This trending coin explodes on the new ATH list following KuCoin

TL;DR

A recently emerged frog-themed meme coin hit a new all-time high of $0.14, with a market cap that briefly topped $1.4 billion. Meme coins are experiencing significant interest, bringing the sector’s global market cap to nearly $70 billion. However, its high volatility poses a substantial risk to traders. The last Rally

While the prices of most cryptocurrencies have consolidated or retreated slightly in the past 24 hours, some assets continue to post substantial gains. One example is the frog-themed meme coin Brett (BRETT), which hit a new all-time high of over $0.14 (according to CoinGecko data). Its market capitalization briefly topped the $1.4 billion mark before settling at its current level of $1.35 billion.

Price BRETT, Source: CoinGecko

The impressive spike in the asset coincided with KuCoin’s decision to introduce the BRETT/USDT trading pair. In addition, the company offered a gift of 1,200,000 BRETT to celebrate the initiative. Users will receive a certain amount of tokens as rewards for each guest they bring.

Other leading cryptocurrency exchanges that previously allowed services with the asset include Bitget, BitMart, Gate.io and more.

Crypto X is full of users predicting that BRETT’s bull run is nowhere near its end. The cryptocurrency investor using the handle STASHER highlighted the asset’s performance and predicted a further rise to $0.20 “before retracing.”

“This looks like THE lowest risk memecoin investment that is really giving me DOGE, SHIBA and PEPE vibes,” the analyst added.

Andrew Kang also chimed in, stating that BRETT “is showing strength and it looks like the $0.20 magnet is sooner rather than later.”

Last week, Crypto Rover, an X user with over 700,000 followers, revealed that he has exposure to the asset, saying that his price bomb has given him substantial profits (at least on paper).

The Overall Meme Coin Mania

BRETT isn’t the only meme coin taking center stage lately. The kingdom’s market cap is approaching $70 billion, with Pepe (PEPE), Floki Inu (FLOKI) and many PolitiFi tokens witnessing impressive peaks.

While offering traders the chance to make substantial profits in a short period of time, trading meme coins can also lead to horrendous losses due to the infamous volatility of the asset class. Those about to enter the ecosystem should watch our dedicated video to guard against some common mistakes:

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