Notcoin Falls 11% as Market Shifts to New Play2Earn Crypto Opportunity: The Meme Games, Riding the Hype of the Paris Olympics 2024
As the Paris 2024 Olympics captivate the world’s attention, the cryptocurrency market is experiencing a significant shift. Notcoin (NOT), once a promising player in the Web3 gaming space, has faced a notable decline of approximately 11.11% over the past week.
This downturn reflects broader market dynamics and investor sentiment shifting toward new and innovative crypto projects like The Meme Games, a novel Play2Earn cryptocurrency that capitalises on the excitement surrounding the Olympics.
Notcoin’s Recent Market Decline
Notcoin’s recent struggles are indicative of the challenges faced by many cryptocurrencies attempting to maintain investor interest and confidence. Initially celebrated for its community-driven approach on the TON blockchain, Notcoin attracted users with its unique gaming mechanics.
However, recent price volatility, ranging between $0.01411 and $0.01769, has shaken investor confidence. Contributing factors include limited liquidity and selling pressure from early adopters who took advantage of initial airdrops, leading to unstable market conditions.
In addition to market dynamics, technological and operational setbacks have hampered Notcoin’s growth. Although features like “Earnings Missions” were introduced to boost user engagement and offer passive income, these innovations have not effectively countered selling pressure.
The Rise of The Meme Games During Paris Olympics 2024
In stark contrast to Notcoin’s decline, The Meme Games is emerging as a vibrant new player in the cryptocurrency market, capturing the imagination of retail traders during the Paris 2024 Olympics.
This innovative project has quickly gained traction, surpassing the $100,000 mark in its presale just two weeks after its launch. The Meme Games offers a unique blend of meme culture and Olympic-themed excitement, drawing significant interest from investors.
The Meme Games introduces a creative twist to the meme coin concept by hosting Olympic-style events where five popular meme coins compete against each other. Users can place bets on their favourite meme coin athletes, earning the native ERC-20 token, $MGMES, if their chosen coin wins. This gamified approach adds a layer of excitement to the Olympic festivities, capturing the attention of both crypto enthusiasts and sports fans alike.
Priced at $0.0091 per $MGMES, the token’s value is set to increase to $0.0092, encouraging early participation. The presale will run until September 10, 2024, when the token is expected to be listed on decentralised exchanges (DEX), providing additional liquidity and potentially boosting its market valuation.
The Meme Coin Showdown: Competing Athletes
The Meme Games pits five top meme coins against each other in a virtual Olympic competition. Participants include Dogecoin ($DOGE) as Doge the OG, Pepe ($PEPE) as Pepe the Versatile, DogWifHat ($WIF) as Wif the Trendsetter, Brett ($BRETT) as Brett the Conqueror and Turbo (§TURBO) as Turbo the Speedster.
Users can place bets on these meme coins to win gold in events like the 169m sprint, with each having an equal chance of success.
Investors have the opportunity to make multiple entries by purchasing $MGMES tokens and selecting different meme coin athletes to increase their chances of winning. This engaging format encourages active participation in the events. The introduction of staking rewards, offering up to 729% annual percentage yield (APY), further incentivises investment in The Meme Games.
Investment Attraction and Community Growth
The attractive staking rewards have drawn substantial capital into The Meme Games during its presale phase. Approximately 13 million $MGMES tokens have already been staked, representing around 41% of the newly purchased tokens.
The gamified presale is just the beginning for The Meme Games. The project plans to expand its offerings with more games and broader applications for $MGMES within a growing ecosystem. This potential has attracted a rapidly growing community, with over 17,000 followers on X in just two weeks.
Reputable voices in the crypto community, such as YouTuber Austin Hilton, who boasts 272,000 followers, have expressed optimism about the project’s future, suggesting the possibility of significant returns for early investors.
Participating in the $MGMES Presale
For those interested in joining The Meme Games, approximately 38% of the total token supply, or 769 million tokens, is available during the presale. An additional 9.30%, or 188 million tokens, is earmarked for game winnings. Participants can purchase $MGMES using various payment methods, including ETH, USDT, BNB, or even bank cards, by connecting their crypto wallets, such as Best Wallet, to The Meme Games website.
Upon purchasing the Olympics meme coin, users can select their preferred meme coin athlete to compete in the events, with the opportunity to win additional tokens. The Meme Games has ensured the security of its platform, with its smart contract audited by SolidProof, which revealed no critical issues in its code.
INVEST IN $MGMES EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
For those interested in exploring new crypto opportunities, The Meme Games presents a compelling investment prospect. Join the growing community and take part in this exciting venture that combines the spirit of the Olympics with the potential for significant returns.
Don’t miss out on the chance to be part of this dynamic new chapter in the crypto market by investing in $MGMES today.
