In the whirlwind resurgence of cryptocurrency, the world’s attention has once again turned to the digital asset space. Bitcoin’s triumphant break of its all-time high in the first week of March has ignited a fervor, with ETF approvals coming fast and furious, sending everyone scrambling to secure their positions in this ever-evolving game.
The realized profits and losses (PNLs) from this latest run have been nothing short of staggering, prompting even seasoned managers at Blackrock to take notice. Among the key players in this renewed frenzy are the major exchanges, each vying for a strategic foothold in the market.
Coinbase, renowned as the leading regulatory exchange in the crypto sphere, made waves in 2023 with the launch of Basechain. This week, they made another significant announcement, unveiling their new smart wallet and unveiling ambitious plans to onboard over one billion users onto their chain.
Inevitably, retail investors have returned to the fray, flocking especially to the well-known meme coin leaders such as DOGE, SHIBA, WIF, PEPE, and FLOKI, all listed on Binance and experiencing notable performance boosts during this rally.
As speculation swirls around which name will emerge as the leader on Coinbase’s Basechain, one contender has captured considerable attention throughout March: BRETT. Created by Matt Furie, the same mind behind PEPE, BRETT resonates deeply with the ‘crypto degen culture,’ sparking excitement among enthusiasts.
For those skeptical of the power of meme culture in the crypto space, a noteworthy aspect of this resurgence is how BRETT’s popularity coincides with Coinbase’s Basechain announcement. This alignment has further fueled the anticipation surrounding BRETT’s potential rise, hinting at a symbiotic relationship between meme culture and institutional endorsement.
Traders and retail investors alike have begun speculating that BRETT could mirror the success of PEPE and WIF, particularly given the backdrop of Coinbase’s latest announcement. Legacy markets and institutional money appear undeterred by the meme coin’s ascent, as evidenced by the sustained volume in the market.
The untapped potential for a meme leader on Basechain is palpable, with BRETT hitting the 650M mark in the first week of March alone. With the combination of being a potential frontrunner on a new chain and the backing of Coinbase’s announcement, BRETT may well be poised to join the ranks of crypto legends.
Check out BRETT at:
X: https://twitter.com/basedbrett
Website: https://www.basedbrett.com/