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A new crypto ICO – The Meme Games (MGMES) – is now live and quickly going viral. The new meme coin has already raised $150k in the first 24 hours of its presale.
This strong early demand is indicative of high upside potential, a sentiment that is also being echoed by smart money traders who have reviewed the project. Some experts are even backing MGMES to offer up to 100x returns.
The demand and FOMO for the meme coin is expected to continue rising, especially as its price is set to increase in just over a day on July 20th. MGMES is currently priced at $0.009.
The Meme Games – The Official Coin For The 2024 Olympics?
Rumours are already circulating that The Meme Games could be the official coin for the 2024 Olympics. If true, it could instantly become one of the most popular cryptocurrencies on the market, considering the event’s millions-strong viewership.
Even without it, this new crypto ICO is aiming to be the next big GameFi meme coin, following in the footsteps of Hamser Kombat and Notcoin. Its play-to-earn game combines the spirit of the upcoming Paris Olympic Games with memes, without ditching the beginner-friendliness that made Notcoin and Hamster Kombat successful.
All presale buyers can compete in The Meme Games. After every ICO purchase, investors can select their challenger for the games from the 5 available options. These include Doge, Pepe, Brett, Turbo and WIF, representing the American, French, German, Italian and English teams respectively.
The rules of the game are straightforward. The winner of an event will be totally random. An investor will receive a 25% bonus on their presale investment, provided their challenger has won the event. Quite simply, they will have a one-in-a-five chance to win the bounty.
Players can compete as many times as they like by purchasing more MGMES tokens. Since there is no minimum buy-in amount, a better strategy for players would be to make their purchases in multiple, smaller portions, thus maximizing their winning odds.
Earn Over 2000% APY With MGMES Staking
Early presale buyers have much more than just the 25% bonus rewards in store for them, thanks to The Meme Games’ native staking pool.
Buyers who choose to stake their holdings today can earn a yield percentage north of 2300%.
However, the reward rate is expected to decrease over the coming days, massively favouring the early presale buyers.
As per the project tokenomics, a significant 10% of the token supply will be used for staking rewards, while another 9.3% will be allocated towards bonus wins.
For early adopters, 38% of the tokens will be distributed during the presale.
Notably, there is no separate allocation for the developer team or any private sale, which significantly reduces the risk of any rugpull or pump-and-dump price action.
To further alleviate any security concerns, the MGMES smart contract has been audited for all common vulnerabilities and centralization risks. The audit report has been published on the website.
The Meme Games Price Prediction – How High Can This New Crypto ICO Go?
As previously mentioned, smart money traders are already impressed with MGMES’s upside potential, in part due to its early presale demand. Some of the experts who have reviewed the project have even hinted at the possibility of 10x to 100x returns.
There are several reasons for the optimism surrounding this new crypto ICO. For instance, it is scheduled to launch on DEXs on 10th September, very likely in the midst of a bull market.
The Federal Reserve is also set to cut its interest rates in September, which means that the broader cryptocurrency market would likely be in a state of euphoria. A new low-cap meme coin such as The Meme Games could see immediate adoption in such as scenario.
Notably, new meme coins were in high demand during this year’s Q1 bull rally, a phenomenon that is expected to repeat in the second half of this year.
As previously mentioned, early buyers will stand to benefit the most from a potential MGMES bull run. Interested investors can visit The Meme Games website and use the over-the-counter widget to buy the token, preferably at its lowest price before July 20th.
They can also follow the project’s X and Telegram accounts or check out its whitepaper.
Visit The Meme Games Presale
*Cryptonomist did not write the article or test the platform.