Brett Holders Flee After 11% Drop, Turning to a New Meme Coin
Brett (BRETT) holders are experiencing panic as the meme coin suffers an 11% drop, leading to a significant price collapse on Friday. With weekly losses exceeding 25%, some holders are turning to a new meme coin in the play-to-earn niche called Shiba Shootout (SHIBASHOOT). The Base meme coin, Brett, is currently trading at around $0.1160, reaching new one-month lows. While Brett’s market cap remains above $1 billion, the potential for further losses looms as bears target retesting April/May highs in the $0.85 area.
The current market conditions are causing Brett holders to flee the token as the sentiment remains dampened by spot sell pressures in Bitcoin. The anticipation of Fed rate cuts and the upcoming US election may lead to improved market conditions later in the year. However, elevated spot sell pressures from miners, the German government, and Mt. Gox creditors seeking repayments are contributing to the current downward trend in prices.
In response to the uncertain market environment, traders are looking for alternatives that offer the potential for quick returns. One such option that is gaining attention is the new meme coin Shiba Shootout. This Wild West-themed play-to-earn game has garnered interest from crypto enthusiasts, with analysts ranking it among the top meme coins and crypto presales. The game is set to be released soon, with its blockchain-powered token SHIBASHOOT already available in presale.
Shiba Shootout has seen a surge in presale investments, with experts predicting significant growth potential for the coin. Currently priced at $0.0195 per token, early investors stand to benefit from substantial staking rewards, exceeding 2,000% APY. As the presale progresses and reaches milestones, the price is expected to increase, providing investors with the opportunity to secure profitable returns in a short period.
The potential success of Shiba Shootout is contingent on achieving its roadmap goals, including acquiring over 100,000 holders and securing listings on tier 1 exchanges. This could lead to a substantial increase in the coin’s market cap, which currently stands at around $43 million. Despite the high-risk nature of crypto assets, the promising prospects of Shiba Shootout are attracting investors looking to capitalize on the growing trend of meme coins and play-to-earn games in the crypto market.
In conclusion, the crypto market’s volatility and the current downward trend in prices are prompting Brett holders to seek alternative investment opportunities. Shiba Shootout, a new meme coin with a play-to-earn game concept, is gaining traction among investors looking for quick returns. With potential for significant growth and lucrative staking rewards, Shiba Shootout presents an attractive investment opportunity in the ever-evolving crypto landscape. Investors should exercise caution and conduct thorough research before considering any investment in high-risk asset classes like meme coins.
