Experts have been quietly loading up on a new unlisted meme coin in the last few weeks called The Meme Games (MGMES), which has been turning a lot of heads amid excitement regarding the Olympic and Para-Olympic games.
The Olympics never issued an official token, leaving a gap for crypto market participants to create there own.
One of the top performing Olympic-themed tokens has been unlisted meme coin MGMES.
The play-to-earn token has been quietly stacking up money amidst an on-going presale.
$425,000 has already been raised, suggesting strong demand for the still unlisted meme coin.
Experts have been amongst the throng of investors queueing up to buy MGMES.
Jacob Crypto Bury told his more than 40,000 YouTube subscribers that he thinks MGMES has 10x potential.
The Crypto Mark went further, assessing the coin to have 100x potential.
Analysts at Cryptonews.com also rank The Meme Games as one of the best presales to buy now.
Here is everything you need to know about the token.
Everything You Need to Know About Unlisted Meme Coin The Meme Games
Unlisted meme coin MGMES features five of the top meme coins, which take part in a fun purchase to play and earn the game.
The five options include Dogecoin, Pepe, DogWifHat, Brett, or Turbo.
To play The Meme Games, presale investors must select one of the five main characters.
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 451% APY, per the unlisted meme coin’s website.
At that rate, investors could more-or-less double their initial MGMES bag in just over one month.
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 Experts Quietly Load Up on Unlisted Meme Coin – Here’s Why Its Turning Heads appeared first on Cryptonews.
