Altcoins
Analyst Names an Undervalued Small-Cap Altcoin with a Strong Narrative, Updates Outlook on FLOKI
A closely followed analyst says an altcoin flying under the radar could be trading well below its fair value.
Pseudonym analyst Immortal tells his 214,300 followers on social media platform X that he’s long-term bullish on Mythos (MYTH).
Mythos is a multi-chain ecosystem that aims to do this democratize games for creators and players.
According to Inmortal, Mythos is underrated based on its solid fundamentals.
“1. [Mythical Games] is the only company to have an NFT (non-fungible token) marketplace approved by the App Store
2. They teamed up with Pudgy Penguins. In case you’ve been living in a cave for the past few months, it’s now the most respected NFT.
3. GameFi is next to AI (artificial intelligence): the most powerful narratives of the cycle. It’s not a surprise. Gaming generates $100 billion in revenue per year…
For me wanting to have part of my portfolio in one of the strongest narratives of this cycle, MYTH is a good choice, to be honest.”
Looking at MYTH’s chart, Inmortal says the altcoin is sending multiple bullish signals.
«About the graph.
> Consecutive highest lows
> Price above 200MA (moving average)
> Configuring the deviation with 200MA.”
Source: Immortal/X
MYTH, the 273rd largest cryptocurrency by market cap, is trading at $0.438 at the time of writing.
Moving on to the Floki memecoin (FLOKI), Inmortal sees the altcoin explode and reach a new all-time high of $0.0006.
“Since early 2024, I have said that FLOKI would lead memecoins in this cycle, and it is happening. Be ready for acceleration.
At the time of writing, FLOKI is worth $0.000281.
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