As meme coins are going through a revival of interest from traders and investors, some have missed out on the chance to accumulate cheap Pepe (PEPE), but the ever-growing cryptocurrency sector has an alternative that could become equally successful in the near future.
Specifically, a meme coin called Brett (BRETT), is demonstrating a “very good risk-to-reward ratio at the current levels,” and could rise by 80% in the near future, according to the observations by a renowned crypto trading expert Ali Matinez shared in an X post on April 4.
Indeed, as Martinez noted, if BRETT, a character inspired by Matt Furie’s ‘Boy’s Club’ comic, just like the PEPE meme coin, and touted as “Pepe’s best friend on Base Chain,” rebounds, it could rise “toward a new all-time high of $0.130.” As he also added:
Picks for you
“Meanwhile, the stop loss can be placed anywhere between $0.07 and $0.066, representing a 7% to 10% loss.”
As it happens, BRETT is a meme coin on Base, the Layer-2 blockchain developed by the team working at one of the largest crypto exchanges in the world, Coinbase, designed as a system to help Ethereum (ETH) work faster and cheaper. It launched in late February and has since soared nearly 7,300%.
BRETT price analysis
At press time, BRETT was changing hands at the price of $0.07227, which suggests a decline of 2.59% in the last 24 hours but nonetheless an impressive 19.78% advance across the previous seven days, and a gain of 86.86% accumulated on its monthly chart, as per data on April 5.
All things considered, BRETT, being the relative newcomer to the crypto playing field, could follow the path of its predecessor, the Pepe meme coin, which has recorded stellar increases since its inception. However, the situation in this sector can change, so doing one’s own research is important when investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
