Inmortal, a well-known analyst, believes that one overlooked altcoin may be undervalued in the current market.
The pseudonymous analyst, Inmortal, shares his positive long-term outlook on Mythos (MYTH) with his 214,300 followers on the social media platform X. Mythos is a multi-chain ecosystem designed to democratize gaming for both creators and players. Inmortal highlights that Mythos is currently trading below its fair value due to its strong fundamentals.
According to Inmortal, Mythos stands out for several reasons:
1. Mythical Games is the first company to receive approval for an NFT marketplace from the App Store.
2. They have formed a partnership with Pudgy Penguins, a highly respected NFT project.
3. GameFi, akin to AI (artificial intelligence), is a powerful narrative in the current market cycle. Given that the gaming industry generates $100 billion in revenue annually, Mythos presents a compelling investment opportunity.
Inmortal also notes that the chart for MYTH is displaying multiple bullish signals, including consecutive higher lows, the price being above the 200-day moving average, and a deviation setup with the 200-day moving average.
MYTH, currently ranked as the 273rd largest cryptocurrency by market capitalization, is trading at $0.438 at the time of writing.
In addition to Mythos, Inmortal is optimistic about the memecoin Floki (FLOKI), expecting it to break out and reach a new all-time high of $0.0006. Inmortal has been predicting that FLOKI would lead the memecoin market this cycle since the beginning of 2024.
At the time of writing, FLOKI is valued at $0.000281.
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