Is BRETT crypto the Shiba Inu of Base? What experts have to say

• 2024 sees memecoins like Brett shine with a 186.43% monthly price increase.
• Despite short-term bearish trends, Brett demonstrates significant bullish momentum.

The year 2024 has witnessed a wave of cryptocurrency adoption, with Bitcoin [BTC] surging to nearly $73K in March, alongside a significant rise in various altcoins.

However, it’s the memecoins that have truly made headlines. Among these, the Solana [SOL] network stands out, having seen the most memecoin launches, many of which have achieved significant success.

Additionally, it’s also worth noting that, the rise of memecoins on the Base chain has also garnered significant attention.

Brett tops the Base memecoin chart

Amidst this phenomenal performance, the standout memecoin on the Base chain was Brett [BRETT] which saw a 186.43% increase in the past month, according to CoinMarketCap.

However, with a recent 10.7% decline in the past 24 hours according to CoinGecko, BRETT crypto’s daily and weekly charts look bearish.

Yet, despite the current price showing notable selling pressure, the Relative Strength Index (RSI) indicates a strong bullish sentiment, remaining above the neutral level at press time.

Source: TradingView

In fact, as per TradingView data, June witnessed multiple instances of BRETT lying in the overbought zone, showing extremely strong buying pressure.

This has resulted in many execs believing that Brett is becoming the Shiba Inu [SHIB] of the Base blockchain. 

Expanding on the topic, a crypto analyst on X (formerly Twitter) named – ‘Crash’ suggested, 

“$BRETT is at .15 cents today. And it’s going to $8.00-$15.00 dollars this bull run. Take advantage.”

Reiterating the same, @Poe_Ether took to X and said, 

Source: Poe/X

Brett vs. Others

AMBCrypto further validated this by comparing other memecoins across various networks and found Brett’s monthly performance was outpacing many other memecoins. 

According to CoinMarketCap, the top Solana-based memecoins Dogwifhat (WIF) and Bonk [BONK] fell by 32.31% and 35%, respectively on the monthly charts.

Additionally, the leading Ethereum [ETH]-based Dogecoin [DOGE] and SHIB dropped by 24.05% and 31.22% over the past month.   

Thus, with BRETT close to breaking the resistance level at $0.159, the memecoin appears ready for a bull run.