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Trader’s $1.40 Grows to $17,700 with Meme Coin Investing

Aug 1, 2024

A savvy trader has bagged a $17,700 profit with just $1.40 of initial capital after investing in a meme coin.

A crypto investor, Kakashi, explained on X on July 30 that the trader initially started out with $1.40 of ORC.

He then sold this for $4,759. He then purchased $1.74 of CatDog, which he sold for $17,700.

Kakashi notes that this trader tends to ape into new Solana meme coins with a 0.01 SOL investment.

Readers can track this trader’s Solana wallet at 6vd8cGfnr46BWpR3JWSAMfytZuXDeWvi8hq2xVfzuoU.

One user noted that the wallet is probably a bot.

That means this investment strategy might not be accessible for most retail meme coin traders.

So, what alternative strategies can meme coin investors consider to increase their chances of success?

Well, one often overlooked strategy is in new meme coin presale investing.

Analysts at Cryptonews.com keep a close eye on the meme coin market for promising opportunities.

One meme coin presale they think shows a lot of promise is an Olympic-themed coin called The Meme Games (MGMES).

Here’s why they rank it as one of their best options for meme coin investing.

The Meme Games – Best New Meme Coin?


The Olympics kicked off last week, and buzz is building as major events like the 100m final near.

The Olympics has not issued an official token, however, leaving a gap for crypto market participants to create their own.

One new Olympics meme coin called The Meme Games (MGMES) is staking a strong claim for the spot of the “unofficial” meme coin of this Olympics game.

The Meme Games features five top meme coins, which participate in a fun purchase to play and earn the game.

Thanks to its gamification, passive income potential, and relevance to the Olympics, MGMES could catch the zeitgeist in the coming months.

Cryptonews.com’s in-house presale analyst Chester outlines why he thinks Olympics meme coin MGMES has 100x potential.

Everything You Need to Know About MGMES


New meme coin The Meme Games kicked off its presale just a few weeks ago and has already attracted over $300,000 in early investment.

MGMES tokens are currently available for $0.00915 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.

That’s because the MGMES price is set to rise when the presale hits $1 million.

The Meme Games presale runs concurrently with this year’s Olympics in Paris, which concludes on 8 September at the Paralympics closing ceremony.

On September 10, the token will list on decentralized exchanges, and its price is subsequently expected to explode.

MGMES – A Play-to-earn & Passive Income Gem?


Presale investors can get a solid MGMES bonus if they participate in the project’s play-to-earn game.

To play, presale investors must select one of their favorite meme coin characters. The five options include Dogecoin, Pepe, DogWifHat, Brett, or Turbo.

Their chosen character then competes in a 169m sprint. They have a 20% chance of winning a 25% bonus presale purchase bonus.

MGMES investors should also note that they can earn massive yields on their MGMES bags.

Current staking yields are around 704% APY, per the official website.

At that rate, 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 Trader’s $1.40 Grows to $17,700 with Meme Coin Investing appeared first on Cryptonews.


#IndustryTalk #Memecoin #Olympicmemecoin
[Source: CryptoNews]

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