The cryptocurrency world is experiencing exciting change and transformation with the constant rise of new projects. Recently, Heroes of Mavia (MAVIA), a project that has been attracting attention, has gained a significant place on the radar of crypto analyst Criptopaul. The analyst believes that this Ethereum (ETH)-based gaming project could follow in the footsteps of Axie Infinity (AXS), which is known for its past successes.
The tremendous performance of AXS during the past bull cycle is etched in memory in the crypto world. In 2021, AXS rose from $0.10 to $175, with an almost unexpected rise, giving a return of 174,900%. This remarkable success has established AXS as a leading force in the gaming field and attracted the attention of investors.
According to the analyst, the Heroes of Mavia (MAVIA) project may have similar potential as AXS. One factor that supports this claim is that MAVIA is backed by several large and experienced venture capital firms. These companies’ trust and support for the project increases confidence in MAVIA’s future growth and success.
MAVIA’s potential is also supported by the growing interest in the gaming industry and the general demand for Ethereum-based projects. The intertwining of the gaming world with cryptocurrencies not only offers unique experiences to players, but also offers attractive opportunities to investors.
The analyst said the following about the altcoin prediction:
“We added MAVIA pretty heavily at $3.33. I talked about it on my Twitter before the launch. I still think this is the best Web3 game in the crypto space, bringing games and concepts from Web2 to Web3, being one of the most adopted and mentioned games among users and YouTube.
NEWS CONTINUES BELOWI believe this will be the AXS of this cycle, with a potential return on investment of 15-20x. It is basically backed by the best tier 1 funds/venture capital in this space like Binance Labs, Hashkey, Delphi Digital, then Animoca Brands, Merit Circle, Genblock.”
According to Criptopaul, from a short-term perspective, the $5 zone may be the first resistance level that MAVIA will overcome.
“From a TA (technical analysis) perspective, I believe we will see a very rapid recovery to $5, so you can take some of the profits and keep the rest; “This big drop is something that disrupts the market but creates great opportunities like this.”
Criptopaul also expects a sudden move in the Ethereum and Bitcoin pair (ETH/BTC), which is often used as a bellwether for altcoin strength. says.
“People will be stunned by ETH/BTC and altcoin rise
-many were left out
-It will take a long time for individual investors and users to recover confidence in the market
This will also be the reason for the simple rule of ‘buy while there is blood on the streets’, which will also be very difficult for many people to follow.”
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