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Cryptocurrency News Articles

This Pseudonymous Analyst Says These Two Altcoins Are Flying Under the Radar and May Be Trading Well Below Their Fair Value

Jun 10, 2024 at 08:00 am

Pseudonymous analyst Inmortal tells his 214300 followers on the social media platform X that he's long-term bullish on Mythos (MYTH).

This Pseudonymous Analyst Says These Two Altcoins Are Flying Under the Radar and May Be Trading Well Below Their Fair Value

A closely followed crypto analyst is keeping a close eye on one altcoin that he believes is trading significantly below its fair value.

The pseudonymous analyst, known as Inmortal, has 214,300 followers on the social media platform X, where he shares his analysis and market insights.

According to Inmortal, Mythos (MYTH) is a multi-chain ecosystem that aims to democratize gaming for creators and players. The analyst is bullish on MYTH due to 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.”

Inmortal also analyzes the technical chart of MYTH, highlighting several bullish signals.

“About the chart.

> Consecutive higher lows

> Price above 200MA (moving average)

> Deviation setup with 200MA.”

Ranked as the 273rd largest cryptocurrency by market capitalization, MYTH is trading at $0.438 at the time of writing.

Next up is memecoin Floki (FLOKI), which Inmortal anticipates will rally to a fresh all-time high of $0.0006 after breaking out.

“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 the time of writing, FLOKI is valued at $0.000281.

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