And that’s exactly why analysts are backing Layer Brett (LBRETT), an ERC-20 memecoin that has utility value, to rival ADA, DOT, and even PEPE or SHIB.
And right now, you can see the value; LBRETT has raised over $3.9 million in presale! Let’s explore why the Layer Brett price prediction is bullish!
Technical analysis on ADA shows that the token might be moving towards $0.93 and $0.95. This is based on the recent retest of the key support level near $0.8028. ADA has been bearish since August 12, with only short-term rallies pushing the price into a large range. Yet, activities within the Cardano ecosystem have increased, with the trading volume increasing 172% to $2.22 billion on September 22.
For now, ADA price holds steady at $0.83, with a market cap. of $29 billion. Whale activity is rising, with a recent 20 million ADA purchase that shows their confidence in the network. This corresponds with the bullish weekly candle that’s forming after the retest; a breakout above $0.85 will signal a bullish rally.
Although DOT has been trading around the $3.90 support level for a while, the price is now pulling back from a retest at a new resistance level at $4.90. The price has rejected the previous rally as buyers sought to push the price above $5. Dot has now fallen below $4.
With sellers invalidating the previously inverse head-and-shoulders bullish setup, the DOT price might be moving to the neckline around $4.30. And if the sellers maintain dominance, DOT could slide further to $3.78.
To trigger a bullish run, the Polkadot community has now voted to set the token supply to 2.1 billion. This will create scarcity and increase confidence in the token. While this is great for DOT, inventors looking for an altcoin to rival DOT should not sleep on Layer Brett, because, based on the Layer Brett prediction, the token will dominate the meme market.
Layer Brett (LBRETT) is an Ethereum Layer 2 token inspired by the viral Brett character, and designed for fun and community participation. Beyond being a memecoin, LBRETT is built for utility, merging real-life use with viral power. LBRETT is bringing high-yield staking rewards, scalability, and ultra-low cost transactions to DeFi.
As a Layer 2 token, Layer Brett deploys Ethereum’s smart contract security that enables lightning-fast transactions across any exchange. LBRETT is decentralized, so holders retain full control without any need for KYC. When it comes to longevity, LBRETT assures the community with a roadmap for DAO voting, cross-chain bridging, and partnerships with real-world meme events.
Experts back LBRETT as the best long-term crypto, especially for early holders, who can earn up to 660% APY in rewards. With a max. With a supply of 10 billion LBRETT, the token is positioned to rival established memecoins and layer 2s like Arbitrium and Optimism.
Join the movement today and become an LBRETT holder. Buy LBRETT for $0.0058 to join the best crypto presale. Get aboard now and join the $1 million giveaway!
Presale: LayerBrett | Fast & Rewarding Layer 2 Blockchain
Telegram: Telegram: View @layerbrett
X: (1) Layer Brett (@LayerBrett) / X
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The post Layer Brett Price Forecast: Why Analysts Say It’s More Than Just a Meme Coin and Could Rival Cardano and Polkadot appeared first on Coindoo.
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