One trader who has a large following believes that a gaming project called Heroes of Mavia (MAVIA) on the Ethereum (ETH) network could have a similar impact as Axie Infinity (AXS) did in the last market cycle. AXS experienced a massive gain of 174,900% in 2021, going from around $0.10 to $175. Criptopaul, the anonymous trader, shared his thoughts with his 107,600 followers on the social media platform X, stating that MAVIA has the potential to be the next AXS due to its support from prominent venture capital firms. He added that MAVIA is one of the most popular games in the crypto space, bridging the gap between Web2 and Web3 concepts.

Criptopaul purchased a significant amount of MAVIA at $3.33 and believes it has the potential for a 15-20x return on investment. He highlighted that MAVIA is backed by top-tier venture capital firms such as Binance Labs, Hashkey, Delphi Digital, Animoca Brands, Merit Circle, and Genblock. In terms of resistance levels, Criptopaul identified $5 as the first obstacle that MAVIA needs to overcome. He also mentioned that technical analysis suggests a quick rebound to $5, presenting an opportunity to secure some profits while holding onto the rest.

Criptopaul also shared his anticipation for a sudden surge in the Ethereum versus Bitcoin pair (ETH/BTC), which often indicates the strength of altcoins. He believes that many people will be taken by surprise by the rise of ETH/BTC and that overall market confidence will take a long time to recover for retail investors. He mentioned the well-known investment principle of “buying when there is blood in the streets,” but noted that many struggle to apply it.

As with all investment advice, it is important to conduct thorough research and exercise caution before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this information was sourced, does not provide investment advice and urges readers to take responsibility for their own transfers and trades.