Brett has pumped 14% today, bringing its monthly gain to 121%. So, is now a good time to buy, or should traders wait for a pullback first?
Another meme coin showing strength this week is Flockerz. Could this be a potential Brett alternative?
Base Season Incoming, Good News For Brett
The Coinbase ecosystem is preparing for a surge in activity.
Capital is pouring in. The network’s total value locked (TVL) has grown by 48% this month and now sits at $4.2 billion.
Meanwhile, Base’s Dune Analytics dashboard shows that user transactions have skyrocketed recently.
This is happening shortly after Solana’s leading wallet, Phantom, added support for Base, opening the chain to crypto’s most active blockchain community.
All of this is good news for Base, showing steadily increasing adoption. As adoption grows, so does ecosystem liquidity. That’s why Brett’s price has pumped this month – and it seems that this trend will only continue in the months ahead.
And on that, analyst Crash underscored that Base’s total user count hit 15 million recently.
He notes that Base network’s creator, Coinbase, aims to bring 1 billion people on chain.
And with Brett being Base’s front-running meme coin, he suggests it could see huge gains, potentially over 20x its current price.
Brett’s fundamentals undoubtedly point to an uptrend continuation, but what does the price chart say?
50% Rally Incoming On Bull Flag Breakout
According to Cousin Crypto, Brett’s recent move has broken out from a “bull flag” chart pattern to the upside, which gives a target of more than a 50% gain.
The analyst says Brett’s market cap can reach $3 billion if it holds above the bull flag pattern.
Similarly, analyst Guru.Assymetery notes that Brett has broken above a key resistance level and provides price targets of $0.33 ($3.3 billion market cap) and $0.49 ($4.9 billion market cap).
However, he says that these are near-term targets and that a “liquid 5x” is a conservative target for the bull run peak.
In addition to its chart strength, the analyst argued the reason for this prediction is “its positioning being so poignant and Base being so powerful as a ‘catch-all’ for new participants firing up Coinbase accounts.”
He continued, “As Base volume increases, Brett will naturally appreciate in a value flywheel effect.”
There’s a lot of momentum behind Brett right now, and it shows no signs of slowing down. Those awaiting a lower price may be left empty-handed. Brett could certainly hit $0.3 before any potential slowdown occurs.
But it’s the same news for Flockerz, a new decentralized autonomous organization (DAO) meme coin undergoing a presale, where the price will keep rising.
Analyst Says Flockerz Is the Next 100X Meme Coin
Flockerz brings something new to the meme coin sector, not just through its quirky bird-themed artwork but also its “Vote-to-Earn” DAO.
One of the things many meme coins are criticized for (Brett included) is that they’re run by self-appointed, centralized teams that make all the decisions. This doesn’t exactly follow Satoshi Nakamoto’s tenets, does it?
But Flockerz gives its community complete control via the FlockTopia DAO. They’ll decide everything big and small – even how the project’s treasury is spent.
Users get paid every time they vote. This gives everyone “skin in the game,” incentivizing them to make decisions that best serve the project’s success since it’ll increase the value of their rewards.
Users can also stake their $FLOCK for passive rewards.
Flockerz isn’t just a meme coin. It’s an experiment to see what happens when you give complete autonomy to a community.
And it’s drawing massive attention. The presale has raised $4 million, and prominent trader Jacob Bury has even tipped it to 100x.
The $FLOCK presale price is currently $0.0061997, but this will rise throughout the ICO.
The next increase will occur in two days.
