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Cryptocurrency News Articles

Brett (BRETT) Meme Coin Skyrockets 449% in 30 Days, MAGA and Pepe Also See Price Surges

Jun 10, 2024 at 02:54 am

Brett (BRETT), a meme coin inspired by a character from the “Boy’s Club” comic, has experienced a notable price surge of 449% within the past 30 days.

Brett (BRETT) Meme Coin Skyrockets 449% in 30 Days, MAGA and Pepe Also See Price Surges

A meme coin inspired by a character from the “Boy’s Club” comic has skyrocketed in price by 449% over the past 30 days, according to technical analysis indicators.

Named Brett (BRETT), the meme coin launched in February on the Base network and has rapidly gained attention.

Priced at $0.1893, it boasts a market capitalization of $1,877,886,551, making it one of the largest meme coins in the market.

This rapid rise highlights the speculative nature of meme coins and the potential for substantial gains, while also underscoring the inherent risks.

Technical indicators present a mixed outlook for BRETT’s future price movement.

While moving averages across all levels indicate potential gains ahead by being in the buying zone, and the MACD also aligns with this, projecting a price recovery, the RSI sits at 75.4, suggesting that BRETT might be overbought and overvalued, which could trigger a reversal in trend.

Other indicators like Momentum, Stochastic, and Commodity Channel Index point to a selling zone, indicating the potential for further price declines in the short term.

Despite these conflicting signals, technical analysis anticipates that BRETT could surge to as high as $0.2427 if it manages to rebound from its current correction.

The coin’s ability to sustain its bullish momentum and withstand selling pressure will be pivotal in determining its future price trajectory.

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Pepe (PEPE) — emblematic of the meme coin phenomenon — boasts a market capitalization reaching over $1.5 billion at its peak. Last August, concerns surfaced within the Pepe community when a substantial number of the frog-themed tokens were unexpectedly moved from the project’s wallet to exchanges, sparking doubts about its future.

However, the project has continued to hold strong. At the time of writing, Pepe is exchanging hands for $0.00001266, up by 52% in the past 30 days, with a market cap of $5,329,611,477, making it the 25th-largest crypto in the world, according to CoinGecko.

The MAGA meme coin, linked to former U.S. President Donald Trump, has experienced a substantial price surge. This surge is attributed to reports revealing that Trump directly holds millions of dollars worth of the token in his wallet. Based on CoinGecko’s data, the token has achieved a market capitalization of over $573 million. This remarkable increase is linked to the meme coin’s association with Trump, who has voiced support for cryptocurrency and blockchain technology. At the time of writing, MAGA is exchanging hands for  $12.39.

In recent months, the meme coin market has been witnessing a surge, with numerous coins attracting considerable traction and garnering investor attention.

This includes Dogwifhat (WIF), a meme token built on the Solana blockchain, which has seen substantial fluctuations, including surges to new all-time highs followed by subsequent declines.

For traders and investors aiming to capitalize on WIF’s price movements, several strategic suggestions are worth considering.

Firstly, it’s vital to monitor the resistance levels at $3.44 and $3.68 closely, as surpassing these levels might trigger additional gains.

Presently, Dogwifhat (WIF) is trading at $2.77, with its market capitalization sitting at $2,766,102,445. A decline below the $2.77 threshold could signal a possible shift toward bearish sentiment.

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