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XRP, ETH, SOL, LINK Look Cheap—The Catalysts That Could Drive The Next Leg Up
TL;DR
Market expert Sam Daodu claims several large-cap cryptocurrencies, including XRP and ETH, are undervalued despite strong underlying activity. He highlights Ethereum's robust on-chain fundamentals, contrasting them with its current price decline.
Key points
- Sam Daodu claims several large-cap cryptocurrencies are undervalued
- Ethereum is trading 57% below its August 2025 all-time high
- Ethereum holds $43 billion in total value locked in DeFi protocols
- The altcoin market has not fully recovered from previous drawdowns
- Most major tokens have fallen harder than Bitcoin
A new report from market expert Sam Daodu argues that several large-cap cryptocurrencies, including XRP, are still “undervalued” relative to the activity and infrastructure building underneath them.
In Daodu’s view, the altcoin market hasn’t fully recovered from the drawdown 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), pointing out an interesting disconnect; the price is down, yet the network’s usage remains strong. Ethereum is trading about 57% below its August 2025 all-time high of $4,946. But he stresses that on-chain fundamentals don’t line up with that level of weakness.
Ethereum, he says, holds roughly $43 billion in total value locked (TVL) across its decentralized finance (DeFi) protocols—more than any other blockchain—while also maintaining the largest pool of DeFi capital, the widest stablecoin base, and some of the deepest trading infrastructure in the ecosystem.
Daodu links part of that valuation gap to an upgrade schedule aimed at improving performance. He points to Glamsterdam, targeted for mid-2026, as a potential catalyst that could address the longstanding complaints that have kept ETH below current peaks despite record on-chain activity.
CLARITY Act Momentum For XRP
XRP is another centerpiece of the report, and Daodu’s case is built on the idea that the ledger is seeing increased activity even as price consolidation continues. He says XRP has spent much of 2026 trading between $1.30 and $1.50, sitting around 62% below its July 2025 high of $3.65.
While that looks like a stagnant range on charts, Daodu argues the XRP Ledger has been “busier than ever.” He points to daily transactions hitting 3 million in March, driven by new trading pools, stablecoins, and real-world assets (RWAs) moving onto the chain.
The daily chart shows XRP’s current consolidation at $1.35. Source: XRPUSDT on TradingView.com
Then came a regulatory turning point. On May 14, the US Senate Banking Committee advanced the CLARITY Act in 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 on the Senate floor.
Q&A
Why does Sam Daodu believe XRP is undervalued?
Sam Daodu argues that XRP is undervalued due to significant activity and infrastructure development supporting its value.
What is the current price status of Ethereum compared to its all-time high?
Ethereum is currently trading about 57% below its all-time high of $4,946 reached in August 2025.
How much total value is locked in Ethereum's DeFi protocols?
Ethereum holds approximately $43 billion in total value locked (TVL) across its decentralized finance protocols.
What factors contribute to the perception of undervaluation in the altcoin market?
The perception of undervaluation in the altcoin market is attributed to a lack of recovery from previous drawdowns and the significant price declines relative to Bitcoin.
