Analyst Highlights Altcoin’s Undervalued MYTH, Predicts Rally for FLOKI

• Analyst Inmortal is bullish on Mythos (MYTH), highlighting its strong fundamentals and undervaluation.

• Inmortal also predicts significant growth for the memecoin Floki (FLOKI), expecting it to reach a new all-time high.

Pseudonymous analyst Inmortal identified Myth (MYTH) as an undervalued altcoin, citing strong fundamentals and bullish technical signals. The analyst’s ideas have attracted considerable attention in the cryptocurrency community.

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Myth benefiting from strong fundamentals and bullish techniques

Inmortal highlighted Mythos, a multi-chain ecosystem designed to democratize gaming for creators and players, for its significant potential. However, despite its strong fundamentals, the analyst says Mythos is trading well below its fair value.

Myth is supported by Mythical games, the only company with an App Store approved NFT (non-fungible token) marketplace. This approval demonstrates significant institutional recognition and compliance, setting Mythos apart from many competitors. Additionally, Mythos has formed a strategic partnership with Pudgy Penguins, a highly respected name in the NFT community. This collaboration strengthens Mythos’ visibility and credibility in the booming NFT space.

Technically, MYTH presents several bullish signals. The altcoin showed higher consecutive lows, indicating a positive trend. Additionally, MYTH price is above the 200-day moving average (200MA), a key indicator of long-term bullish momentum. The deviation pattern with the 200MA adds to the optimism surrounding the altcoin’s potential for further gains.

At the time of writing, MYTH is the 273rd largest cryptocurrency by market capitalization, trading at $0.438. The combination of strong fundamentals and technical indicators suggests that Mythos may be significantly undervalued, presenting a potential opportunity for investors.

Memecoin Floki Expected to Break Out and Reach New Highs

In addition to Mythos, Inmortal has also focused its attention on the memecoin Floki. According to the analyst, FLOKI is about to break out and hit a new all-time high of $0.0006. This prediction is based on FLOKI’s performance since the start of 2024.

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Inmortal has always been bullish on FLOKI, predicting that it would lead the memecoin category in the current market cycle. FLOKI’s recent price movements appear to support this outlook, with the altcoin currently valued at $0.000281. Inmortal’s analysis highlights the importance of identifying undervalued assets with strong fundamentals and technical indicators.

Another respected analyst, Bluntz, who accurately predicted Bitcoin’s 2018 bottom, is now expressing bullish sentiment on FLOKI. Bluntz Highlighta significant technical model forming on the daily chart of FLOKI. He notes that FLOKI displays an ascending stair-step trend characterized by alternating higher highs and higher lows. This trend is widely recognized in technical analysis as an indicator of bullish momentum. The emergence of this trend suggests that FLOKI may soon experience a substantial price increase.

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According to Bluntz’s analysis, FLOKI is poised to soon reach “escape velocity.” He predicts that the token could reach a price of $0.00075. This projection represents a notable 162% increase from its current price of $0.000286. Such a significant upward move would mark a remarkable performance for FLOKI, attracting interest from traders and investors.

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