A new report from market expert Sam Daodu states that several large-cap cryptocurrencies, including XRP, are still “undervalued” relative to the activity and infrastructure being built under them.
According to Daodu, the altcoin market has not yet fully recovered from the downturn that pushed crypto into bear territory – an environment where most major tokens have fallen much harder than Bitcoin (BTC) and have struggled to regain momentum.
The Ethereum puzzle
The expert starts with Ethereum (ETH), point out an interesting disconnect; the price has dropped, but network usage remains strong. Ethereum is trading about 57% below its August 2025 all-time high of $4,946. But he emphasizes that the fundamentals in the chain do not match that level of weakness.
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Ethereum, he says, has approximately $43 billion in total value (TVL) in its decentralized finance (DeFi) protocols – more than any other blockchain – while also maintaining the largest pool of DeFi capital, the broadest stablecoin base and some of the deepest trading infrastructure in the ecosystem.
Daodu ties some of that valuation gap to an upgrade schedule aimed at improving performance. He points to Glamsterdam, scheduled for mid-2026, as a potential catalyst that could address the long-standing complaints that have kept ETH below current highs despite record activity on the chain.
CLARITY Act Momentum for XRP
XRP is another centerpiece of the report, and Daodu’s case is based on the idea that the ledger is seeing increasing activity even as price consolidation continues. He says XRP has traded between $1.30 and $1.50 for much of 2026, about 62% below its July 2025 high of $3.65.
While that seems like a stagnant range on the charts, Daodu claims the XRP Ledger has been “busier than ever.” He points to daily transactions reaching 3 million in March, driven by new trading pools, stablecoins and real-world assets (RWAs) moving on-chain.
Then came a turning point in regulations. On May 14, the U.S. Senate Banking Committee proposed the CLARITY Act on a 15-9 vote. He describes the bill as one that would permanently classify XRP as a commodity under federal law, with the next step being consideration in the Senate.
Daodu emphasizes that while the joint SEC-CFTC ruling already gave XRP agency-level commodity status, an agency ruling can be reversed by a future administration – while legislation is more difficult to undo.
That difference, he believes, is one reason why institutions continue to accumulate XRP even though the token’s price has struggled. He adds that Standard Chartered expects the bill could bring an estimated $4 billion to $8 billion into spot XRP ETFs and push the token to at least $8.
Solana’s Case ‘Price vs. Fundamentals’
Solana’s section follows a similar theme to price versus fundamentals. Daodu says the SOL peaked at $295 in January 2025, then fell nearly 70% to $85. Even with this pressure on the map, he believes the network’s trajectory remains constructive.
He highlights the March 17, 2026 SEC-CFTC guidance that classified XRP and Ethereum as digital commodities, noting that the guidance also covered Solana and freed up the security label that had kept major funds cautious.
In addition to this regulatory background, Daodu points to developers’ growth and usage statistics. Solana reportedly added more than 11,500 new developers in the first nine months of 2025, second only to Ethereum.
Why Chainlink Looks Cheap
Chainlink, Daodu suggests, may be undervalued precisely because it doesn’t always dominate mainstream retail conversations. He says LINK is trading around $9.50, down 82% from its all-time high in May 2021 of $52.99.
But he argues that Chainlink’s role in the market is much bigger than its reaction to the spot price. Daodu points to Chainlink’s price feeds and the Cross-Chain Interoperability Protocol (CCIP), which detail how these tools support the real-world asset (RWA) economy.
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He also points out scale and volume. Daodu says Chainlink secures more than $75 billion in total value in crypto, and CCIP alone moves approximately $18 billion in transfer volumes every month.
Analysts, he adds, predict that the oracle sector could expand tenfold by 2030, and that if the prediction is correct, Chainlink would be positioned as the backbone of that expansion.
Featured image created with OpenArt; chart from TradingView.com