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Brett and Dawgz surge as meme coins rebound

GrafaGrafa2024/08/21 04:30
By:Mahathir Bayena

Meme coins are experiencing a notable resurgence, with Brett (CRYPTO:BRETT) and Base Dawgz (DAWGZ) leading the charge. 

In the past day, BRETT, a meme coin on the Base network, surged by 25%, recovering from a previous downtrend.  

The coin, currently trading at $0.093, peaked at $0.116 before settling slightly.  

This price movement is a result of heightened interest following Binance’s announcement of BRETT perpetual contract, which has driven a massive 274% increase in trading volume.  

The rally has positioned BRETT at the top of CoinMarketCap’s gainers list.  

The broader meme coin market is also rallying.  

Tokens such as DOGE (CRYPTO:DOGE) and SHIB (CRYPTO:SHIB) have seen gains of 5% and 3% respectively, while WIF (CRYPTO:WIF) and FLOKI (CRYPTO:FLOKI) have increased by over 12%. 

POPCAT (CRYPTO:POPCAT), another notable performer, has risen by 26% to $0.496.  

This widespread recovery is attributed to Bitcoin’s rebound above $60,000, which has positively impacted the altcoin and meme coin markets.  

In addition to BRETT's impressive performance, the new meme coin Base Dawgz (DAWGZ) has also made waves.  

The project’s presale has raised $3 million, reflecting strong investor interest.  

DAWGZ stands out for its multi-chain capabilities, allowing tokens to be used across various networks including Ethereum (CRYPTO:ETH), Solana (CRYPTO:SOL), Avalanche (CRYPTO:AVAX), and BNB Chain (CRYPTO:BNB).  

The project features a staking protocol with an estimated annual yield of 812% and a “Share-to-Earn” program to incentivize community engagement.  

As meme coins gain traction once again, both BRETT and DAWGZ are setting themselves up as key players in this evolving market.  

Investors are closely watching to see if the current momentum can be sustained, given the renewed appetite for risk-on assets in the crypto space.

At the time of reporting, the Brett price is $0.08863.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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