Market Bulls Flock to Meme Coins Like BRETT

Meme Coin Market Sees Influx of Bulls

Amidst the overall positive market sentiment, buyers are flocking to meme coins, including BRETT. Last week, the total market capitalization of meme coins surged by 1%, reaching $68.8 billion, largely driven by the performance of PEPE.

BRETT Surpasses $1 Billion Mark

BRETT has gained significant momentum, recently surpassing the $1 billion mark. Intraday trading has shown some profit-taking, but overall, BRETT's price has risen by 17.4% during the week to $0.139.

BRETT's weekly growth stands at 43.8%, while its monthly increase is an impressive 253%, supported by CoinGecko data. The token's resilience against short-term market corrections has attracted bullish sentiment.

As of writing, BRETT has a market cap of $1.374 billion and a 24-hour trading volume of $145 million. Bulls remain optimistic about BRETT's future, and token accumulation continues to drive short-term gains.

PEPE Shows Signs of Weakness

PEPE, which made headlines recently, has seen a decline in short-term trading, dropping by 3.8% daily. The rise of new meme coins may have contributed to PEPE's recent decline, although its long-term prospects remain positive with a monthly gain of 77% and an annual growth of 1055%.

Despite PEPE's higher trading volume compared to BRETT, on-chain data indicates that BRETT is attracting more attention among investors.

Analyst Outlook

Market analysts suggest that the accumulation of cryptocurrencies, particularly meme coins like PEPE and BRETT, could indicate a potential market recovery. Economic factors such as the possibility of interest rate cuts in the US may also drive long-term entries into risky assets like cryptocurrencies.