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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 BRETT, POPCAT is one of the top gainers, rallying 26% to hit $0.496.
These price jumps show that the appetite for risk-on assets is back in full force.
While some remain skeptical, viewing it as a temporary spike, others see it as a sign that the meme coin market is back.
Bitcoin’s climb back above $60,000 makes this second idea seem more likely.
After dipping over the weekend, Bitcoin has rebounded, dragging the altcoin market up with it.
This bullishness is spreading over to the meme coin sector, too.
Ultimately, things are looking up for these joke tokens – and investors are interested to see if the uptrend has staying power or not.
Base Dawgz Smashes $3M in Presale as Multi-Chain Ambitions Fuel Demand
But the meme coin comeback isn’t just about familiar faces.
Base Dawgz, a new project on the Base chain, is proving there’s plenty of room for fresh ideas.
This project just smashed through the $3 million mark in its presale – and investors are scrambling for a piece of the action.
So, what’s got everyone so excited?
The main reason is Base Dawgz’s multi-chain ecosystem, which goes beyond the Base chain and aims to bridge the gap between networks.
Base Dawgz uses powerful tools like Wormhole and Portal Bridge to create a seamless experience across these networks.
It essentially means DAWGZ tokens can be used on Ethereum, Solana, Avalanche, BNB Chain, and more.
However, this multi-chain approach isn’t just for show.
It opens up a world of possibilities for integrations and DeFi applications that could make Base Dawgz the go-to token for those seeking flexibility.
There’s also a staking protocol for DAWGZ.
This protocol offers estimated annual yields of 812% – excellent for traders interested in generating some passive income.
And to round the ecosystem off, Base Dawgz even has a “Share-to-Earn” program, where community members are rewarded for creating viral content about the project.
Clearly, Base Dawgz’s team is building something special.
With meme coins on the rise again, this Base chain project is definitely one to keep an eye on.
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