Solympics Price Prediction: SOLYMPICS Plunges 43% As Experts Say Consider This Other Olympics Meme Coin For 10x Gains

The Solympics price crashed 43% in the last 24 hours to trade at $0.001918 as of 3.30 a.m. EST on trading volume that dropped 40% to $2.6 million.

Solympics is a brand-new cryptocurrency that launched only days ago in honor of the upcoming 2024 Olympics. The project aims to be the place where Solana’s memeable force meets the world’s favorite contest, allowing the users to experience hilarious memes, wild challenges, and epic competitions.

While the project initially skyrocketed post-launch, going up from $0.0009219 to $0.0040 on July 23, its price has since imploded.

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

Solympics Price Prediction

Since Solympics has only been around for a few days, so there is currently not a lot of historical data to draw from, and so making accurate predictions can be a challenge. The token has yet to reveal its full potential or the depths to which it may drop during bearish periods.

With that said, SOLYMPICS seemingly found a bottom at $0.0018, while a strong resistance prevented it from heading further up than $0.0040. The token’s price saw a strong rejection yesterday, July 23, which caused the bearish sentiment among traders. The token has seen a sharp narrowing of its Bollinger bands, which is a bearish signal.

However, its Relative Strength Index (RSI) value has dropped from overbought to the neutral zone, mostly fluctuating between 60 and 40. This suggests that buying and selling activities are almost equally matched, but they happen in waves, which prevents the RSI value from stabilizing at 50.

With the Olympics starting in only two days, the token could see a new bullish run soon, although technical indicators do not suggest that this will happen. But, if it does happen, it will be caused by fundamental factors, so indicators might not be an accurate representation of what is to come.

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

Even now, it is 156% higher than it was at the time of launch. That said, its recent price drop has been sharp, and investors should bear in mind that it’s likely to be a rollercoaster ride

Promising Alternative To Solympics

While the Solympics price is currently in a tough spot, some experts say that another Olympics-inspired token called The Meme Games (MGMES) has better potential. Influential crypto YouTuber Jacob Bury says this presale might be the next 10x meme coin.

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

The meme athletes will compete in various disciplines, and fans and supporters can stake bids, if they feel confident about who is going to win.

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

The Meme Games presale has already raised $233k, and it’s picking up pace. Its token, MGMES, sells for only $0.00905, and you can buy it with ETH, USDT, BNB, or credit/debit card.

With a price hike coming in 2 days, buy before then to lock in the best deal.

Visit the MGMES website here.

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