In the meteoric resurgence of cryptocurrencies, the world's attention has once again turned to the digital asset space. Bitcoin's triumphant breakout from its all-time high in the first week of March sparked a fervor, with ETF approvals arriving fast and furious, sending everyone scrambling to secure their positions in this ever-changing game. evolution.
The realized profit and loss (PNL) from this latest series has been nothing short of staggering, prompting even veteran Blackrock managers to take note. Key players in this renewed frenzy include the major exchanges, each vying for strategic position in the market.
Coinbase, recognized as the leading regulatory exchange in crypto, made waves in 2023 with the launch of Basechain. This week they made another big announcement, unveiling their new smart wallet and unveiling ambitious plans to onboard over a billion users to their channel.
Inevitably, retail investors returned to the fray, flocking in particular to well-known meme coin leaders such as DOGE, SHIBA, WIF, PEPE and FLOKI, all listed on Binance and enjoying notable performance improvements over the past year. this rally.
While speculation swirls around who will become the leader of Coinbase's Basechain, one competitor has attracted considerable attention throughout the month of March: BRETT. Created by Matt Furie, the same mind behind PEPE, BRETT deeply resonates with “degenerate crypto culture,” sparking enthusiasm among enthusiasts.
For those skeptical of the power of meme culture in the crypto space, one notable aspect of this resurgence is how BRETT's popularity coincides with Coinbase's Basechain announcement. This alignment further fueled anticipation around BRETT's potential ascension, hinting at a symbiotic relationship between meme culture and institutional approval.
Retail traders and investors have begun to speculate that BRETT could mirror the success of PEPE and WIF, especially against the backdrop of Coinbase's latest announcement. Traditional markets and institutional money appear undeterred by the meme coin's rise, as evidenced by the market's sustained volume.
The untapped potential of a leading meme on Basechain is palpable, with BRETT reaching the 650 million mark in the first week of March alone. With the combination of being a potential leader on a new chain and the support of Coinbase's announcement, BRETT might just be poised to join the ranks of crypto legends.
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Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered investment advice. Always do your own research before deciding to buy, sell or transfer crypto assets. Past returns do not always guarantee future profits.