The Meme Games – The Best Crypto To Buy Now?

Blending the excitement of the Olympics with the crypto world, The Meme Games allows users to bet on meme characters in fun, competitive events.

The price of Ethereum has crashed by 20% in the last 24 hours and is now trading at $2,326 as of 05:04 a.m. EST, according to data from CoinGecko. This comes as trading volume has skyrocketed by 238% to $54 billion.

Meanwhile, Jump Crypto, the crypto division of Jump Trading, has transferred 120,000 staked Ether tokens, which are currently valued at around $314 million. The firm has moved hundreds of millions of dollars worth of crypto to exchanges in recent days, sparking speculation that it may be preparing to sell its holdings.

This mass transfer comes five weeks after Kanav Kariya stepped down as Jump Crypto's president amidst rumors that the firm is exiting crypto.

Can Ethereum Price Rebound?

The price of Ethereum has been on a downtrend since the start of August, crashing from the $3,250 resistance zone. Since then, ETH has been trading within a falling channel pattern.

However, today, ETH has dropped below the lower boundary of the channel, crashing into the $2,250 support zone, according to data from GeckoTerminal.

The price of Ethereum is now trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which further supports the continued bearish trend of the token.

In addition, the Relative Strength Index (RSI) on the 1-hour chart is at 25, indicating that the asset is facing strong selling pressure and is currently undervalued.

With the asset being undervalued, this now acts as a buying signal. If investors start buying, the token may rise back to the channel, with the price of Ethereum targeting $3,300 in the long term.

On the other hand, if the bears continue applying more pressure, ETH could drop further to hit 2,200, which acts as a cushion against downward pressure.

As Ethereum price suffers, The Meme Games (MGMES), an Olympic Games-themed meme coin, is gaining momentum.

The Meme Games – The Best Crypto To Buy Now?

Blending the excitement of the Olympics with the crypto world, The Meme Games allows users to bet on meme characters in fun, competitive events.

The Meme Games introduces a gamified experience where users can wager on meme characters like Dogecoin ($DOGE), Pepe ($PEPE), DogWifHat ($WIF), Brett ($BRETT) and Turbo ($TURBO) as they compete in Olympic Games-style events.

Believe it or not, this is what peak performance looks like. ⛵️?#Paris2024 #Crypto $MGMES $PEPE pic.twitter.com/s1WoewVbqD

— The Meme Games (@MemeGames2024) August 4, 2024

Gaining rapid popularity, The Meme Games has already raised over $338,000 in its presale and is set to make waves with its DEX listing on September 10.

The project also offers an impressive 639% annual percentage yield (APY) for those who buy and stake $MGMES tokens, further enhancing its appeal.

That's why influential crypto analyst and YouTuber Austin Hilton, with 272k subscribers, predicts that $MGMES “will be huge.”

The Meme Games is an exciting new option for a thrilling and rewarding crypto experience, and it offers investors the chance to win a 25% token bonus when they join. New buyers enter a chose meme coin into a race and have about a 20% chance of winning 25% of their original investment.

You can also enter multiple times to increase your chances of winning. The more you invest in the presale, the higher your odds of securing this reward.

You can buy $MGMES tokens for $0.00915 each. But buy soon to lock in the best deal as a price hike will come in less than two days.

To join the presale, buy $MGMES from the official website here using ETH, BNB, USDT, or a bank card.

Related News

The above is the detailed content of The Meme Games – The Best Crypto To Buy Now?. For more information, please follow other related articles on the PHP Chinese website!