward fund for users who invite new members to the platform.
The price of Brett coins rose after this initiative reached an all-time high of $0.14 and its market capitalization briefly surpassed the $1.4 billion mark before settling at $1.35 billion.
Prior to its listing on Kucoin, the Brett coin was already listed on other cryptocurrency exchanges such as Bitget, Bitmart, and Gate.io.
The Brett coin's recent exploits in the market are earning the project a lot of admiration from cryptocurrency traders, analysts, and crypto influencers right now. The general belief among this side of the crypto community is that the Brett coin bull run was just beginning and will not stop anytime soon.
A crypto analyst with the handle X Stasher aware On the platform, Brett is moving in the same direction as successful memecoin projects like Dogecoin, Shiba Inu, and Pepe.
“This seems to be THE lowest risk memecoin investment that is really giving me DOGE, SHIBA, and PEPE vibes.” added the analyst.
Another Crypto influencer called Crypto Rover who also has more than 700,000 followers. commented about the bullish trend of the Brett coin saying that he has also made profits from the project.
Brett Coin is not alone in the class of memecoins that attract investors' attention for its impressive performance. Pepe (PEPE), Floki Inu (FLOKI), and PoliFi meme coins like Trump (MAGA) are also seeing significant price increases and attracting investors currently.
The performance of memecoins in the market has brought its total market capitalization to $70 billion, cementing its position as a very important member of the cryptocurrency ecosystem.
What to know
- Meme coins are cryptocurrencies (like Bitcoin or Ethereum) that pay homage to a meme, which is an interesting or funny idea captured in an image, video, or other media. Like the memes they are based on, meme coins are designed to go viral and be shared.
- The success of memecoins largely depends on its community. Dogecoin is the most successful memecoin project and was backed by billionaire Elon Musk, Mark Cuban, and even Snoop Dogg.
- The Brett coin is currently worth 209.47 naira in Nigerian currency and can be purchased on Bitget or Bitmarket.
- Despite their propensity for massive returns, memecoins are well known for their extreme volatility and could lead to huge losses for investors. Investors should exercise caution and do their research before trading memecoins.
