An analyst known as Inmortal, sharing insights with a large following, suggests that a lesser-known altcoin may be undervalued in the current market.
In a post on the social media platform X, Inmortal expresses long-term optimism about Mythos (MYTH), a multi-chain ecosystem focused on democratizing gaming for creators and players. Citing strong fundamentals, Inmortal believes that Mythos is trading below its fair value.
Inmortal highlights key points supporting his bullish stance on MYTH:
1. Mythical Games is the first company to have an NFT marketplace approved by the App Store.
2. Partnership with Pudgy Penguins, a highly regarded NFT.
3. GameFi, akin to AI, is a powerful narrative in the current cycle, given the gaming industry’s massive revenue generation.
For Inmortal, MYTH presents an attractive opportunity to align with a strong narrative in the market.
Analyzing the price chart of MYTH, Inmortal notes several bullish signals:
– Consistent higher lows
– Price above the 200-day moving average
– 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.
Turning to the memecoin Floki (FLOKI), Inmortal anticipates a breakout with the altcoin reaching a new all-time high of $0.0006.
Since the beginning of 2024, Inmortal has been predicting that FLOKI would lead memecoins in this cycle, a prediction that is materializing.
At present, FLOKI is valued at $0.000281.
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