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The Brett price pumped 7% in the last 24 hours to trade at $0.09036 as of 3 a.m. EST on trading volume that skyrocketed 424% to $114.4 million.
The meme coin’s price blew up yesterday after Binance, the world’s largest crypto exchange by volume, announced that its Binance Futures platform will launch USDT-Margined BRETT Perpetual Contracts, starting at 10:35 UTC yesterday, August 20.
#Binance Futures will launch USDⓈ-Margined $BRETT Perpetual Contract at
August 20 2024, 10:35 (UTC)
Read more https://t.co/PL9Cl0OX1m pic.twitter.com/8JOnCSN6oQ
— Binance Futures (@BinanceFutures) August 20, 2024
The Base blockchain’s meme coin became available on the Binance Futures platform at the designated time, allowing users to trade it with up to 50x leverage.
At the same time, South Korean cryptocurrency exchange Upbit also listed Brett, along with Pepe, the third-largest meme coin by market cap.
신규 디지털 자산 브렛(BRETT), 페페(PEPE) 거래지원 안내
지원 마켓: USDT 마켓
거래지원 개시 시점: 2024-08-20 19:30 예정공지 바로가기:https://t.co/CbzEWEX50f#Upbit #BRETT #PEPE pic.twitter.com/tG3lzvubG7
— Upbit Korea (@Official_Upbit) August 20, 2024
Initially, Brett’s surge that followed the listing took the token beyond $0.1. A correction followed, taking it to $0.090, which is where it still sits right now after trading sideways for the better part of the last day.
Brett Price Prediction
The Brett price is typically quite stable in comparison to the recent volatility, including both the massive surge that followed the Binance Futures listing and a correction that followed as traders took profit.
For the most part in the last 24 hours, Brett returned to its stability, but now, its price is on the move again. The token’s Bollinger bands started showing discrete signs of widening, as BRETT started seeing a new increase in its value, which was strong enough to start pushing the upper band further up.
This bullish signal was accompanied by the rise in the token’s Relative Strength Index (RSI) value, which started climbing toward 70. The current chart shows that the RSI value started dropping slightly just before hitting this value, which suggests that traders once again started taking profit early.
This suggests that there is not much optimism regarding the token’s price surging back to $0.1, as traders do not wish to risk waiting for too long before cashing out. Still, this rush to sell could be just a first reaction of some traders, and the bulls may yet take over and push BRETT further up.
But, given that the wider crypto market is mostly trading in the red right now, there is no sufficient bullish sentiment that would help push BRETT further. In other words, the token could see minor fluctuations in the short-term, unless the bearish influence increases. In this case, its new support at $0.090 could also break, and send the token down toward its former support at $0.080.
Promising Alternative to Brett
Another meme coin seeing increased activity is the new ICO Base Dawgz (DAWGZ), which is about to blast past $3 million in funds raised.
Like Brett, DAWGZ is a meme coin developed on the Base blockchain, but it was also designed to be a multi-chain cryptocurrency.
What this means is that DAWGZ will run on multiple chains at once. According to the project, its tokens will emerge simultaneously on five different blockchains — Base, Ethereum, Solana, Avalanche, and BSC.
The project’s goal is to achieve true interoperability by allowing users to quickly and easily move money between these chains, without having to use stablecoins, wrapped cryptos, or convert their DAWGZ into a local cryptocurrency of a targeted chain.
In other words, if they have DAWGZ on one of them, they can easily move it to others using Wormhole and Portal Bridge technologies.
The token’s potential to bring real interoperability to the meme coin sector has put it on the radar of numerous analysts and YouTubers.
ClayBro, with more than 130k subscribers, says DAWGZ ”is worth accumulating.”
You can buy DAWGZ for $0.008173 per token, and purchase it with ETH, USDT, USDC, BUSD, BNB, SOL, or AVAX.
After passing $2.9M raised, we’re steadily on our way to 3M pic.twitter.com/JbZUMgF8yd
— Base Dawgz (@BaseDawgz) August 13, 2024
Visit the official website to buy DAWGZ here.
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