Heroes of Mavia Poised to Follow Axie Infinity's Success, Backed by VC Giants

According to popular trader Criptopaul, Heroes of Mavia (MAVIA) has the potential to become the Axie Infinity (AXS) of this market cycle. Backed by notable venture capital firms, MAVIA is expected to yield potential returns of 15-20x, similar to AXS's remarkable 174,900% surge in 2021. As per technical analysis, MAVIA is anticipated to face initial resistance at $5, while Criptopaul predicts a sudden surge in ETH/BTC, indicating a favorable period for altcoin investments.

Heroes of Mavia emerges as a potential Axie Infinity of this crypto cycle, backed by top venture capital firms

In the realm of cryptocurrency and gaming, a prominent trader, known by the pseudonym Criptopaul, has identified a promising project that has the potential to emulate the meteoric rise of Axie Infinity (AXS) during the previous bull market.

Axie Infinity, a play-to-earn game that took the crypto world by storm in 2021, witnessed an astonishing 174,900% surge, skyrocketing from a mere $0.10 to a staggering $175.

Criptopaul, with a substantial following of 107,600 on the social media platform X, is now touting Heroes of Mavia (MAVIA) as a potential candidate to replicate the success story of AXS.

MAVIA, another play-to-earn game, shares striking similarities with Axie Infinity, particularly in its captivating gameplay and its focus on empowering players with in-game earnings.

However, what sets MAVIA apart and fuels Criptopaul's optimism is its robust backing by an impressive roster of seasoned venture capital firms. Binance Labs, Hashkey, Delphi Digital, Animoca Brands, Merit Circle, and Genblock are among the notable investors who have expressed confidence in MAVIA's potential.

"I talked about it on my Twitter before the launch and I still think it is the best Web3 game in the crypto space that is really bringing games and concepts from Web2 to Web3," Criptopaul asserted. "One of the most adopted and mentioned games from users and on YouTube."

Criptopaul's enthusiasm for MAVIA extends beyond its long-term prospects. From a short-term trading perspective, he anticipates a potential resistance level of $5, which the token may need to decisively overcome.

"From a technical analysis perspective, I believe we will see $5 rebound very fast," Criptopaul stated. "This big dip that overwhelmed the market but created great opportunities like this."

In addition to his bullish outlook for MAVIA, Criptopaul also discerns a significant move on the horizon for the Ethereum versus Bitcoin pair (ETH/BTC), which serves as a barometer for the strength of the altcoin market.

"ETH/BTC pump and altcoin with that-many have been left out-confidence in the market will take a long time to recover for retails and users," he projected. "This will be the cause, this is also the cause of the simple rule 'buy when there is blood in the streets,' but so difficult for many to apply."

Criptopaul's insights, backed by his expertise and experience in the cryptocurrency markets, offer valuable guidance for investors seeking potential opportunities amidst the current market volatility. As the crypto landscape continues to evolve, the emergence of projects like MAVIA, with its compelling gameplay, player-centric approach, and strong investor backing, presents intriguing possibilities for the future.