An expert analyst has identified an undervalued altcoin with strong underlying fundamentals. Inmortal, a pseudonymous analyst with a substantial following, believes that Mythos (MYTH) is trading well below its fair value. Mythos is a multi-chain ecosystem that aims to democratize gaming for creators and players. Inmortal highlights several reasons why Mythos is undervalued, including being the only company to have an NFT marketplace approved by the App Store and its partnership with Pudgy Penguins, a highly respected NFT project. Additionally, Inmortal sees the convergence of GameFi and artificial intelligence as one of the most powerful narratives in the current market cycle, making Mythos a compelling choice for a portfolio allocation. From a technical analysis perspective, MYTH is displaying bullish signals, such as consecutive higher lows, the price being above the 200-day moving average, and a deviation setup with the 200-day moving average.
As for the memecoin Floki (FLOKI), Inmortal predicts a breakout and a rally to a new all-time high of $0.0006. Inmortal has been asserting since the beginning of 2024 that FLOKI would be at the forefront of memecoins during this cycle, and this prediction is materializing. FLOKI is currently valued at $0.000281.
It is important to note that the information provided in this analysis should not be considered financial advice, and investors should conduct their own research before making any investment decisions.