MYTH token spikes over 50% in a week amid NFL Rivals boom 
Cryptocurrency Sep 27, 2024 Share
Mythos (MYTH), the native token of the GameFi platform Mythical Games, has recorded double-digit gains in the weekly timeframe. The token was up over 50% over the past seven days as of press time.
Although this achievement is consistent with general market movements, the gains can also be seen as a reaction to Mythical Games’ NFL Rivals Season 2 and the Mythical Forest campaign, both of which recorded notable demand among players.
For instance, NFL Rivals was downloaded more than 5 million times and recorded over 115 million games played in its first season amid a partnership deal with Super Bowl champions, the Kansas City Chiefs; Mythical Games indicated in a statement shared with Finbold on September 27.
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The game is currently in its second season, which went live on September 5. It features new updates aimed at enhancing the existing NFT marketplace. Indeed, the second season, which commenced before the new NFL season, allows players to build their dream team around real-life NFL players.
Beyond the NFL Rivals offering, Mythical Games has also focused on engaging non-sports fans with the rollout of the Mythical Forest campaign. The game is designed to allow players to collect gems, climb leaderboards, and mint NFTs. It features a 2 million MYTH prize pool to be shared by about 1 million users participating in the campaign. To this end, MYTH is positioning itself to rank among the top cryptocurrencies in the gaming industry.
The Mythical Forest campaign will end on October 13, ahead of anticipated new releases such as Blankos and Pudgy Penguins, which are slated for early 2025.
MYTH price analysis
As of press time, MYTH was trading at $0.24, having rallied over 12% in the past 24 hours. The token is also up 53% on the weekly chart.
MYTH seven-day price chart. Source: CoinMarketCap
Amid the current price movement, crypto analysts with the pseudonym Ambrish Crypto noted in an X post on September 27 that MYTH is primed for notable gains in the coming days. He observed that the token has surged above its critical golden support level, triggering a strong bullish trend.
With increasing buying pressure and a significant volume of over 18 million, the analyst expressed optimism about MYTH’s trajectory. The technicals suggest the next major resistance is at $0.35, representing a potential over 50% rise from current levels.
MYTH price analysis chart. Source: Ambrish Crypto
Notably, the bullish outlook around MYTH coincides with a period in which some market players are signaling the possible onset of an altcoin season. As reported by Finbold, Ali Martinez warned that “an altcoin season is just around the corner” after highlighting a downtrend breakout in the total crypto market cap, excluding the top 10 assets.
In conclusion, MYTH appears well-positioned for further gains. The token will depend heavily on the outlook of the general crypto market, in addition to the fundamentals and key technical indicators.