A closely watched analyst says an altcoin that flies under the radar may be trading well below its fair value.
Pseudonymous analyst Immortal tells his 214,300 followers on social media platform X that he is optimistic about Mythos (MYTH) in the long term.
Mythos is a multi-chain ecosystem that strives democratize gaming for creators and players.
According to Inmortal, Mythos is undervalued based on its strong foundations.
“1. [Mythical Games] is the only company to ever get an NFT (non-fungible token) marketplace approved by the App Store
2. They collaborate with Pudgy Penguins. If you’ve been living in a cave for the past few months, this is now the most revered NFT.
3. GameFi is next to AI (artificial intelligence): the most powerful stories in the cycle. That’s no surprise. Gaming generates $100 billion in revenue annually…
For me who wants to have part of my portfolio in one of the strongest stories of this cycle, MYTH is a good choice, to be honest.
Looking at MYTH’s chart, Inmortal says the altcoin is showing multiple bullish signals.
‘About the graph.
> Consecutive higher lows
> Price above 200MA (moving average)
> Deviation setting with 200MA.”
MYTH, the 273rd largest cryptocurrency by market cap, is trading at $0.438 at the time of writing.
As for memecoin Floki (FLOKI), Inmortal sees the altcoin breaking out and rising to a new all-time high of $0.0006.
“I’ve been saying that since the beginning of 2024 FLOKI memecoins would lead this cycle, and it’s happening. Be ready for acceleration.”
At the time of writing, FLOKI is worth $0.000281.
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Generated image: Midjourney