BRETT Rises 50% Following The Listing Announcements From Binance And Upbit
Release: 2024/08/22 00:29 Reading: 930
Brett Experiences a Surge Following Binance and Upbit Listings
Brett, a prominent meme coin, has experienced a significant surge in value after Binance and Upbit, two major cryptocurrency exchanges, announced its listing.
The announcements have created positive sentiment within the Brett community, indicating progress towards becoming a mainstream meme coin.
Binance's Listing
Binance has announced plans to launch Brett perpetual contracts on its futures platform, offering margin trading with up to 50X leverage. This move will increase Brett's exposure within the Binance ecosystem.
Upbit's Listing
Upbit, the largest cryptocurrency exchange in South Korea, has also listed Brett, making it available for trading with the USDT pair on the Base and Ethereum chains.
Market Reaction
The news of Brett's availability on these major exchanges has sparked excitement in the market. The meme coin saw a notable price increase, rising from $0.077 to a 24-hour high of $0.1167. However, prices have since pulled back to around $0.093.
Future Potential
While the pullback may indicate that bulls are not yet dominant, there are promising indicators to consider:
- Brett has been trading within a wedge pattern, approaching the breakout or breakdown zone.
- Its current price represents a 52% discount from its June high, presenting an attractive opportunity for investors.
- The Binance and Upbit listings could provide the necessary liquidity for a bullish outcome.
- Brett has the potential to become the next meme coin to surpass the $1 billion market cap threshold.
Conclusion
Brett's recent rally and positive attention from major exchanges have positioned it as a meme coin to watch in the coming months. Whether it joins the ranks of top meme coins like Shiba Inu and Dogecoin with billions in market cap remains to be seen.
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