A cryptocurrency strategist who follows closely believes that the altcoin that has been flying under the radar is poised to hit all-time highs again.
Pseudonymous analyst Altcoin Sherpa told his 211,000 followers on social media platform
“MAVIA: One of the best trades right now is to buy on the dip. I still think we will ultimately hit a new high next week.”
As of this writing, MAVIA is worth $8.80, down about 15% from its all-time high of $10.59 last month.
Traders also had their radar fixed on the underlying asset of Render (RNDR), a cryptocurrency project designed to provide a decentralized market for graphics processing units (GPUs).
According to Altcoin Sherpa, RNDR is likely to see more rallies this year, even if it witnesses a brief corrective move.
“RNDR: I would like to lower the price of this product to less than $10. “I still think we will achieve great results in 2024,” he said.
As of this writing, RNDR is worth $12.04.
Another coin on Altcoin Sherpa’s list is the utility and governance token of Illivium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. Analysts say the Illuvium team is continuing to make games even after its price fell significantly during the recent bear market.
“Other coins that look good are things like ILV. There are 10x more left before the all-time high is reached. With a team still building and a more polished product, finding these dead games would probably be a good idea to hop on the train for a spot back.”
As of this writing, ILV is trading at $140.81.
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Featured Image: Shutterstock/Nafees Zia