Pepe Holders Abandon Ship for New ICO with Eyes on 1,000% Price Surge
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As the Pepe (PEPE) price stagnates not far above recent lows and close to its 200DMA, holders are abandoning shop for a new ICO called The Meme Games (MGMES), as they eye a potential 1,000% price surge.
Last near $0.0000084, PEPE is stuck within recent ranges. While it is up an impressive 40% versus last Monday’s lows, it is still trading more than 50% below May’s highs.
Some might view the current PEPE price as an attractive level to buy.
But PEPE’s already quite bloated $3.5 billion market cap suggests the room for further growth, beyond perhaps 3-5x gains, is limited.
Its no surprise then that PEPE holders abandoning ship in favor of alternatives that might have better upside potential.
And analysts at Cryptonews.com think a new ICO called The Meme Games is one such high potential alternuytrative to consider.
See below why they have ranked it as one of their best presales to invest in this August, and best P2E games.
The Meme Games – Can This New ICO Surge 1,000%?
The Olympic Games kicked off a few weeks ago and has been surrounded by its usual buzz. But the event didn’t issued an official crypto token, leaving a gap for market participants to create their own.
New ICO The Meme Games is thus staking a strong claim to the spot of the “unofficial” meme coin of this Olympics game.
MGMES is a gamified meme coin that features a fun play-to-earn (P2E) component.
The new crypto coin features five of the top meme coins, which partake in its P2E game.
To play, presale investors must select one of their favorite meme coin characters. They can pick either Dogecoin, Pepe, DogWifHat, Brett, or Turbo.
Their chosen character then competes in a 169m sprint, giving them a 20% chance of winning a 25% bonus presale purchase bonus.
Despite launching just a few weeks ago, the exciting new ICO is already turning heads.
Dozens of major crypto influencers, including the likes of Conor Kenny and Clay Bro think MGMES could be a big success.
Jacob Crypto Bury even thinks that MGMES could post 11x or 1,000% gains.
Its no surprise then that the new ICO has already been able to raise over $350,000 from early presale investors.
MGMES – A Passive Income Gem?
MGMES tokens are currently available for $0.0092 each. Given the 2.024 billion token supply, this values the project at a very modest below $20 million.
But if investors want to get in at a favorable valuation, they better move quickly, with the price set to rise in just one day.
The Meme Games presale is scheduled to conclude alongside the Olympics on 8 September. The MGMES token will then list on decentralized exchanges on September 10.
But presale investors need not to wait until September for capital appreciation.
That’s because MGMES presale investors can put their MGMES bag to work immediately via high-yield staking.
Yields are around 577% APY, per the project’s website, making MGMES a passive income gem.
At these yields, an investor could more-or-less double their initial MGMES bag ahead of September’s token launch.
Its worth noting, however, that as the presale gathers pace, the APY will decline.
Still, MGMES is one of the best crypto staking coins this summer.
