Market bulls have started flocking to many meme coins, including BRETT, following the existing positive outlook. Last week, the market value of meme coins, led by PEPE, rose to $68.8 billion, marking a 1% increase. So, what is happening with PEPE, which made headlines last week, and BRETT, which recently surpassed the $1 billion mark?
BRETT Price Rises
Although the weekly market movements show a positive outlook for meme coins, intraday trades reflected some exits at times. BRETT price increased by 17.4% during this period and is trading at $0.139, driven by the market’s rise.
BRETT’s weekly growth indicates a 43.8% increase, while monthly figures show a 253% rise according to data provided by CoinGecko. BRETT attracted bullish sentiments by defying short-term market corrections.
As of the time of writing, BRETT’s market value is $1.374 billion, with a daily trading volume of $145 million. Bulls are known to have higher price expectations for BRETT, and the token accumulation driven by this continues to attract attention for short-term gains.
Sales Continue for PEPE
When examining PEPE, which made headlines in recent weeks, it is noticeable that short-term trades show signs of decline. PEPE appears to have experienced a 3.8% drop in daily trades.
The rise in PEPE seems to have given way to the rise in new meme coins. However, the long-term outlook for PEPE still shows a 77% monthly increase and a 1055% annual growth.
Although PEPE’s trading volume is significantly higher than BRETT’s, on-chain data reveals that BRETT is attracting more intense interest.
Many market analysts emphasize that this accumulation in cryptocurrencies, especially in PEPE and other horizontally trading meme coins, could trigger a return and rise. Other economic factors, such as potential interest rate cuts in the US, could also increase entries into cryptocurrencies, which are considered risky assets, in the long term.
