A new Olympics meme coin is generating a huge buzz in crypto trading circles as Olympic fever rises and crypto influencers bet that 100x gains are possible.
The Olympics hasn’t issued an official token, leaving a gap for crypto market participants to create their own.
One new Olympics meme coin called The Meme Games (MGMES) is staking a strong claim for the spot of the “unofficial” meme coin of this Olympics game.
The new crypto coin MGMES features five of the top meme coins, which take part in a fun purchase to play and earn the game.
Crypto influencers are buzzing about the new Olympics meme coin that is currently available in presale.
99Bitcoins analyst Jacob Crypto Bury thinks MGMES has 100x potential and could be the next Pepe or Brett.
Popular Spanish-speaking crypto analyst CEOCRYPTO has encouraged his 150,000 YouTube subscribers to invest in MGMES, which he refers to as a “gem.”
Crypto Gains, meanwhile, encouraged his 135,000 subscribers to get in early.
And Austin Hilton told his 272,000 YouTube subscribers that The Meme Games “will be huge.”
Analysts at Cryptonews.com are also big fans of the token. They think thanks to its gamification, passive income potential, and relevance to the Olympics, MGMES could really catch the zeitgeist in the coming months.
That’s why they rank it amongst their best crypto presales to buy this summer.
Cryptonews.com’s in-house presale analyst Chester outlines why he thinks Olympics meme coin MGMES has 100x potential.
Here’s everything you need to know about the new Olympics meme coin, The Meme Games.
New Olympics Meme Coin – Here’s What You Need to Know
New Olympics meme coin The Meme Games kicked off its presale just a few weeks ago and has already attracted $300,000 in early investment.
MGMES tokens are currently available for $0.0091 each. Given the 2.024 billion token supply, this values the project at a very modest below $20 million.
But if investors want to get in at a favorable valuation, they better move quickly.
That’s because the MGMES price is set to rise in just over one day.
Source: XTo play The Meme Games, presale investors must select one of their favorite meme coin characters. The five options include Dogecoin, Pepe, DogWifHat, Brett, or Turbo.
Their character then competes in a 169m sprint, where they have a 20% chance of winning a 25% bonus presale purchase bonus.
The Meme Games presale runs concurrently with this year’s Olympics in Paris, which concludes on 8 September at the Paralympics closing ceremony.
On September 10, the token will list on decentralized exchanges, and its price is subsequently expected to explode.
Potential investors should note that they can put their MGMES bags to work, earning passive income straightaway via staking.
Current yields are around 768% APY. At that rate, investors could more-or-less double their initial MGMES bag by the time the presale closes in September.
That said, as the presale gathers pace, the APY will decline.
Nonetheless, MGMES looks set to be one of the best crypto staking coins this summer.
The post Crypto Influencers Buzzing About New Olympics Meme Coin – 100x Possible? appeared first on Cryptonews.
