In our latest BRETT price analysis, discover the leading cryptocurrency, BRETT, rising after the Seamless Protocol merger. Also find out why all eyes are on PLAY in the ongoing PlayDoge preview.
Meme coins on fire. Take PEPE on Ethereum for example. Not only did it break to all-time highs in May, but analysts expect the impressive upward trend to continue.
Although the Shiba Inu remains the second most valuable coin, a sharp expansion in the valuation of other meme coins and a stagnation in SHIB may narrow the gap.
While everyone was bullish on the BRETT bottom for the dollar, I was openly buying. https://t.co/OEiMeECVCO pic.twitter.com/MullBJY8XK
— Mister Crypto (@misterrcrypto) June 3, 2024
When PEPE token rose and DOGE token stalled, investors were closely watching BRETT, the largest meme token on the second base layer.
Brit Price Analysis: Leading memecoin on the verge of a tear – 380% surge in 2 months
Not only is BRETT on a tear, but following gains in the last week of May, the token crossed the $1 billion market cap line: a huge accomplishment.
At press time, the token is trading at around $0.09, up more than 380% from its March 2024 lows.
(Brett)
The token rises after its integration with the Seamless Protocol. The DeFi platform is native to Base and allows users to lend and borrow. Lenders receive a return, while borrowers, as expected, pay a higher interest rate on their unreliable loans.
As of writing on June 3, the protocol’s total TVL stands at over $78 million.
This integration could be the start, explaining why BRETT is holding steady while the broader cryptocurrency market struggles to make gains.
Bitcoin, Ethereum, and Solana are still below major resistance levels. Some analysts are even starting to question the upside, with many arguing that the peaks have been reached.
Although there are caps to the upside, especially in BTC and SOL, BRETT’s success is why investors are also looking at PlayDoge, a newly launched for-profit (P2E) meme coin.
Discover: Best Solana Meme Coins You Can Buy in June 2024 – Beginner’s Guide
Find out also: Is PlayDoge ready for 100X?
Play Doggie Inspired by the Tamagotchi, the playful elements of the meme are woven into the popular game.
PlayDoge players raise and care for virtual pets, earning gameplay through interaction and mini-games.
Being a P2E game, the more they play, the more they earn. PLAY, a BEP-20 token deployed on the BNB chain, is central to the PlayDoge ecosystem.
Holders can cash out the money if they want or use it to purchase other in-game items. However, most of them are betting PLAY for 235% APY as it currently stands.
More than 79 million games have been bet on.
The extremely high APY explains why the demand for PLAY is so huge. To date, the PlayDoge pre-sale has raised more than $1.3 million, with each code available for $0.00502.
Only 4.7 billion plays (50% of total supply) were allocated for this pre-sale.
Given the success of Tamagotchi and the huge success of meme currencies like BRETT, YouTube influencers believe that PLAY could rise 100-fold in the coming months, especially after the listing.
Buy Play here
Find out: $8 Billion in Crypto Options Set to Expire Today – Here’s What It Means for the Market (You Might Be Surprised)
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.