Altcoins
Analyst Names Undervalued Small-Cap Altcoin With Strong Narrative, Updates Outlook on FLOKI
A closely followed analyst says an altcoin that flies under the radar could be trading well below its fair value.
Pseudonymous analyst Undying tells his 214,300 followers on social media platformMYTH).
Mythos is a multi-chain ecosystem that aims to democratize games for creators and players.
According to Inmortal, Mythos is undervalued by relying on solid fundamentals.
“1. [Mythical Games] is the only company to get an App Store approved NFT (non-fungible token) marketplace
2. They teamed up with Pudgy Penguins. If you’ve been living in a cave for a few months, this is currently the most respected NFT.
3. GameFi is next to AI: the most powerful stories of the cycle. It is not a surprise. Video games generate $100 billion in revenue per year…
For me wanting to have a piece of my portfolio in one of the strongest narratives of this cycle, MYTH is a good choice, to be honest.
Looking at the MYTH chart, Inmortal says the altcoin is giving several bullish signals.
“About the chart.
> Consecutive lows on the rise
> Price above 200MA (moving average)
> Diversion configuration with 200MA.
Source: Immortal/X
MYTH, the 273rd largest crypto by market cap, is trading at $0.438 at the time of writing.
Let’s move on to the Floki memecoin (FLOKI), Inmortal sees the altcoin breaking out and reaching a new all-time high of $0.0006.
“Since the start of 2024, I have been saying that FLOKI would lead memecoins this cycle, and it is happening. Be ready for acceleration.
At the time of writing, FLOKI is worth $0.000281.
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