Analysts Highlight the Undervalued Altcoin MYTH and Predict a 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), predicting it to reach a new all-time high.

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

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Myths that boast solid fundamentals and bullish technicals

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.

Mythos is supported by mythical games, the only company to have an App Store approved NFT (non-fungible token) marketplace. This approval signals significant institutional recognition and compliance, setting Mythos apart from many competitors. Additionally, Mythos has entered into a strategic partnership with Pudgy Penguins, a highly respected name in the NFT community. This collaboration increases Mythos’ visibility and credibility within the thriving NFT space.

Technically, MITO shows several bullish signals. The altcoin has shown consecutive higher lows, indicating a positive trend. Furthermore, MYTH price is above the 200-day moving average (200MA), a key indicator of long-term bullish momentum. Setting the deviation with 200MA increases 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 is expected to break through and reach new highs

In addition to Mythos, Inmortal also turned its attention to Floki memecoin. According to the analyst, FLOKI is set to break out and reach a new all-time high of $0.0006. This forecast is based on FLOKI’s performance since the beginning of 2024.

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Inmortal has been consistently 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 low, now expresses bullish sentiment on FLOKI. Blunz highlightingit is a significant technical model forming on the daily chart of FLOKI. He notes that FLOKI exhibits a bullish step pattern characterized by alternating higher highs and higher lows. This pattern is widely recognized in technical analysis as an indicator of bullish momentum. The emergence of this pattern suggests that FLOKI may soon experience a substantial price increase.

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

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