One closely watched analyst says an altcoin that flies under the radar could be trading well below its fair value.
Household analyst Inmortal told his 214,300 followers on social media platform X that he is bullish on Mythos (MYTH) for the long term.
Mythos is a multichain ecosystem that aims to democratize gaming for creators and players.
According to Inmortal, Mythos is undervalued due to its strong fundamentals.
“1. (Mythical Games) is the only company to have an App Store approved non-fungible token (NFT) marketplace.
2. They partnered with Pudgy Penguins. In case you’ve been living in a cave for the past few months, these are the most revered NFTs right now.
3. GameFi is the cycle’s strongest narrative after artificial intelligence (AI). This is not surprising. Games generate $100 billion in revenue annually…
For me, who wants to have part of my portfolio in one of the strongest narratives this cycle, honestly MYTH is a good choice.”
Looking at the MYTH chart, Inmortal says the altcoin is flashing several bullish signals.
“About the charts.
> Consecutive lows rising
> Price above 200MA (moving average)
> Set deviation to 200MA.”
MYTH, the 273rd largest cryptocurrency by market cap, is trading at $0.438 at the time of this writing.
Looking at Memecoin Floki (FLOKI), Inmortal sees the altcoin breakout and rise to a new all-time high of $0.0006.
“I have been saying this since early 2024. Floki Memecoins will lead the way this cycle, and it is happening. Get ready to accelerate.”
As of this writing, FLOKI is worth $0.000281.
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