Markets
Memecoin BRETT reaches $1 billion market cap
Memecoin, which debuted three months ago, now has a market capitalization of over $1 billion,
This meteoric rise is remarkable when compared to other memecoins. Dogecoin (DOGE), for example, took several years to reach the same milestone.
BRETT is an original character from the Boy’s Club series created by Matt Furie, who also created the famous cartoon that inspired the popular Pepe meme and the PEPE memecoin.
“This isn’t even the pregame warm-up. We’re still in the pregame locker room for Brett,” said Crash, BRETT trader.
The influx of investment into BRETT indicates a sustained and significant current interest in the memecoin market as a whole. This interest will likely fuel further market growth and development.
Factors Fueling BRETT’s Growth
This spring has been a successful one for BRETT, with milestones and growing momentum. Notably, a major highlight was the listing of BRETT on Continuous protocola well-known DeFi protocol for lending and borrowing on Base.
Base is Coinbase’s Ethereum Layer 2 (L2) blockchain. The listing increased BRETT’s visibility and accessibility, leading to the memecoin’s growing market value.
Furthermore, positive sentiment in the crypto market reinforced BRETT’s bullish outlook. The approval of crypto ETFs, the start of futures trading for Dogecoin on Coinbase Derivatives, and the widespread expectation that Bitcoin would eventually reach the $100,000 mark all contributed to fostering a favorable environment for BRETT’s growth.