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Home Benzinga

BRETT Leads the Charge as Meme Coins Dominate Base Ecosystem

New York Tech Editorial Team by New York Tech Editorial Team
December 17, 2024
in Benzinga
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BRETT Leads the Charge as Meme Coins Dominate Base Ecosystem
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The crypto market is having a blast right now, with Bitcoin in the lead. As BTC price surges past $98,000 to hit a new high, the entire digital asset space is rejoicing. As the total crypto market cap surpasses $3.335 trillion, the industry is being injected with renewed enthusiasm and capital. 

Leading this frenzy are meme coins, which have captured significant mind share, so much so that it has been the most popular and profitable narrative this cycle. 

Amidst this mania, BRETT has emerged as one of the most prominent projects.

Based on the legendary character from Matt Furie’s Boys’ Club comic, this meme coin has seized the market attention with gains and dank memes. 

But there’s more. This memecoin community is also involved in several philanthropic efforts, which makes BRETT a wholesome project that is leading one of the most popular blockchains in the market.

Beyond its numbers and community strength, BRETT’s influence extends into how it connects with people through its standout content. Its mix of humor, sharp takes, and cultural relevance really clicks with younger audiences, so much so that it gets shared around in all kinds of circles—not just among crypto enthusiasts. It’s relatable, fresh, and keeps up with trends, which is why it feels less like “crypto content” and more like something everyone can connect with. Follow them on Telegram and X.

BRETT’s Got A Solid ‘BASE’

BRETT is built on the shiny new blockchain, Base, which is the product of Coinbase, one of the oldest participants in the crypto industry. 

Last year, Coinbase launched its Ethereum Layer 2 to tackle the issue of scalability on the Ethereum network, only to rush past it to become a user favorite thanks to its economic superiority and strong backing.

To offer people a faster and cheaper on-chain experience, this L2 utilizes optimistic rollups, which processes transactions off-chain and batches them together before sending them to the Ethereum mainnet. At the same time, Base leverages the security of the L1, which makes this L2 scalable and secure. 

Then there’s Coinbase, the largest crypto exchange in the US, which boasts a 12-year long history, a large user base, and resources to help Base expand its market presence. This combination of technical benefits and Coinbase support has Base gaining so much traction that it has already become the 2nd most popular network this year. 

According to a recent CoinGecko report, Coinbase’s Base has 16.8% investor interest, an increase of more than 5x since the first quarter. Also, among Ethereum L2s, Base has captured 9x more interest than the next most popular L2 Arbitrum.

This growing interest in Base is evident from the fact that Base TVL has climbed to a new high of $3 billion while its weekly transactions are hitting a peak of 47 million. Over the last weekend, Coinbase-supported Base also achieved the milestone of completing 1 billion transactions. 

All these new records are the result of meme coin activity, which has exploded across Base and is being led and dominated by BRETT.

Leading the BASE Meme Coin Mania

With a market cap of $1.55 billion, BRETT is among the top 100 cryptocurrencies in the entire industry and the biggest meme coin on Base. 

The collective market of meme coins on the Base blockchain is $2.7 bln, which means BRETT dominates more than half (57.4%) of this sector. There’s simply no other meme coin that touches the same level of interest and growth that BRETT has captured on Base.

Despite its growth, BRETT continues to offer a low entry point of $0.1673, making it an attractive investment option for traders, newcomers, meme coin enthusiasts, and the broad retail space. This low barrier to accessibility is due to BRETT having a maximum supply of just under 1 billion, most of which is already circulating in the market. As a result, there is no concern about a constant increase in supply or unlocks adding to sell pressure. 

At its current price, BRETT is trading 15.4% away from its all-time high of $0.1934, which was hit last week amidst the ongoing bull mania. 

As the market continues to get high and the meme coin trend gets hotter, it is creating a positive feedback loop, as we are already seeing with Bitcoin — prices go up, more investors join in, which makes prices go even higher.

Meme coin prices, in particular, are also fueled by the likes of Coinbase and Robinhood entering the meme coin realm. With BRETT being the unofficial mascot of the Base chain, the market is actually expecting it to be the next Coinbase listing.

So, against this bullish background, the leading Base meme coin BRETT, with its strong foundation, supportive community, and solid numbers, is all set to rally the meme coin craze that’s fast overtaking the crypto space!

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