As the Paris 2024 Olympics captivate global audiences, expert crypto traders are increasingly drawn to meme coins, sparking a frenzy of accumulation around Meme Games.
This comes as XRP price analysis highlights Ripple’s sustained strength in the market charts.
Amid one of the most watched international sporting events, it is no surprise that coy meme coin developers are meeting demand for Olympics-linked crypto projects that can deliver major gains alongside the sporting spectacle.
Kinda wished the Olympics made for more meme coin content.
Why isn’t there a pommel horse guy coin yet but 1,000 more low effort cat coins?
— NLagoose (@NLagusis) July 30, 2024
While the Opening Ceremony was beset with controversy, with the medals now raining in, it seems attention has shifted to the Olympics winners and losers.
In true crypto fashion, expert crypto traders are backing a potential winner as Meme Games emerges as the pack leader this Summer.
Here’s Why Expert Traders Are Accumulating Meme Games
Blending the thrill of GameFi with the high-octane sporting event, The Meme Games sets out to deliver the experience on-chain for the enjoyment of Web3 users worldwide.
The idea is to enable you to have your favorite meme compete for the podium.
There is already PEPE, DOGE, WIF, BRETT, and TURBO, each representing a specific country.
All you have to do to participate in the games is:
- Purchase $MGMES tokens to enter your competitor.
- Select the meme athlete you want to compete with.
If your athlete wins its Meme Games event, you will earn a 25% bonus on token purchases.
The Meme Games presale is now live, and more than $300 thousand has been collected so far.
The price per token will be $0.0091 until the next phase. A staking option with an APY of 751% is also available for presale investors.
With the start of these Olympics less than three days away, we expect ever-increasing hype around these meme coins.
So don’t miss out – Buy Meme Games
XRP Price Analysis: Is Ripple Set For Major Gains – XRP Strength Snapshot
As the Ripple price continues to push up in the chart, XRP is currently trading at a market price of $0.64 (representing a 24-hour change of +3.4%).
This comes after a confirmation bounce-off 20DMA support occurred on July 30, bolstering bullish sentiment and confidence, which has pushed the XRP price for a test of overhead resistance to $0.65.
A successful consolidation here would leave XRP price targeting a return to the lofty heights of $0.70 from here – on the verge of true price exploration territory.
But while the technical structure is alluring, it’s noteworthy that the recent gains by Ripple have heated up the RSI back to significantly bearish levels with a current reading at 70.84.
This suggests that while recent gains have established a strong rally structure – things could benefit from cooling off in consolidation around the $0.70 level.
While this limits short-term upside, it bodes well for a bigger push-up over the course of August once the Bitcoin market returns to bullish form.
In the meanwhile, don’t sleep on the Meme Games trade – as it could prove to be the biggest winner this Olympics.
Don’t miss out – stay tuned for updates on the Meme Games X and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
