A closely followed crypto strategist thinks that an altcoin flying under the radar is gearing up to revisit its all-time high.
Pseudonymous analyst Altcoin Sherpa tells his 211,000 followers on the social media platform X that the native asset of the blockchain-based game Heroes of Mavia (MAVIA) looks poised for a rally toward its record high.
“MAVIA: one of the best trades right now, dips are for buying. Still think it guns for the highs ultimately in the coming week(s).”
At time of writing, MAVIA is worth $8.80, down about 15% from its all-time high of $10.59 which it hit last month.
The trader also has his radar locked on the native asset of Render (RNDR), a crypto project designed to provide a decentralized marketplace for Graphics Processing Units (GPUs).
According to Altcoin Sherpa, RNDR will see more rallies this year even if it witnesses a brief corrective move.
“RNDR: would love a pullback to sub-$10 for this one. I still think it’s going to do big numbers in 2024.”
At time of writing, RNDR is worth $12.04.
Another coin on Altcoin Sherpa’s list is the utility and governance token of Illivium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. The analyst says that the team behind Illuvium continues to build the game even after a massive price decline during the recent bear market.
“Other coins that also look good are stuff like ILV. Has another 10x to go before it goes to all-time highs. Finding these dead games with teams that are still building + more refined products = probably good to hop on the train for spot bags.”
At time of writing, ILV is trading for $140.81.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Nafees Zia
