BRETT Sets Sights on $10B Market Cap: Worth Investing?

Brett (BRETT), a new memecoin on the Base network, has caught significant attention this year. The coin now boasts a market cap above $1.66 billion, ranking as the 75th largest cryptocurrency. Since launching in 2023, BRETT has surged over 300%. 

BRETT’s Rapid Growth

Since March, BRETT has gained traction quickly, outperforming many altcoins and meme coins. The token peaked at an all-time high (ATH) of $0.235 on December 1. 

As of writing, BRETT trades at $0.167, showing a slight 1% gain in the past 24 hours. However, over the past week, the coin has dropped by 19%, likely due to profit-taking after its ATH.

Can BRETT's Market Cap Reach $10B?

Technical charts show a correction since BRETT hit its ATH. A descending triangle pattern is forming, often a sign of a short-term downtrend. However, the price has found support at $0.159. If it holds above this level, BRETT could bounce back, potentially reaching new highs.

However, the technical indicators show bearish signals. The Moving Average Convergence Divergence (MACD) is below the signal line, and the Relative Strength Index (RSI) is under 50. These suggest that sellers are currently controlling the market.

Despite the bearish momentum, BRETT’s price often follows Bitcoin and the broader crypto market. A potential rally in early 2025, driven by political shifts and institutional adoption, could give BRETT another boost. With a $10 billion market cap within reach, the token may see significant growth.