Dogecoin price struggles near $0.20, while Layer Brett ($LBRETT), a new Ethereum Layer 2 Memecoin, gains traction as traders call it “Dogecoin 2.0.”

The Dogecoin price continues to face pressure near the $0.20 support zone after whales reportedly sold more than 500 million DOGE in the past week. With open interest in futures plunging by 61%, traders are stepping back from aggressive positions, leaving the world’s most famous meme coin in a consolidation phase.

However, while Dogecoin battles to hold its ground, a new Ethereum Layer 2 project called Layer Brett (LBRETT) meme token is drawing growing attention. The majority of the market participants have already christened it “Dogecoin 2.0,” a quicker, more intelligent and more widely-used alternative to the original Dogecoin of the first place.

Dogecoin Faces Sell Pressure but Still Holds Strong Community

Earlier in the week, Dogecoin’s price fell below $0.21 but soon after it got back up. $30 billion is reportedly the current market capitalization of Dogecoin, and investors are still careful. The technical indicators are hinting at a possible “death cross” formation, which could mean further weakness unless the buyers come back soon.

Source: Trading View

Nevertheless, the Dogecoin community is still one of the strongest among cryptocurrencies. The developers keep making minor improvements, and social engagement is still high. On the other hand, traders are beginning to turn their attention to faster technologies and higher on-chain rewards.

Layer Brett: The Ethereum Layer 2 Memecoin Making Headlines

• Quick transactions – Layer Brett utilizes Layer 2 rollups to complete trade and staking actions in a matter of seconds.

• Empowerment of the Community – The whole governance is decentralized, enabling the owners of the tokens to have a say in the development of the platform.

• Lower Fees – Leveraging Ethereum’s scalability ensures low gas costs for every transaction.

LBRETT Gains Traction as Ethereum Layer 2 Activity Surges

The Ethereum Layer 2 sector is booming and Layer Brett is quickly positioning itself among the leaders. With a total supply of 10 billion tokens and more than $4.4 million already raised in early funding, $LBRETT has entered the conversation as one of the most promising new Memecoins of 2025.

Staking rewards above 580% have caught the eye of yield-focused traders, while the project’s emphasis on community ownership is helping it build credibility beyond speculation. Its “faster, cheaper, fairer” vision for digital assets has resonated with users who are frustrated by high gas fees and network congestion on older chains.

LBRETT Gains Traction as Ethereum Layer 2 Activity Surges

The Ethereum Layer 2 sector is booming, and Layer Brett is quickly positioning itself among the leaders. With a total supply of 10 billion tokens and more than $4.4 million already raised in early funding, $LBRETT has entered the conversation as one of the most promising new Memecoins of 2025.

Dogecoin 2.0? Why Traders Are Paying Attention

While Dogecoin remains the original symbol of crypto fun, Layer Brett introduces something new: utility. By combining meme culture with scalable infrastructure, it turns the idea of a Meme Token into a functioning ecosystem rather than a passing trend.

Traders have started referring to LBRETT as “Dogecoin 2.0,” not because it replaces DOGE, but because it builds on what Dogecoin started: community, simplicity, humor and add the missing piece: speed and scalability.

As the broader crypto market looks toward 2026, the growing success of Layer Brett could mark a shift from meme speculation toward real Ethereum Layer 2 adoption. Whether it can live up to the “Dogecoin 2.0” title remains to be seen, but its quiet rise is impossible to ignore.