A closely watched crypto strategist thinks an altcoin flying under the radar is gearing up to hit its all-time high again.
Pseudonymous analyst Altcoin Sherpa tells his 211,000 followers on social media platform
“MAVIA: one of the best trades right now, dips are to buy. I still think it will ultimately aim for the highs in the coming week(s).”
At the time of writing, MAVIA is worth $8.80, down about 15% from the all-time high of $10.59 it reached last month.
The trader has also focused his radar 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 there is a short corrective move.
“RNDR: would like a pullback to less than $10 for this. I still think it will produce big numbers in 2024.”
At the 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 the team behind Illuvium continues to build the game even after a massive price drop during the recent bear market.
“Other coins that also look good are things like ILV. There are still 10x to go before it hits an all-time high. Finding these dead games with teams still building + more refined products = probably good for jumping on the spot bag bandwagon.
At the time of writing, ILV is trading at $140.81.
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Featured image: Shutterstock/Nafees Zia