The post Brett, Base Meme Coins Break Out – Will Base Dawgz Explode Next? appeared on BitcoinEthereumNews.com.

Base meme coins are breaking out ahead of the spot Ethereum ETF launch.  For instance, Brett – the top meme token on Base – has breached a crucial resistance in the daily time frame.  Popular crypto trader Michael van de Poppe of MN Trading reveals that the Brett price could reach a new all-time high in the coming days, as long as it continues to hold above the $0.125 price level.   Meme coins are great for day trading due to their high volatility.$BRETT, for example, has broken through crucial resistance.As long as $0.125 holds, I’m expecting a new ATH to be provided and a new leg upwards. pic.twitter.com/blU7vrgXzg — Michaël van de Poppe (@CryptoMichNL) July 19, 2024   Brett isn’t the only meme coin that is breaking out. DEGEN, Toshi and CHOMP are all surging, with the latter up nearly 14% today on Friday.  However, a few experts believe that Base Dawgz could potentially be the next big meme coin on Base. Some analysts have even suggested that up to 100x gains could be a possibility for early DAWGZ buyers.  Brett Price Breaks Out Ahead of Spot Ethereum ETF Launch Base meme coins show a strong correlation with the Ethereum price. Notably, Base does not have its own native token and uses ETH, considering that it is an Ethereum Layer-2 chain.  Consequently, the spot Ethereum ETF launch is expected to be extremely bullish for Brett and the other Base meme coins.  Bloomberg ETF analyst James Seyffart believes that the Ethereum ETFs will likely see 20-25% inflows of their Bitcoin counterparts. If this prediction holds, it could mean nearly $4 billion in inflows over the first 6 months, a decidedly bullish scenario for the Ethereum price.    My prediction number is 20-25% of the net flows that bitcoin ETFs have…

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Filed under: News - @ July 20, 2024 7:04 pm