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Brett’s price has climbed 7% in the past 24 hours to trade at $0.09036 as of 3 a.m. EST on trading volume that has soared 424% to $114.4 million.
The price of the meme coin exploded yesterday after Binance, the world’s largest cryptocurrency exchange by volume, announced that its Binance Futures platform would launch USDT-margined BRETT perpetual contracts, starting at 10:35 UTC yesterday, August 20.
#Binance Futures to launch USDⓈ margins $BRETT Perpetual contract at
🗓️ August 20, 2024, 10:35 (UTC)
Read more ➡️ pic.twitter.com/8JOnCSN6oQ
— Binance Futures (@BinanceFutures) August 20, 2024
The Base blockchain meme coin became available on the Binance Futures platform at the indicated 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 capitalization.
신규 디지털 자산 브렛(BRETT), 페페(PEPE) 거래지원 안내
✅ Product Type: USDT Product Type
📅 거래지원 개시 시점: 2024-08-20 19:30🔗 바로가기: https://t.co/CbzEWEX50f#Upbit #BRETT #PEPE pic.twitter.com/tG3lzvubG7
— Upbit Korea (@Official_Upbit) August 20, 2024
Initially, Brett’s post-listing rally took the token above $0.1. A correction followed, taking it to $0.090, where it still stands today after trading sideways for most of the past day.
Brett Price Prediction
Brett price has generally been fairly stable compared to recent volatility, including both the surge that followed the Binance Futures listing and the subsequent correction as traders took profits.
Over the past 24 hours, Brett has returned to its stability, but its price is once again on the move. The token’s Bollinger Bands have started to show subtle signs of widening, as BRETT has started to see a further increase in its value, which was strong enough to start pushing the upper band higher.
This bullish signal was accompanied by the rise in the value of the token’s Relative Strength Index (RSI), which started to climb towards 70. The current chart shows that the RSI value started to decline slightly just before reaching this value, suggesting that traders have once again started taking profits early.
This suggests that there is not much optimism about the token’s price rallying back to $0.1 as traders are unwilling to risk waiting too long to cash out. However, this rush to sell could just be an initial reaction from some traders, and the bulls could still take over and push BRETT higher.
But, given that the cryptocurrency market is mostly moving in the red at the moment, there is not enough bullish sentiment to help BRETT go further. In other words, the token could see minor fluctuations in the short term unless the bearish influence increases. In that case, its new support at $0.090 could also break and send the token towards its old support at $0.080.
A promising alternative to Brett
Another meme coin seeing increased activity is the new Base Dawgz (DAWGZ) ICO, which is on the verge of surpassing $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.
This means 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 goal of the project 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 to 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 true interoperability to the meme coin industry has put it on the radar of many analysts and YouTubers.
ClayBro, with over 130,000 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 surpassing $2.9 million raised, we’re on our way to $3 million 🚀 pic.twitter.com/JbZUMgF8yd
— Base Dawgz (@BaseDawgz) August 13, 2024
Visit the official website to buy DAWGZ here.
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