TL;DR
BRETT, a frog-themed meme coin, has surged nearly 400% in the past month, reaching a market cap of $1.7 billion. Analysts and ChatGPT believe it could outperform PEPE if current trends continue. BRETT opportunities
The cryptocurrency market jumped in the middle of the week, and the meme sector contributed significantly to this bullish trend. Numerous such assets are in the green on the seven-day scale, while the cohort’s market capitalization approached $70 billion before falling to $61 billion after Friday’s drop.
One such token that has become the rock star of crypto in recent weeks is the frog-themed Brett (BRETT). Its value is increasing by almost 400% monthly, recently reaching an all-time high of $0.17 (according to CoinGecko data).
Price BRETT, Source: CoinGecko
BRETT’s market capitalization rose to $1.7 billion, making it the 69th largest cryptocurrency and the 7th largest in its realm. As such, we asked ChatGPT if its rise will continue in the near future and if it can overtake the main frog-themed meme currency Pepe (PEPE).
The popular AI-powered chatbot estimated that change is possible, assuming certain factors are in place. He pointed out that BRETT is the main meme coin on the Base chain, which is supported by the crypto exchange Coinbase.
“BRETT’s partnership with the Base chain and its growing community support make it a strong contender to flip PEPE, especially in a bull market scenario,” added ChatGPT.
The chatbot predicted a further rise in the price of the meme coin should it get additional support from exchanges. KuCoin, Bitget, BitMart and Uphold are some of the companies that have already allowed services to be traded with BRETT.
One analyst who believes a Binance listing is on the cards is Mac user X. In his opinion, the largest crypto exchange could jump on the bandwagon if BRETT’s trading volume maintains its levels.
Despite its impressive performance, the asset’s market capitalization is still far from that of its rival. PEPE’s market cap briefly topped $7 billion in late May before returning to its current level of roughly $5.1 billion.
Entering $1?
BRETT’s rise caught the attention of many analysts, some of whom think the bull run is far from over. Crypto Rover, a popular X user with more than 700,000 followers, stated that the uptrend is “not going to stop anytime soon”, and predicted $1 as the next price target.
Crash was also bullish, recalling PEPE’s market cap rise from $300 million to more than $7 billion. “Now watch BRETT do it,” they argued.
SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).
2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!