Value Investing Ratings - November 24

The best blockchains to buy based on our value investing framework

Nov 14, 2024

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Hi Investor 👋

Every month, 🔒 premium subscribers 🔒 get the best blockchains to buy based on our value investing framework which aggregates fundamental metrics & value capture metrics discounted by the market multiples.

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Blockchains are the technology behind cryptocurrencies like Bitcoin and Ethereum.

So, if you want to win in crypto on easy mode, you want to allocate much of your capital to Layer 1s and Layer 2s and a bit to the rest.

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 sector.

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

Let’s dive in!

Sector Performance (1M): +26% 🟢

Gainers ⬆

⬆ Mkt Cap: Sui (+65.4%), Cardano (+62.1%), Gnosis (+41.6%)

⬆ Total Value Locked (TVL): Bitcoin (+355.6%), Cardano (+52.1%), Mantle (+14.1%)

⬆ Daily Active Addresses: ICP (+127.5), Gnosis (+89.1%), Avalanche (83.3%)

Losers ⬇

⬇ Mkt Cap: Osmosis (-13.8%), Optimism (-5.9%), Polygon (-4.7%)

⬇ Total Value Locked (TVL): TON (-26.5%), Linea (-1.8%), Osmosis (-1.6%)

⬇ Daily Active Addresses: Sei (-83.5%), TON (-34.6%), Bitcoin (-22.1%)

Ratings

Sector Benchmarks

✅ Undervalued Tokens

We expect these tokens to outperform the sector: