A well-respected analyst suggests that an overlooked altcoin may be trading below its true value.
Under the pseudonym Inmortal, the analyst shares with his 214,300 followers on X that he holds a positive long-term view on Mythos (MYTH).
Mythos is a diverse ecosystem designed to democratize gaming for both creators and players.
Inmortal believes that Mythos is undervalued considering its solid fundamentals.
“1. [Mythical Games] is the first company to have an NFT marketplace approved by the App Store
2. Their collaboration with Pudgy Penguins, a highly regarded NFT, is noteworthy.
3. GameFi is a major trend alongside AI (artificial intelligence): two of the most influential narratives of this cycle. It’s no surprise, given that gaming generates $100 billion in revenue annually…
For me, looking to invest in one of the strongest narratives of this cycle, MYTH seems like a solid choice, to be frank.”
Analyzing the MYTH chart, Inmortal notes several bullish indicators for the altcoin.
“Regarding the chart.
> Consistent higher lows
> Price above the 200-day moving average
> Deviation setup with the 200-day moving average.”
MYTH, the 273rd largest cryptocurrency by market cap, is currently trading at $0.438.
Shifting focus to memecoin Floki (FLOKI), Inmortal anticipates the altcoin breaking out and reaching a new all-time high of $0.0006.
“Since the start of 2024, I’ve been predicting that FLOKI would lead the memecoin market this cycle, and it’s happening. Brace yourself for acceleration.”
At present, FLOKI is valued at $0.000281.
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Disclaimer: The views expressed on The Daily Hodl do not constitute investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transactions and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the purchase or sale of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.
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