The XRP price has reached $3 for the second time this year. Its latest jump has created a negative psychological effect for its holders, who believe this may be its cycle peak. In fact, the XRP news today indicates whispers among community members that it might be time to take profits.

But as confidence wanes in the XRP community, a new altcoin is quietly gaining momentum called Layer Brett. The cryptocurrency continues to succeed in its presale, raising over $3.2 million within weeks.

Layer Brett smashes crypto presale record, the XRP alternative investors are watching

While XRP is fighting to reclaim its former momentum, Layer Brett is building a sturdy foundation for massive growth. It’s an Ethereum Layer 2 meme coin, quick on transactions, cheap on fees, and already paying out staking rewards that early buyers are bragging about.

Its current presale momentum is strong, as more than 5,000 holders invest in its fundamentals. The event has already passed $3 million, with tokens priced at only $0.0055. Several analysts have projected staggering gains, with some suggesting a 100x upside may actually be conservative given LBRETT’s low market cap status.

But, it is not only presale momentum that favours Layer Brett as the ideal XRP alternative. The project tokenomics is designed to be deflationary. With a hard cap of just 10 billion tokens, scarcity is built in from its foundation. That’s the edge that makes it avoid the regular dilution problem that plagues meme coins in the cryptocurrency industry.

Early buyers can also lock in their tokens for staking rewards of more than 807% APY. For investors, it is a strong passive income incentive that could give them a head start in the race for market gains.

XRP news today signals the token may have reached its cycle peak

The XRP price has retraced 30% since its latest rally, with concerns of a potential drop towards $2. Earlier in August, analyst Ali Martinez suggested that if market conditions remain the same, the XRP price could drop to $2.6 or even $2 in a worst-case scenario.

Exacerbating this bearish sentiment is the XRP news that more than 94% of its holders are currently in profit. In 2018, a very similar situation occurred where over 90% of holders were in profit, and then XRP’s price fell more than 95% from $3.3.

Then in 2021, profitability levels above 90% preceded an 85% crash from around $1.95 to $0.3. While there’s no guarantee that the top is in for XRP, this data suggests that its future momentum could at least be suppressed by profit-taking.

That's why the market is likely to favor more asymmetrical bets that have yet to reach their peak. Layer Brett remains a low market cap alternative, which is proving particularly attractive as its crypto presale gains groun

Conclusion

The latest XRP news indicates a pressing concern for investors as severe profit-taking hinders its growth. As a result, Layer Brett is the token trending on social platforms as the ideal alternative for XRP. With insane staking rewards, low fees, and Layer 2 infrastructure, it’s the kind of crypto presale that can turn early entries into riches.

Discover More About Layer Brett (LBRETT):

Website: LayerBrett | Fast & Rewarding Layer 2 Blockchain

Telegram: Telegram: View @layerbrett

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