A popular crypto trader believes that Heroes of Mavia (MAVIA), a play-to-earn game built on Ethereum, has the potential to perform as well as Axie Infinity (AXS) did in 2021.
MAVIA: The Next Axie Infinity?
Pseudonymous trader Criptopaul shared his bullish sentiment with his followers, stating that MAVIA has the backing of top venture capital firms such as Binance Labs and Animoca Brands. He believes that MAVIA could see a 15-20x return on investment.
Technical Analysis
From a technical analysis perspective, Criptopaul believes that MAVIA could face resistance at $5, but expects it to rebound quickly.
Ethereum Dominance
Criptopaul also anticipates a sudden surge in the Ethereum versus Bitcoin pair (ETH/BTC), which could lead to a surge in altcoins. He believes that many investors have missed out on the opportunity and that confidence in the market will take time to recover.
Disclaimer
It’s important to note that this is not investment advice and investors should conduct their own research before making any investment decisions.
