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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Featured Image: Shutterstock/Nafees Zia