Brett Price Prediction as Meme Coin Hits $1.2 Billion Market Cap – 100x Possible?
The Brett (BRETT) price is pumping on Wednesday, with the market cap of the leading Base meme coin having surged above $1.2 billion this week as risk appetite across crypto markets picks up.
BRETT, which originated from the same comic as Pepe Coin (PEPE), was last trading around $0.122, as per DEXTools.
Raised by Brett pic.twitter.com/18Vc6uCNhF
— Brett (@BasedBrett) June 4, 2024
The meme coin has surged in recent days following successive US data releases that have strengthened Fed rate cut bets.
Swelling spot Bitcoin ETF demand, plus narratives surrounding Brett becoming the first billion-dollar meme coin on Base, also helped.
Bitcoin ETF flows. pic.twitter.com/gU4zl9dbRc
— zerohedge (@zerohedge) June 5, 2024
Brett currently has 77,000 followers on X. That is nearly 10x less than Pepe Coin, yet Brett has now amassed a market cap of over 20% of Pepe’s.
That could suggest that Brett is becoming a little overvalued relative to the size of its community.
The Brett price is up a staggering more than 1,000x from its launch price of around $0.00012.
But its now bloated market cap reduces the scope for further gains. Yes, if its community continues to grow rapidly, hitting half a million then a million in the coming years, it could reach a valuation of $10 billion or more.
So, yes, the Brett price could still 10x. But could it 100x to above $100 billion? That’s doubtful.
Traders hunting 100x gains would be better off looking for newly, less-established meme coins.
The trick for 100x hunters is to catch a coin early before it gets hyped.
And a new Base meme coin called Base Dawgz (DAWGZ) has caught the attention of analysts at Cryptonews, who now rank it as one of the 15 best meme coins to buy in June.
Investors must always remember that all
Read more on cryptonews.com
