The long-anticipated debut of a Dogecoin ETF has faced yet another setback, dampening investor enthusiasm and weighing on DOGE’s price performance. With the SEC delaying approval for altcoin-backed ETFs, the meme coin market is showing signs of fatigue.

Investors are now turning their attention to emerging alternatives like Layer Brett, a new layer 2 blockchain project that combines speed, low fees, and real utility. Experts believe the meme coin is one of the low cap crypto gems in the market.

Dogecoin ETF Delay Deepens Bearish Sentiment

All signs pointed to the debut of Dogecoin ETF products before the last quarter of the year, particularly in the past month. However, hopes for a potential launch of a DOGE ETF in September were dashed after the SEC delayed approval of altcoin–focused exchange-traded funds.

As the buzz around the Dogecoin ETF fades, the DOGE token remains under pressure amid weak market momentum. At the time of writing, the meme token is trading around  0.197, down over 17% in the past three months.

Technically, the meme coin remains fragile, even falling about 75% from its all-time high of $ 0.738.  The delay over a potential Dogecoin ETF has further fueled the current bearish sentiment surrounding the meme token. With a lack of underlying market drivers, market participants are pitching their tents with utility-based meme coins like Layer Brett.

Layer Brett blends speed, utility and 592% APY potential

As the buzz around a Dogecoin ETF debut cools, smart movers are already pivoting to Layer Brett, a layer 2 blockchain that blends utility and meme culture. A core of the project’s offering is near-instant transactions, with speeds rivalling some of the market’s best.

Coupled with fast transactions, the protocol’s low gas fee crypto model means users can conduct transactions at a fraction of the cost of Ethereum. By blending High-speed, low-cost, and scalability, Layer Brett stands out as one of the best meme coinsin this cycle.

While meme coin like Dogecoin runs on pure market hype, Layer Brett offers not just tech-backed utility but also high-yield rewards. With this passive income approach, LBRETT holders can earn an APY of over 590% by just holding their tokens.

Focusing on decentralization and security, the platform incorporates a “no-KYC” model that offers users full control over personal data. Even more, users can benefit from this top meme coin project by simply taking part in its $1 million giveaway, designed to reward network participants.

Market experts believe LBRETT could become the top gainer crypto in this cycle, driven by its market fundamentals and affordability. Each LBRETT is priced at just $0.0058, allowing investors of all levels to enter the market without the barrier of capital.

Driven by its impressive market entry, Layer Brett has already recorded investments of over $4.4 million, with analysts expecting this figure to grow further. As such, it’s no surprise that investors are flocking to the layer 2 blockchain.

Conclusion

The delayed launch of the Dogecoin ETF has further fueled bearish sentiment around the DOGE token. And with price action indicators showing weak momentum, smart trades have identified Layer Brett as the top new crypto coins to own.

Its blend of affordability and utility further cements its position as one of the best crypto to invest in this cycle. With the price set to increase soon, this window offers the best chance to join the project.

For More Information

Website: https://layerbrett.com 

Telegram: https://t.me/layerbrett 

X: (1) Layer Brett (@LayerBrett) / X

This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.

The post Dogecoin ETF Buzz Fades as Investors Flock to Ethereum L2 Meme Coin Layer Brett appeared first on Coindoo.