The bull market is perhaps coming again with meme cash making a huge impact, and one token grabbing numerous consideration is Solympics, a Solana-based meme coin that has been hovering not too long ago.
However the current worth rally that results in hit its all-time excessive didn’t maintain and now it dropped over 40% up to now 24 hours.
The drop occurred for a number of causes. One is {that a} fast rise typically results in a pointy correction. Another excuse is that the remainder of the crypto market is at the moment seeing losses.
Let’s take a look at why Solympics’ worth is dropping and see why specialists are actually specializing in the brand new crypto presale referred to as The Meme Video games.
Solympics: Subsequent 100x SOL-based meme coin
Solympics is bringing the Olympic spirit to the Solana blockchain proper as Paris prepares for the precise Video games. The timing is spot-on. The mission is diving deep into the sports activities theme, mixing meme tradition with Olympic pleasure.
Solympics additionally affords 1,100 distinctive NFTs that characteristic ten international locations and 100 totally different sports activities occasions. NFT holders can win additional prizes if their NFT’s nation or sport wins gold. Solympics can also be becoming a member of the social media scene with a customized meme creator software.
Crypto followers can use this software to make their very own Olympic-themed memes and share them on Twitter and Reddit. It’s just like the creators are letting holders be the mission’s unofficial advertising group.
Given how nicely themed meme cash normally do, Solympics is perhaps onto one thing massive. By tapping into the Olympic buzz, the creators have caught the eye of retail merchants. Early success suggests Solympics may maintain making information all through the Video games.
SOLYMPICS worth evaluation and worth prediction
Solympics (SOLYMPICS), a Solana-based Olympics-themed meme coin, soared over 400% within the final 24 hours, reaching $0.0041 per token. This sharp enhance boosted the token’s market cap to $3.3 million and its spot buying and selling quantity to $5.2 million, even touchdown it within the second spot on CoinMarketCap’s trending record.
Nevertheless, the joy didn’t final lengthy. SOLYMPICS has since confronted over 40% worth drop, now buying and selling at $0.0016 with a 24-hour buying and selling quantity of $1.75 million. Regardless of the decline, the token maintains a excessive volume-to-market cap ratio of 140%, displaying continued curiosity and exercise.
With SOLYMPICS being a current launch, historic knowledge for correct predictions is scarce. The token has discovered potential assist at $0.0018 and resistance at $0.0040, however technical indicators are blended.
Bollinger bands have narrowed, suggesting a bearish development, however the RSI has moved from overbought to a impartial zone, indicating balanced shopping for and promoting strain.
The upcoming Olympics would possibly spark one other rally, however present technical indicators don’t assist this expectation. A shift in general crypto market sentiment may additionally have an effect on SOLYMPICS.
Are Olympics-themed tokens the following massive factor?
Most meme cash don’t have a lot utility, so their success depends closely on their themes, advertising, and branding. For example, cat-themed meme cash like Cat in Canines World (MEW) noticed a giant rise not too long ago as a result of their cat theme stood out within the normally dog-themed meme coin area.
The Olympic Video games are one of many world’s largest common occasions, attracting over 3 billion viewers in 2020. This, mixed with the current development of NationFi tokens, which let holders categorical nationwide delight, creates an incredible alternative for high-quality meme cash.
NationFi and present occasions make a robust basis for meme coin advertising. If an Olympics-themed coin goes viral through the Video games, it may see an enormous enhance in worth. The Olympics naturally promote natural progress, with nationwide delight motivating holders to share their experiences.
Whereas these cash could not have long-term potential for the reason that Olympics solely occur each 4 years, they will supply important short-term good points. Buyers are eyeing a promising new ICO to capitalize on this chance.
The Meme Video games good points traction as buyers favor it over Solympics
The upcoming Paris 2024 Olympics are producing pleasure within the crypto market. Buyers are eyeing sports-themed tokens for potential massive good points. Solympics has been unstable these days, so buyers would possibly need to take into account a brand new crypto presale referred to as The Meme Video games, one other Olympic-themed meme coin.
The Meme Video games (MGMES) is at the moment in presale, and plenty of retail buyers are desperate to get in on the motion. The presale started few days in the past and has already raised over $230,000.
Early buyers should purchase $MGMES tokens for simply $0.00905, a worth that has attracted over 18,000 followers to the mission’s X web page. Potential buyers can go to our information on easy methods to purchase The Meme Video games tokens right here.
What makes The Meme Video games distinctive is its mix of meme tradition and enjoyable gameplay. It includes a racing recreation with standard meme characters like Doge, Brett, dogWifHat, and Turbo.
Supply – The Meme Video games Twitter
Buyers in $MGMES can select a meme athlete and earn bonus tokens if their athlete wins the race. The bonus is ready at 25%, so shopping for 10,000 $MGMES tokens may earn a further 2,500 tokens if their athlete wins.
Moreover, the mission affords staking, with a present APY of 1,045%, although this can lower as extra folks be a part of the staking pool.
The presale will finish with the Paralympics closing ceremony, and $MGMES will launch on exchanges two days later, on September tenth. See what the long run holds for The Meme Video games with our $MGMES worth predictions right here.
Total, The Meme Video games’ intelligent Olympic theme and humorous vibe may make it a standout mission this 12 months. To take part within the $MGMES token presale, go to memegamestoken.com.
