Olympics fever is sweeping the crypto market.
As the Paris 2024 Games kick off this week, investors are eyeing sports-themed tokens for potential market-beating gains.
In this article, we’ll discuss three Olympics-inspired meme coins that could explode as the world tunes into the biggest sporting event of the year.
1. The Meme Games (MGMES)
The Meme Games (MGMES) is shaping up to be the talk of the crypto market as the Paris Olympics kick off.
This Olympics-themed meme coin is leading the pack, offering a unique mix of sports enthusiasm and crypto rewards.
MGMES is currently in presale, and retail investors are flocking to get involved.
Since its launch earlier this month, the presale has raised over $220,000.
And MGMES tokens are on offer for just $0.00905 each.
However, this price will rise over time as new presale stages begin.
That means earlier investors are rewarded with a lower entry point – which could translate to bigger gains down the line if MGMES takes off.
So, why all the excitement around this new coin?
The main reason is its unique game mechanic.
The Meme Games isn’t just about holding a token; it’s about participating in a series of meme-themed races.
Imagine your favorite meme characters, like Pepe the Frog or Doge, going head-to-head in a digital race track.
You can buy MGMES tokens to bet on your favorite meme to win, and if they do, you’ll score a 25% bonus.
This first-of-its-kind concept is not only fun but also encourages long-term holding.
There’s even an added staking protocol for those seeking a passive income stream.
Overall, The Meme Games’ clever tie-in to the Olympics and hilarious meme vibes could make it one to watch this summer.
2. Solympics (SOLYMPICS)
Solympics (SOLYMPICS) is another meme coin to keep an eye on as the Olympics kick off.
This Solana-based meme coin has exploded onto the scene.
Its price has rocketed over 300% in the past 24 hours, putting it second on CoinMarketCap’s trending cryptos list.
But there’s more to Solympics than just a sports theme.
It also offers a collection of 1,100 unique NFTs featuring ten countries and 100 sports events.
NFT holders can snag additional prizes if their NFT’s country takes home the gold.
Solympics even has a meme creator tool, allowing community members to create memes and share them on social media.
These two elements mean Solympics isn’t just another useless meme coin.
And if its early success is anything to go by, the token could be a real contender for CEX listings as Olympics fever ramps up.
3. The Olympic Mascot (PHRYGES)
Last but not least is The Olympic Mascot (PHRYGES).
As its name suggests, this token pays homage to the official mascot of the Paris 2024 Olympic Games.
It’s all about celebrating the Phrygian cap – a symbol of freedom and revolution deeply rooted in French history.
While PHRYGES isn’t exactly a newcomer (it launched in early May), it’s been preparing for its big moment.
And with the Olympics about to kick off, PHRYGES is finally showing signs of life.
The token’s price has soared 45% in the past six days, yet with a market cap of just $84,000, it still has plenty of room to run.
However, unlike the other two tokens we’ve discussed, PHRYGES has no actual use case.
This means its value will be dictated entirely by market sentiment.
While many will view this as a downside, it could also be its biggest strength.
With a Twitter game that’s on point, filled with memes of world figures rocking the iconic Phryges cap, this token could quickly go viral if it gains popularity during the Games.
