Brett on Base: Fueling Growth with Community Power and Social Media
While Bitcoin, trading above $100,000, keeps the bullish momentum in the broader crypto market alive, Brett is leading the memecoin sector as the mania takes a breather.
The popular memecoin, inspired by the legendary character from Matt Furie’s Boys’ Club comic and a friend of the dearest Pepe, has been experiencing continuous growth thanks to its solid foundation and robust network.
To spread fun and positivity, Brett is taking advantage of Coinbase’s Layer 2 Base, which has emerged as a leading L2 chain.
The low-cost Ethereum L2, which aims to ‘bring the next billion users onchain,’ has been dominating DEX activity, recording almost double the volume of other L2 chains. Base’s TVL has also surpassed $4 bln, overtaking another popular Ethereum L2, Arbitrum, with growth of 156.4% in the past three months. Additionally, Base has seen a consistent increase in transaction volume and a rising user base, with revenue exceeding $20 million during this period.
The $1.56 billion market cap BRETT is the top memecoin on Base, with its price surging an eye-watering 18,410% this year. Aof this writing, BRETT is trading at $0.1582, down 32.4% from its ATH of $0.2342, which it reached earlier this month.
But Brett’s success story goes beyond its Base foundation and rising prices. What sets this memecoin apart from thousands and thousands of others is its thriving social media presence and strong community of passionate supporters. These two elements define the long-term viability and success of a crypto project.
Unlike traditional financial (TradFi) markets, where fundamentals and profits drive value, crypto projects—especially memecoins—are fueled by social media influence and an engaged community.
The decentralized nature of cryptocurrencies means there is no single entity controlling the project; instead, it is a collaborative effort. Communities are at the heart of every network that has achieved broad adoption and price appreciation—be it Bitcoin, Ethereum, Solana, Dogecoin, or Brett.
When it comes to social media, platforms like Twitter, Telegram, Discord, YouTube, Reddit, GitHub, and TikTok play an extremely important role in helping a protocol reach a global audience, build brand awareness, and establish trust. These platforms also enable crypto projects to distribute information, educate potential investors on crypto’s technical complexities, and respond to market changes in real-time.
This isn’t all. Social media also serves as a key entry point for newcomers, acting as a powerful tool for building and growing a strong community through regular engagement. These platforms provide a focused space for like-minded individuals to come together, share ideas, have discussions, and collaborate.
By increasing a project’s visibility, attracting new users, and fostering a sense of belonging among existing supporters, social media drives community growth and helps projects reach new heights.
When it comes to BRETT, it certainly overshadows other projects in terms of influence and supporters. The memecoin boasts a community of over 700K staunch holders and an estimated reach of 96.6 million. Additionally, it has achieved 2.94 billion impressions and 998k mentions on social media.
Overall, in the hyper online world of crypto, having a strong social media presence and a vibrant community of active supporters are critical to a platform’s integrity, security, and, ultimately, success. And Brett, with its strong numbers, is leading the memecoin charge with promise!
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
