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ThecoinrepublicCryptocurrencyMemecoins (BONK & BRETT) Poised For Potential...
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Memecoins (BONK & BRETT) Poised For Potential Gains: An Outlook

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Over the past few sessions, the crypto market displayed a downtick, triggering panic among investors. Bitcoin continues to be sluggish, altough memecoins recovered a large portion of their strength in the past week.

With their funny beginnings and viral potential, memecoins carved out a special place in the crypto market. Meanwhile, two memecoins, BRETT and BONK, looked bullish.

These memecoin titans, influenced by internet culture and distinguished by community-driven momentum, are praised for their ability to outperform in such situations.

Solana-Based BONK Exhibits Upside Potential

Around 649,000 wallets hold BONK at the time of writing.

Unlike other memecoins, BONK is actively developing new products and persists in developing projects related to NFTs. Moreover, it is accepted as a payment within several Solana projects, where one can pay with BONK to mint NFTs.

Last week, the token gave a surprising reversal and climbed the key moving averages. At press time, BONK was trading at $0.0000265 with an intraday surge of over 10.28%, revealing bullish momentum on the chart.

A tweet by @Coinguru mentioned in his post that BONK is ready to kickstart another bullish wave soon.

Source:X

It is poised for a rise and is likely to reach the $0.00003000 mark in the next few sessions. Recently, it gave a fake out and faced rejection, but this time, buyers looked confident and gained traction, so a breakout is expected.

Keep an Eye on Base- Network BRETT 

BRETT, a meme coin on the Base network, showcases a character from Matt Furie’s Boys’ Club comic. After its release in February 2024, BRETT took the place of the largest meme coin on the Base network in terms of market capitalization and became BAYC’s PEPE’s friend on BASE.

At press time, BRETT was trading at $0.1649 with an intraday gain of 3.28%, reflecting buying momentum on the charts. 

Source: TradingView

Source:X

The BRETT memecoin traded in an uptrend and decisively held gains in the upward trajectory, making it a strong contender to outperform in the upcoming sessions.

Despite its new ATH mark this month, the memecoin still has potential and might extend the rally.

After May 2024, BRETT gained traction, triggered a massive rise of over 400%, and marked its all-time-high (ATH) at $0.1939 this month.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Steve Anderrson
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralization, understanding the true potential of the blockchain.
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