BRETT Hits $1B Market Cap But 'Has Not Even Scratched The Surface,' Says Trader

Benzinga · 06/03 11:06

The meme coin craze continues as BRETT (CRYPTO: BRETT), launched just three months ago in February 2024, has surpassed a $1 billion market capitalization.

What Happened: This rapid growth puts BRETT in the company of other popular meme coins like Dogecoin (CRYPTO: DOGE) and PEPE (CRYPTO: PEPE), which took considerably longer to reach the same milestone.

“We haven't even reached the beginning for $BRETT growth,” said $BRETT trader Crash. “A market cap of $1 billion doesn't even begin to scratch the surface of where this coin will go.”

According to his analysis, top meme coins could hit a market cap of $40 billion in this bull run.

Over the past 30 days, BRETT is up 142%, trading around $0.10 at the time of writing. For comparison, Dogecoin is up 6.6% over the same time frame, while Pepe is up 75%. However, Dogecoin’s market capitalization is 23x that of Brett, while Pepe’s 6x bigger.

This spring has seen significant momentum for $BRETT, particularly with its recent availability on Seamless Protocol, a DeFi protocol for Base, Coinbase's Ethereum Layer-2 blockchain.

Additional positive indicators include crypto ETF approvals and futures trading for Dogecoin on Coinbase Derivatives, fueling further optimism for BRETT’s future growth.

Benzinga future of digital assets conference

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BRETT, created by Matt Furie, who also inspired the popular PEPE meme coin, has a fixed total supply of 1 billion tokens.

With a 6% transaction tax distributed to liquidity pools and burned tokens, the coin aims to reduce supply and potentially increase in value over time.

What’s Next: For more insights into the evolving digital assets landscape, including developments like the rapid rise of meme coins, industry leaders will discuss these topics at the Benzinga Future of Digital Assets event on Nov. 19.

This event will offer a comprehensive look at the future of digital assets and the trends shaping the market.

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