A well-respected analyst suggests that an overlooked altcoin may be undervalued in the current market.
Revealing insights under the pseudonym Inmortal, the analyst shares with his 214,300 followers on X that he holds a positive long-term outlook on Mythos (MYTH).
Mythos is a diverse ecosystem designed to democratize gaming for both creators and players.
Inmortal believes that Mythos is currently undervalued due to its robust fundamentals.
“1. [Mythical Games] is the first company to receive approval for an NFT (non-fungible token) marketplace from the App Store.
2. Their collaboration with Pudgy Penguins, the most reputable NFT currently available, is noteworthy.
3. GameFi is emerging as a powerful narrative alongside AI (artificial intelligence). Given that gaming generates $100 billion in revenue annually, this comes as no surprise.
For those looking to diversify their portfolio with one of the strongest narratives in this cycle, MYTH seems like a promising option, in my opinion.”
Analyzing the MYTH chart, Inmortal identifies several bullish indicators for the altcoin.
“Regarding the chart:
> Consistent higher lows
> Price above 200MA (moving average)
> Deviation setup with 200MA.”
MYTH, ranked as the 273rd largest cryptocurrency by market cap, is currently trading at $0.438.
Shifting focus to memecoin Floki (FLOKI), Inmortal anticipates the altcoin to break out and reach a new all-time high of $0.0006.
“Since the start of 2024, I have been predicting that FLOKI would lead the memecoin market this cycle, and it is unfolding as expected. Prepare for an upward surge.”
At present, FLOKI is valued at $0.000281.
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