Meme coin degens are cashing in on the Olympic Games, with the opening ceremony just days away.
Crypto’s official Olympics meme coin has launched. It’s called The Meme Games ($MGMES) and has recently made its market debut via a presale.
The presale is ongoing and has raised over $140K so far. Over $100K of that was raised in its opening 24 hours.
Crypto prices rally as the Olympic Games approach
The timing couldn’t be better for The Meme Games to launch.
The crypto market is on fire. Prices across the board are green this week.
That’s reflected in the industry’s total market cap, which is forming its strongest consecutive weekly candles since March.
And things are even better for meme coins.
Popcat has booked an 80% gain this week. Dogwifhat and Pepe are each up over 30%.
Investors are hungry for crypto gains again, and meme coins are the first call of order.
At the same time, all eyes are on the Olympic Games.
The opening ceremony will commence on 26 July, and the Paralympics closing ceremony is on 8 September.
The Meme Games’ presale will roll out through that time frame and debut on exchanges on 10 September.
It’s a setup bound to draw huge interest.
But The Meme Games is not the first crypto to tap into the Olympian enigma.
Dogecoin famously made a name for itself in 2014 by raising $25K to send the Jamaican bobsled team to the Sochi Winter Olympics.
That was the first time we saw the power of a meme coin community in real-time practice.
Still, we’ve never had an official Olympian meme coin before. This could take things to a whole new level.
BlackRock gives crypto the green light
An estimated 1 billion people will watch the Paris 2024 Olympics, and the world’s largest financial player, BlackRock, has just given crypto the green light.
Larry Fink, the CEO of $9 trillion asset manager BlackRock, has just said on air that he believes Bitcoin is a “legitimate financial instrument.”
Larry Fink believes in #Bitcoin.pic.twitter.com/hL2UZud2H3
— Michael Saylor⚡️ (@saylor) July 15, 2024
Crypto is no longer magic internet money used by cypherpunks – it’s a cutting-edge asset class embraced by the most trusted institutions.
And in the wake of that, what better stage for a new project to emerge than the Paris Olympics?
So, there’s every chance that The Meme Games. could grow exponentially.
Boost your $MGMES investment with a 25% multiplier bonus and staking rewards
In Olympian spirit, The Meme Games offers a competitive and gameifed layer.
When investors buy the presale, they can predict a winner for the “169-meter dash.”
This is a virtual 169-meter race between five beloved meme coin characters – Pepe, Doge, Brett, Turbo, and Dogwifhat.
They have their own characteristics and strengths, but there is a 20% chance of each winning.
You just get a free 25% bonus on your presale investment if you predict correctly.
And if you miss out, hope is not lost.
The presale has no minimum purchase, so investors return as often as they like.
It’s a great way to engage the community and add an Olympic flavor.
But it’s not the only way The Meme Games rewards its community.
There’s also a staking mechanism. Its live and presale buyers can begin staking immediately.
Currently, they can garner a 2,300% APY.
However, that figure will fall as more people stake their tokens, so those seeking the most gains should not wait around.
Everything is in place for The Meme Games to soar.
In addition to its $140K in presale investments, analysts have started taking notes.
Jacob Bury believes it could 10x after its presale.
The project has also been featured in media outlets like Coinpedia and Cryptonews.
And right now, The Meme Games is available at its lowest-ever price of $0.009.
But this will rise throughout the campaign, with the next increase in two days.
Catch the project’s latest updates on X or Telegram. Alternatively, visit its website to buy and stake tokens.