ChainCatcher news, Mechanism Capital partner Andrew Kang posted on X stating, "ARB has seen a huge rebound, but fundamentally it is still undervalued, trading at only a fraction of Sui, Avax, Tron, etc., while its trading volume and TVL are several times higher. Stylus allows developers to build using Rust/C++, and game deployment/Animechain as well as ongoing interoperability research seem to be the biggest drivers of future growth."

ChainCatcher message, crypto analyst Ali posted on the X platform that for some people, XRP seems to be overbought, but for me, after breaking out of this huge multi-year symmetrical triangle, it still looks undervalued. The conservative target is $8.40, and the optimistic target is $48.12.

ChainCatcher news reports that the market suddenly dropped after the Friday employment report was released, with over $220 million in cryptocurrency long positions being liquidated. Presto Research analysts Peter Chung and Min Jung stated in today's report, "Bitcoin is severely undervalued, and recent macro factors have dominated the price discussion of BTC, while the market has overlooked one of the key fundamentals supporting Bitcoin's value—network security." "Hashrate has reached a historic high of 679 EH/s, making it the most secure network to date."They added, "If you believe this trend will continue (in fact, the emergence of spot ETFs means our environment is much better than ever), then BTC currently seems to be severely undervalued."Metalpha senior analyst Lucy Hu stated, "It seems that the lower-than-expected employment data is currently dominating market sentiment, as broad assets have declined since the data was released on Friday." "We expect the cryptocurrency market to remain highly volatile before the next Federal Reserve meeting."

ChainCatcher news, according to CryptoSlate, Glassnode data shows that Bitcoin's MVRV Z-Score indicates it is closer to being undervalued, reflecting potential buying opportunities. Over the past year, this metric has experienced significant fluctuations, reflecting the price trends of Bitcoin's volatility.Note: The MVRV Z-Score assesses whether Bitcoin is overvalued or undervalued relative to its "fair value."The Z-Score index peaked at around 3 points in March of this year, coinciding with Bitcoin rising above $70,000. Since then, the Z-Score index has significantly declined. This drop indicates that the market is moving away from potential overvaluation and approaching levels historically associated with undervaluation.As the Z-Score trends towards the lower end, it suggests that Bitcoin may be nearing a period of being undervalued relative to its realized value. Historically, Z-Score values around 0 indicate market bottoms, suggesting that Bitcoin's current position may provide a favorable entry point for long-term investors.

ChainCatcher news, Framework Ventures co-founder Vance Spencer tweeted that MKR is one of the most undervalued tokens in the crypto space, but this situation won't last long.MKR currently captures nearly 40% of DeFi profits on Ethereum, making it the third-largest crypto application after ETH and SOL, and it holds the largest RWA position among all protocols, with institutions like Blackrock competing to allocate it in their portfolios.Additionally, MKR's trading price is only one-third of Ondo and Ethena's FDV. Founder Rune repurchased tokens during the market low, and MKR plans to enhance profitability, yield, and stablecoin supply by launching a new L1 chain and revaluation. All venture capital has been sold off during the bear market, and there is no longer any pressure from venture capital sell-offs.

ChainCatcher news, Sun Yuchen posted on platform X: "I have a feeling that the second half of this year will be a period of explosive growth for the TRON ecosystem. The current value of the TRON ecosystem is severely underestimated."

ChainCatcher news, billionaire investor and chairman and chief information officer of Miller Value Partners, Bill Miller IV, reaffirmed his strong belief in Bitcoin in a blog post titled "Why I Still Bet on Bitcoin" on June 11.Miller believes that Bitcoin is still severely "undervalued" and predicts a significant shift in global capital governance. He emphasized that traditional currency systems, influenced by human judgment and political manipulation, are fundamentally flawed. In contrast, Bitcoin, as a secure, immutable, and automated system, offers a better alternative.

ChainCatcher news, a16z Crypto investor Guy Wuollet stated on X that ZK technology is severely underestimated.Guy Wuollet explored the immense potential of ZK in cryptocurrency and developer tools. By drawing an analogy to the success of the iPhone, he pointed out that ZK technology is expected to bring about a series of innovative applications. He mentioned that the success of the iPhone was due to the combination of a programmable mobile computer, GPS, and a high-quality camera, which gave rise to applications like Instagram and Uber. Similarly, ZK technology, especially zkVMs (such as Jolt), could bring about similar revolutionary changes. He believes that DeFi protocols should adopt risk modeling in ZK and use more complex pricing functions.In addition, blockchain and ZK proofs can enable people to have censorship-resistant AI companions and be used to prove simple machine learning models. Wuollet concluded that ZK technology can be used to build more complex DeFi protocols, censorship-resistant AI companions, or on-chain machine learning, calling on developers to pay attention to this emerging field.

ChainCatcher news, Bitcoin mining company Bitfarms rejects acquisition proposal from Riot Platforms. The company stated in a press release, "Riot has clearly undervalued the company and its growth prospects."Bitfarms claims that Riot did not respond to its requests for confidentiality and non-solicitation protections, and Bitfarms' special committee is still determining the best path forward for the company.Previous news, Canadian Bitcoin mining company Bitfarms responded to the acquisition proposal initiated by Riot Platforms, in which Riot intends to acquire 100% of Bitfarms' common stock at a price of $2.30 per share of common stock, consisting of cash and Riot common stock.