A well-known trader believes that a gaming project on the Ethereum blockchain called Heroes of Mavia (MAVIA) has the potential to be the next big hit, similar to Axie Infinity (AXS), which saw massive gains in 2021. The trader, known as Criptopaul, shared his thoughts with his large following on X, a social media platform.
According to Criptopaul, MAVIA has the backing of reputable venture capital firms, which adds to its potential. He stated that he heavily invested in MAVIA at a price of $3.33 and believes it is the best Web3 game in the crypto space, bridging concepts from Web2 to Web3. He also mentioned that MAVIA has gained significant popularity among users and on YouTube.
Criptopaul predicts that MAVIA has the potential to deliver a return on investment (ROI) of 15-20x, similar to the success seen with AXS. 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.
From a technical analysis perspective, Criptopaul believes that MAVIA may face resistance at around $5. However, he expects a quick rebound to occur at that level, providing an opportunity to take profits while holding onto the remaining investment.
In addition to MAVIA, Criptopaul also mentioned his anticipation of a sudden move in the Ethereum versus Bitcoin pair (ETH/BTC), which often indicates the strength of altcoins. He believes that many people will be caught off guard by a pump in the ETH/BTC pair, which could impact confidence in the market. He emphasized the importance of buying during market downturns, but acknowledged that it can be challenging for many.
Overall, Criptopaul’s insights provide valuable information for cryptocurrency investors, highlighting the potential of MAVIA and the importance of monitoring the ETH/BTC pair.
