Traders Abandon Old Crypto Stars: Dogecoin and Shiba Inu Sold for the Latest Viral Cryptocurrency Sensation
In the ever-evolving world of cryptocurrency, a new player is making waves, capturing the attention of traders and investors alike. Layer Brett, represented by the Brett Coin ($BRETT), is a memecoin and the official mascot token of the Base Chain, recognised as an exciting newcomer in the meme market. Its potential lies in the combination of meme factor with the support of the Base Blockchain and its associated decentralised applications, making it the next potential token in the meme market.
Layer Brett's presale price currently stands at $0.0053, and the fundraising round has already surpassed $2 million, indicating substantial support from both retail and wholesale traders. This substantial backing is a clear sign of the market's confidence in Layer Brett's potential for significant profit and compelling reasons.
The balance of meme appeal and practical application sets Layer Brett apart from other hype coins. While the prices of Dogecoin and Shiba Inu have taken a hit, with Dogecoin's price falling by almost 24% since reaching a multi-month high of $0.28 on July 21, and Shiba Inu's price plunging over 60% from its November highs, Layer Brett remains steady, offering a potential opportunity for high rewards for cryptocurrency diversifiers beyond Dogecoin and Shiba Inu.
Binance, the leading cryptocurrency exchange, recently received 900 million DOGE, valued at over $200 million. However, there has been a 6% reduction in Dogecoin wallets holding $10 million to $100 million since late July, and daily active addresses for Dogecoin have plummeted to 58,000 from 674,500 in July. Meanwhile, Shiba Inu's daily transactions on its layer-2 network, Shibarium, have dropped by 99.8%.
Layer Brett's Layer 2 infrastructure optimises transactions for speed, cost, and scalability on the Ethereum network, making it an attractive choice for traders seeking a more efficient and cost-effective cryptocurrency. The total supply of Layer Brett is capped at 10 billion tokens, and after launching on key exchanges, short-term estimates for Layer Brett's price are above $2.
Long-term predictions for Layer Brett's price reach $5 or more as the bull market strengthens, making it an exciting prospect for those looking to invest in the future of the meme market. With its unique blend of meme appeal and practical application, Layer Brett is poised to make a significant impact in the world of cryptocurrency.
Read also:
- Understanding Hemorrhagic Gastroenteritis: Key Facts
- Stopping Osteoporosis Treatment: Timeline Considerations
- Trump's Policies: Tariffs, AI, Surveillance, and Possible Martial Law
- Expanded Community Health Involvement by CK Birla Hospitals, Jaipur, Maintained Through Consistent Outreach Programs Across Rajasthan
