Price Surge: 7% Jump After Binance Futures, Is This Meme Coin the Top Crypto Buy Now?

Binance Futures Launch Impact

The meme coin’s price spiked following the announcement by Binance, the world’s largest crypto exchange by volume. Binance revealed that its Futures platform would begin offering USDT-Margined BRETT Perpetual Contracts starting at 10:35 UTC on August 20. This new offering allowed users to trade BRETT with up to 50x leverage.

Simultaneously, the South Korean cryptocurrency exchange Upbit listed Brett, along with Pepe, the third-largest meme coin by market cap. The initial listing led Brett’s price to exceed $0.1, but it later corrected and is now trading around $0.090, following a period of sideways movement.

Brett Price Prediction

Despite the recent volatility, including the significant price surge and subsequent correction, the Brett price has shown relative stability. In the last 24 hours, Brett’s Bollinger Bands began to widen, indicating a potential new increase in value. This bullish signal was reinforced by the rising Relative Strength Index (RSI), which approached 70.

However, the RSI’s slight drop before reaching 70 suggests that traders may be taking profits early. This could indicate limited optimism for a price return to $0.1, with traders preferring to cash out quickly. Although some traders may still be bullish, the broader crypto market’s current bearish trend could result in minor fluctuations for Brett. If bearish sentiment persists, the token might break its new support at $0.090 and drop towards its previous support at $0.080.

Promising Alternative: Base Dawgz (DAWGZ)

Another meme coin gaining traction is Base Dawgz (DAWGZ), which is approaching $3 million in funds raised through its ICO. Like Brett, DAWGZ is a meme coin developed on the Base blockchain, but it also aims to be a multi-chain cryptocurrency.

DAWGZ is designed to operate across multiple chains simultaneously, including Base, Ethereum, Solana, Avalanche, and BSC. This multi-chain approach aims to achieve true interoperability, allowing users to move DAWGZ seamlessly between chains without needing stablecoins, wrapped cryptos, or local conversions.

According to the project, DAWGZ can be transferred across chains using Wormhole and Portal Bridge technologies. The potential for enhancing interoperability in the meme coin sector has garnered interest from analysts and influencers. ClayBro, with over 130k subscribers, suggests that DAWGZ “is worth accumulating.”

Currently, DAWGZ is priced at $0.008173 per token and can be purchased with ETH, USDT, USDC, BUSD, BNB, SOL, or AVAX.