📈 Value Investing Ratings - May 24

The best blockchains to buy based on our value investing framework

May 16, 2024

∙ Paid

Hey, investor 👋🏻

Every month we share the best blockchains to buy based on our value investing framework which aggregates fundamental metrics & value capture metrics discounted by the market multiples.

Let’s dive in!

Blockchains are the technology behind cryptocurrencies like Bitcoin and Ethereum.

So, by investing in blockchains, you're covering the entire crypto market backbone.

The ratings reflect the long-run potential of each token relative to the blockchain sector (L1 & L2).

The rating scale is as follows:

✅ Undervalued: We expect this token to outperform the sector.

➖ Fairly Valued: We expect this token to perform in-line with the the sector.

❌ Overvalued: We expect this token to underperform the sector.

Let’s dive in!

Sector Performance (1M)

Gainers ⬆

Mkt Cap: NEAR (+48.4%), Sui (+46%), Solana (+17.7%)
Total Value Locked (TVL): NEAR (+53.7%), Fantom (+49.4%), Solana (+23.6%)
Users: Sui (+1,768.4%), Mantle (+250.6%), Arbitrum (+206.6%)

Losers ⬇

Mkt Cap: Gnosis (-16%), Arbitrum (13.8%), Mantle (-10.1%)
Total Value Locked (TVL): Avalanche (-38.8%), Stacks (-17.1%), Cardano (-10.2%)
Users: Sei (-58.9%), Osmosis (-45.7%), Avalanche (-36.2%)

Ratings

Sector Benchmarks

✅ Undervalued Tokens

We expect these tokens to outperform the sector: