A mysterious analyst known as Inmortal has shared with his 214,300 followers on the social media platform X his positive outlook on the altcoin Mythos (MYTH), which he believes is currently undervalued.
Mythos is described as a multi-chain ecosystem with the goal of democratizing gaming for both creators and players. Inmortal highlights the strong fundamentals of Mythos, pointing out that it is the only company to have received approval for an NFT marketplace from the App Store. Additionally, Mythos has partnered with Pudgy Penguins, a highly esteemed NFT in the market.
Inmortal draws attention to the potential of GameFi as the next powerful narrative, likening it to artificial intelligence in terms of impact. He emphasizes the massive revenue generated by the gaming industry annually, making MYTH a compelling choice for investors looking to capitalize on this trend.
Analyzing the chart of MYTH, Inmortal notes several bullish signals including consecutive higher lows, price above the 200MA (moving average), and a deviation setup with the 200MA.
As of the current writing, MYTH is trading at $0.438 and is ranked as the 273rd largest crypto by market cap. Inmortal also predicts a breakout for the memecoin Floki (FLOKI), projecting a rally to a new all-time high of $0.0006. He has been anticipating FLOKI to lead the memecoin market this cycle since the beginning of 2024.
At the time of writing, FLOKI is valued at $0.000281. To stay updated on the latest developments in the cryptocurrency market, readers are encouraged to subscribe for email alerts and follow The Daily Hodl on X, Facebook, and Telegram.
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