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Cryptocurrency News Articles
Mythos (MYTH) Records Double-Digit Gains as NFL Rivals Season 2 and Mythical Forest Campaign See Notable Demand
Sep 28, 2024 at 01:25 am
Mythos (MYTH), the native token of the GameFi platform Mythical Games, has recorded double-digit gains in the weekly timeframe.
The native token of GameFi platform Mythical Games (MYTH) has seen double-digit gains in the weekly timeframe, rising over 50% in the past seven days at press time.
While the gains are in line with the general market movements, the token also responds to the demand recorded by Mythical Games’ NFL Rivals Season 2 and the Mythical Forest campaign.
For example, NFL Rivals crossed 5 million downloads and 115 million games played in its first season amid a partnership partnership with Super Bowl champions, the Kansas City Chiefs; Mythical Games said in a statement shared with Finbold on September 27.
The game is now in its second season, which went live on September 5, featuring new updates designed to enhance the existing NFT marketplace integration into the game.
The second season, which began ahead of the new NFL season, enables players to build their dream team centered around real-life NFL players, as previously reported.
In addition to the NFL Rivals offering, Mythical Games has also sought to engage non-sports fans with the Mythical Forest campaign rollout.
The game sees players collect gems, climb leaderboards, and mint NFTs in a campaign that features a 2 million MYTH prize pool to be shared among nearly 1 million users participating in the campaign. As a result, MYTH stands to rank among the top cryptocurrencies in the gaming space.
The Mythical Forest campaign will conclude on October 13, ahead of the highly anticipated new releases of Blankos and Pudgy Penguins, which are slated for early 2025.
MYTH price analysis
At press time, MYTH trades at $0.24, up over 12% in the past 24 hours. The token also gains 53% on the weekly chart.
Amid the current price movement, crypto analyst Ambrish Crypto highlighted in an X post on September 27 that MYTH is setting up for a strong move up next.”
He noted that the token has surged above its critical golden support, sparking a bullish trendline.” With increasing buying pressure and a volume of 18,383,233, the analyst is bullish on MYTH, and the technicals show the next major resistance at $0.35, presenting a potential rally of over 50%.
Elsewhere, as some market players signal the possible onset of an altcoin season, it is worth noting that Finbold reported in September that Ali Martinez warned that “an altcoin season is just around the corner” after observing a total crypto market cap (excluding top 10 assets) breaking out bearishly.
Overall, MYTH appears poised for further gains, although the token will largely be impacted by the outlook of the general crypto market, in addition to the fundamentals and key technical indicators.
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