Meme coins are making a comeback – and Brett (BRETT) is leading the way.
This Base network meme coin has shot up 25% in the past day, finally breaking its downtrend.
Alongside BRETT, the new meme coin Base Dawgz (DAWGZ) is also on the rise.
It just hit $3 million in its presale phase, with investors rushing to snag DAWGZ tokens at a discount.
BRET Soars 25% as Binance Futures Creates Trading Frenzy
BRETT’s price action has been hard to ignore over the past 24 hours.
Currently trading at $0.093, the coin hit highs of $0.116 earlier today before retracing slightly.
This still represents a 25% gain from yesterday’s low – bringing BRETT back to where it was last Wednesday.
The surge in price has been accompanied by a massive 274% increase in trading volume.
That increase has pushed BRETT to the top of CoinMarketCap’s gainers list.
But what are the reasons for all this interest?
It seems directly related to Binance’s announcement earlier today regarding the launch of a USDⓈ-margined BRETT perpetual contract.
The prospect of leveraged trading has caught the interest of retail (and potentially institutional) investors.
As a result, BRETT’s price has rallied.
Time will tell whether the token can keep up this momentum, but BRETT is enjoying a well-deserved comeback for now.
Meme Coins Rally Across the Board, But Can The Momentum Be Sustained?
Brett’s surge isn’t an isolated incident.
It’s part of a wider meme coin resurgence that’s playing out across the crypto market.
Last week’s sea of red has given way to some green, with most dog/cat/frog-themed tokens seeing double-digit gains.
DOGE is up 5% since yesterday, while SHIB has jumped 3%.
WIF and FLOKI are both up over 12%.
But, alongside BR
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Author: Felix Mollen