A new report from market expert Sam Daodu claims that several large-cap cryptocurrencies, including XRP, are still “undervalued” relative to the activity and infrastructure being built beneath them.
In Daodu’s view, the altcoin market has not fully recovered from the decline that pushed the crypto into bearish territory — an environment where most major tokens fell much harder than Bitcoin (BTC) and struggled to regain momentum.
The Ethereum puzzle
Expert starts with Ethereum (ETH), pointing out interesting disconnection; the price has fallen, but network usage remains high. Ethereum is trading about 57% below its August 2025 all-time high of $4,946. But he stresses that the fundamentals on the chain are not consistent with that level of weakness.
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Ethereum, he says, holds approximately $43 billion in total value locked (TVL) through its decentralized finance (DeFi) protocols—more than any other blockchain—while maintaining the largest pool of DeFi capital, the broadest base of stablecoins, and some of the deepest trading infrastructure in the ecosystem.
Daodu attributes some of that valuation gap to an upgrade schedule aimed at improving performance. He points to Glamsterdam, which is slated for mid-2026, as a potential catalyst that could resolve lingering grievances that have kept ETH below current highs despite record activity on the chain.
CLARITY Act Momentum for XRP
XRP is another central part of the report, and Daodu’s case is based on the idea that the ledger is seeing increased activity even as price consolidation continues. It says XRP spent most of 2026 trading between $1.30 and $1.50, about 62% below its July 2025 high of $3.65.
While it looks like a stagnant range on the charts, Daodu claims that the XRP Ledger is “busier than ever.” It notes that daily transactions reached 3 million in March, fueled by new trading pools, stablecoins and real-world assets (RWA) moving on-chain.
Then came the regulatory turning point. On May 14, the US Senate Banking Committee supported the CLARITY Act by 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 Senate consideration.
Daodu emphasizes that while a joint decision by the SEC and CFTC has already granted commodity status to XRP at the agency level, a future administration can overturn the agency’s decision — while the law is harder to overturn.
That difference, he says, is part of the reason institutions continue to hoard XRP even as the token’s price has fallen. He adds that Standard Chartered expects the bill could bring an estimated $4 billion to $8 billion into spot XRP ETFs and lift the token to at least $8.
Solana’s ‘price vs. fundamental’ case
Solana’s section follows a similar theme of price vs. foundations. Daodu says SOL peaked at $295 in January 2025 and then fell nearly 70% to $85. Even with that pressure on the chart, he argues that the network’s trajectory remains constructive.
It highlights the March 17, 2026 SEC-CFTC guidance that classified XRP and Ethereum as digital commodities, noting that the guidance also covered Solana and removed the security tag that kept big funds wary.
On top of that regulatory backdrop, Daodu points to developer growth and usage metrics. 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. It says LINK is trading around $9.50, down 82% from its May 2021 high of $52.99.
But he argues that Chainlink’s role in the market is far greater than its reaction to the spot price. Daodu points to Chainlink’s pricing sources and its Chain-to-Chain Interoperability Protocol (CCIP), describing how these tools support the real asset (RWA) economy.
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It also indicates scale and volume. Daodu says that Chainlink secures more than $75 billion in total cryptocurrency value, with CCIP alone moving around $18 billion in transfer volume each month.
Analysts, he adds, predict that the Oracle sector could grow tenfold by 2030 and that, if the prediction holds, Chainlink would be positioned as the backbone of that expansion.
Featured image created using OpenArt; chart from TradingView.com
