Newcomer meme coin Brett ($BRETT), which launched in February this year, has fallen 21% in the last seven days amidst a wider market rout that has shaved double-digit percentages from most leading meme coins.
Brett currently trades at a price of $0.1279, about 7% more than it was this time yesterday.
As usual, it’s the leading cryptocurrency that sets the pace for the rest of the market. The original and largest crypto Bitcoin ($BTC) fell 8% over the seven days, but climbed 1.1% overnight to change hands at $57,315 as of this writing.
Meanwhile, in the meme coin sector, Pepe ($PEPE) followed a similar trajectory to Brett—both memes deriving from Max Furie’s Boy’s Club webcomic—and fell 18% overnight but rose 4% over the last 24 hours to hit $0.059162 as of Tuesday 11 AM UTC.
DogWifHat ($WIF) and Floki ($FLOKI) posted similar intra-week losses of about 20% with very small respective gains 0f 0.3% and 1.6% in the last 24 hours.
Original meme coin Dogecoin ($DOGE) tracked Bitcoin more closely than its sector mates. $DOGE fell 12% over the week but rose 0.3% overnight to land on $0.1082.
Brett’s Recent Price Performance
As far as meme coins go, Brett has been performing relatively well over the last three months. On June 9 the token rose to an all-time high (ATH) of $0.1933 before coming down to its current price, which represents a pullback of over 30%.
Since ATH, Brett has found stiff resistance at $0.17 (indicated by the red line. However, a strong support level appears to be forming at $0.10 (green line).
This indicates support since the beginning of July has fallen from $0.125, which is where the token bottomed for most of last month.
While Brett Nosedives, Traders Stockpile AI Trading Bot Meme Coin WienerAI
Meme coins are the most speculative side of an already highly speculative industry.
That means when Bitcoin is not doing so well, the price performances of coins like Brett are often woeful.
In order for meme coins to have more of a buffer against market downturns, they need to offer more than laughs.
Accordingly, a new generation of meme coins like ScottytheAI and WienerAI are adding AI utility to their viral appeal to unlock some potentially exponential gains.
On the surface, WienerAI is more than just another dog-themed meme coin, he’s a next-generation crypto project that utilizes viral marketing strategies to offer crypto fans the most advanced, beginner-friendly AI trading bot in crypto.
Owners also benefit from user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.
The presale is approaching its fourth month, and has so far taken over $7.2 million in investments.
Moreover, Blockchain security platform Coinsult audited WienerAI’s smart contract.
Around 20% of $WAI’s supply is for staking.
WienerAI’s website offers buyers the ability to stake during the presale in order to take advantage of the mouth-watering yield, which is currently 156% APY.
This makes $WAI a far better Dog-coin for the price than DogWifHat.
Sunday walks are easy when you don’t have to worry about trades!
Let WienerAI handle it all while you relax pic.twitter.com/r427WHIT7O
— WienerAI (@WienerDogAI) July 7, 2024
The token currently sells at a fixed presale price of $0.000726 on the website.
Interested investors have a just over a day to buy in before it rises to the next fixed price. When the presale ends, the sky’s the limit on potential appreciation.
Keep on top of WienerAI news over on X and Telegram.
Join WienerAI Here
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