Olympics Price Prediction: SOLYMPICS Drops 43% Says Experts Consider This Other Olympic Meme Coin For 10x Gains

The price of Olympic Games has fallen by 43% in the last 24 hours of trading at 0.001918 As of 3:30 a.m. ET, trading volume was down 40% to $2.6 million.

Solympics is a brand new cryptocurrency that launched a few days ago in honor of the upcoming Olympic Games in 2024. The project aims to be the place where Solana’s token power meets the world’s favorite competition, allowing users to experience funny memes, wild challenges, and epic competitions.

Although the project initially saw a massive surge after launch, rising from $0.0009219 to $0.0040 on July 23, its price has since fallen sharply.

There are several reasons behind the decline, including the fact that a sharp correction is what usually follows such a rapid rise, and that the rest of the crypto industry is currently trading in the red.

Olympic Games Price Predictions

Since Solympics has only been around for a few days, there is currently not much historical data to draw on, so making accurate predictions can be challenging. The token has yet to reveal its full potential or the depths it may sink to during bearish periods.

Accordingly, SOLYMPICS appears to have found a bottom at $0.0018, while a strong resistance prevents it from heading beyond $0.0040. The token’s price saw a strong rejection yesterday, July 23, which caused a bearish sentiment among traders. The token also saw a sharp tightening of the Bollinger bands, which is a bearish signal.

However, the RSI value has dropped from overbought to neutral territory, mostly fluctuating between 60 and 40. This indicates that buying and selling activities are almost equal, but they occur in waves, preventing the RSI value from stabilizing at 50.

With the Olympics just two days away, the cryptocurrency could see a fresh upside wave soon, although technical indicators don’t suggest that will happen. But if it does happen, it will be driven by fundamental factors, so the indicators may not be an accurate representation of what’s to come.

On the other hand, the sudden shift in the broader crypto market sentiment could also impact SOLYMPICS in one way or another. The token has shown that it has buyers and there is interest.

To date, its price is still 156% higher than it was at launch. However, its recent price drop has been steep, and investors should keep in mind that it is likely to be a rollercoaster ride.

A promising alternative to the Olympics

While the Olympic Games price is currently in a tough spot, some experts say another Olympics-inspired token called The Meme Games (MGMES) has even better potential. YouTube influencer and cryptocurrency creator Jacob Perry says this presale could be the next 10x meme coin.

Meme Games (MGMES) It will host its own version of the Olympics, where athletes will be iconic meme characters, such as Dogecoin, Peppe, Dogwifhat, Turbo, and Brett.

Meme athletes will compete in various disciplines, and fans and supporters can place bids, if they are confident about who will win.

To do this, they must join the project’s presale and purchase MGMES during the ICO.

Meme Games’ presale has already raised $233K, and donations are still coming in. Its token, MGMES, is selling for just $0.00905, and you can buy it with ETH, USDT, BNB, or a credit/debit card.

With the price hike coming in a couple of days, buy before then to get the best deal.

Visit the MGMES website here.

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