BRETT Memecoin Gets Confidence Boost Courtesy of Binance US Launch

BRETT has been attempting to break the ceiling to become one of the top memecoins. It just secured a major milestone that could make it more accessible to the US traders.

Binance US just announced its listing of BRETT, making it accessible in the US market. It joins the small list of memecoins that are available on Binance US, which includes Dogecoin, Shiba Inu, and a few others.

According to the official announcement from Binance US, BRETT will be available as a USDT pair. Moreover, traders will be able to withdraw or deposit the memecoin onto Binance US through the Base network.

BRETT’s Binance US listing offered validation in a market that has been known for its strictness, especially over financial matters.

This listing was also timely, considering that the US has been making strides towards crypto regulation and dominance.

Meanwhile, the listing may not only pave the way for BRETT to access more liquidity but also possibly encourage broader availability across other markets.

It also underscored the fact that memecoins remained one of the most attractive segments in the cryptocurrency market.

Is the Binance US Listing Enough to Trigger a BRETT memecoin Price Rally?

BRETT experienced an overall downtrend in the last 2 weeks during which its price dipped by as much as 27%. However, it did demonstrate some upside in the last 2 days.

BRETT price traded at $0.052 at press time, which was equivalent to a 11.1% downside in the last 24 hours at press time.

It was unclear whether the optimism about the Binance US listing may have impacted price movement over the last two days.

BRETT Price Action | Source: TradingView

The development was particularly important considering the memecoin’s price position. It was heavily discounted by about 76% from its historic ATH at $0.23.

It would take the memecoin a 325% rally for it to retest its previous historic top. More importantly, it would take a serious liquidity injection for BRETT to rally back to those levels.

It already achieved 2 major rallies in May and November this year. A hat-trick was possible based on past performances, especially considering the validation gained from the Binance US listing.

Potential to Join the Top 10 Memecoins List?

BRETT managed to outpace other popular memecoins such as SNEK and Apecoin, among others, over the last few months.

It held the 12th spot in the list of top memecoins, courtesy of its $521 million market cap at the time of observation.

This also meant that it still had some ground to cover, considering that most of the top coins had market caps above $1 billion.

The $1 billion market cap milestone may not necessarily be far off for BRETT, considering its latest listing.

Its availability on Binance US highlighted the memecoin’s growing availability on the crypto exchange landscape.

This latest listing also raised optimism about its potential listing on other major exchanges such as Coinbase and Gemini.

Meanwhile, BRETT’s low market cap, combined with the recent listing, may boost its appeal in the market. This latest expanded listing in the US raised the possibility of more liquidity injection.

Notably, BRETT’s volume in the derivatives segment was up by 45% to $188 million in the last 24 hours.

This was noteworthy considering the segment leader, Dogecoin, experienced a slight decline in volume during the same period.

Spot flows were maintained within their normal range, which suggests that the market did not respond aggressively to the listing news.

This meant that the actual impact (if at all there will be one) will become much more apparent over the long run.