- High liquidity, low competition – Brett is primed for explosive growth
- Pepe Unchained raises $15M for L2 project
Brett and Bonk have become two of the most iconic memecoins in 2024, but which will emerge as the winner in October? That’s the question that we’ll be answering in this article.
High liquidity, low competition – Brett is primed for explosive growth
October, sometimes called ‘Uptober,’ is historically a bullish month for cryptocurrencies. And in bullish periods, the memecoin sector often makes the biggest gains. Take today, for example. The total crypto market cap is up 2.3%, but the memecoin market cap is up 4.2%. So given what we know about October, this is an exciting time for memecoin fans. But which will perform best – Brett or Bonk? Each has a unique market position in its respective domain. While Brett is the largest memecoin on the Ethereum layer 2 blockchain Base, Bonk is the second-largest memecoin on Solana. There’s a strong bull case for both. In Brett’s favor, it essentially has a monopoly over Base. With a $863 million market cap, it’s almost 10x bigger than second-in-command Degen, which is worth $89 million. Moreover, Base does not have a native token. This means that many traders who want exposure to Base will invest in Brett. For the uninitiated, Base was created by centralized exchange Coinbase, which provides Brett with a lot of credibility. Furthermore, since Base is an Ethereum layer 2, moving funds between Base, Ethereum, and other layer 2s is effortless. Therefore, it has potential for huge capital inflows, much of which could be directed to Brett. And on price action, analyst Nate notes that Brett is about to break out from a descending channel, which could enable a significant upward rally.
Pepe Unchained raises $15M for L2 project
There is a huge gap in the market. Ethereum layer 2s are taking off, but none accommodate the ‘degen’ community. Most memecoin activity takes place on the Ethereum chain or alternative layer 1s like Solana and Tron. However, Pepe Unchained fixed this with the first memecoin-focused Ethereum layer 2 blockchain. The project has raised $15 million, and analysts think much more gains will come. For example, Meme Coin Max says that it could 100x in price. Pepe Unchained’s presale is ongoing. However, once the token launches, the ‘Pepe Chain’ will also launch, alongside features like staking, an Etheruem bridge, a block explorer, and a DEX.
Brett and Bonk are gearing up for an October showdown, each having its strengths and growth potentials. However, Pepe Unchained with its unique L2 blockchain may become the new leader in the memecoin market.
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