Olympic-themed Meme Coin Scores $290,000 – Time to Buy?

Olympic-themed Meme Coin Scores $290,000 - Time to Buy? / Source: Cryptonews

A new Olympic-themed meme coin is capitalizing on growing Olympic fever, scoring over $290,000 in early investment just days following the opening ceremony in Paris.

While unaffiliated with the games, the Meme Games (MGMES) may be the closest thing to an official Olympics token .

The new crypto coin features five top meme coins as part of a fun purchase to play-to-earn game.

To play, presale investors must select one of the five biggest original crypto meme characters – 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.

As the Olympic Games gather pace and intrigue, Olympic-themed cryptos are expected to perform well.

Indeed, the Games could be the catalyst for GameFi token MGMES to take off.

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.

Is it time to buy the Olympic-themed meme coin The Meme Games (MGMES)? / Source: X

Time to Buy Olympic-themed Meme Coin MGMES? Some Experts Think So

As the Olympic Games get rolling and the MGMES presale accelerates, experts throw their hats into the ring to support the Olympic-themed meme coin.

Popular presale analyst Austin Hilton told his nearly 300,000 YouTube subscribers that he expects MGMES to be huge.

Other analysts like Crypto Boy , LecksMoney , and Clinix Crypto also support the Olympic-themed meme coin.

Potential investors should note that they can put their MGMES bags to work, earning passive income straightaway via staking.

Current yields are around 800% APY. That means investors could more-or-less double their initial MGMES bag by the time the presale closes in September.

As a result, MGMES might be one of the best crypto staking coins right now .

Analysts at Cryptonews are big fans of the Olympic-themed meme coin MGMES, thinking it has big potential.

They rank it amongst their best presales to buy this summer.