As the Floki (FLOKI) price struggles to recover from its recent sell-off, holders are flocking to an exciting new unlisted ICO that they hope can deliver near-term gains.
FLOKI was last trading around $0.0001280, up an impressive 30% from its Monday lows.
Global financial markets, including cryptos, suffered a major rout on Monday.
But that impressive recovery still leaves FLOKI down over 20% on the month, and more than 60% down from yearly highs above $0.00030.
With Floki seemingly trending lower, a retest of 2023 highs in the $0.00007 area is possible.
Amid the prospect of 45% drop from current levels, its no surprise that Floki holders are hunting for alternatives that might perform better.
One such alternative that is gaining a lot of attention is a new unlisted ICO called The Meme Games (MGMES).
The exciting new Olympic-themed meme coin, which features a fun play-to-earn (P2E) component, has garned glowing reviews from dozens of crypto influencers, including the likes of Jacob Crypto Bury, Conor Kenny and Clay Bro.
And analysts at Cryptonews.com rank it as one of there top presales to invest in right now.
Watch Cryptonews.com’s in-house presale analyst Crypto Arjay explain why the token could be a big success.
So, why is there so much hype surrounding new unlisted ICO The Meme Games? What are the above-mentioned influencers seeing in the project?
Let’s go over everything you need to know.
Exciting New Unlisted ICO The Meme Games (MGMES) – Everything You Need to Know
The Olympic Games kicked off just two weeks ago. But the event hasn’t issued an official token, leaving a gap for crypto market participants to create their own.
New unlisted ICO The Meme Games (MGMES) is staking a strong claim to the spot of the “unofficial” meme coin of this Olympics game.
The new crypto coin MGMES features five of the top meme coins, which partake in a fun P2E the game.
To play The Meme Games, presale investors must select one of their favorite meme coin characters. The five options include Dogecoin, Pepe, DogWifHat, Brett, or Turbo.
Their character then competes in a 169m sprint, where they have a 20% chance of winning a 25% bonus presale purchase bonus.
The unlisted ICO kicked off its presale just a few weeks ago and has already attracted nearly $350,000 from early investors.
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 under 5 days.
The Meme Games presale runs at the same time as this year’s Olympics in Paris, which concludes on 8 September.
MGMES will then list on decentralized exchanges on September 10.
But investors don’t need to wait until September for capital appreciation.
Indeed, MGMES presale investors can put their bags to work immediately via staking.
Current yields are around 614% APY, making MGMES a true passive income gem.
At that the current staking APY, investors could more-or-less double their initial MGMES bag by the time the presale closes in September.
That said, as the presale gathers pace, the APY will decline.
Nonetheless, MGMES looks set to be one of the best crypto staking coins this summer.
The post Floki Holders Flock to Unlisted ICO – What Are They Seeing? appeared first on Cryptonews.
Read More from Joel Frank on cryptonews.com