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A closely followed analyst says one altcoin flying under the radar may be trading well below its fair value.
Pseudonymous analyst Inmortal tells his 214,300 followers on the social media platform X that he’s long-term bullish on Mythos (MYTH).
Mythos is a multi-chain ecosystem that aims to democratize gaming for creators and players.
According to Inmortal, Mythos is undervalued based on its strong fundamentals.
“1. [Mythical Games] is the only company ever to get an NFT (non-fungible token) marketplace approved by the App Store
2. They have partnered with Pudgy Penguins. In case you have been living in a cave for the last few months it is the most respected NFT now.
3. GameFi is next to AI (artificial intelligence): the most powerful narratives of the cycle. That’s no surprise. Gaming makes $100 billion in revenue annually…
For me who wants to have a portion of my portfolio in one of the strongest narratives this cycle, MYTH is a good choice, to be honest.”
Looking at the chart of MYTH, Inmortal says the altcoin is flashing multiple bullish signals.
“About the chart.
> Consecutive higher lows
> Price above 200MA (moving average)
> Deviation setup with 200MA.”
MYTH, the 273rd largest crypto by market cap, is trading at $0.438 at time of writing.
Turning to memecoin Floki (FLOKI), Inmortal sees the altcoin breaking out and rallying to a fresh all-time high of $0.0006.
“Since the beginning of 2024, I have been saying that FLOKI would lead memecoins this cycle, and it is happening. Be ready for acceleration.”
At time of writing, FLOKI is worth $0.000281.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
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