The performance of $EIGEN is quite good, and this wave is likely aiming for a new short-term high. So it was completely fine to suggest everyone switch to this coin a few days ago; choosing the right coin means taking off in advance 🛫️. Let me explain why I am optimistic about this coin EIGEN based on fundamental logic: EIGEN's current situation does not match its strength.

Currently, EIGEN's market capitalization ranks outside the top 100. In contrast, Chainlink's LINK market cap is 20 times that of EIGEN, and TAO is 7 times that. After adjusting for FDV (Fully Diluted Valuation), both LINK and TAO are 5 times EIGEN.

However, Eigenlayer has become the third largest TVL (Total Value Locked) protocol, with a total locked amount reaching 10 billion USD, almost close to AAVE's 11 billion USD. Nevertheless, AAVE's market cap is still 2 times that of EIGEN. But when adjusted for TVL, AAVE is actually half the price of EIGEN.

Therefore, based on on-chain data and the project's fundamentals, EIGEN's price is clearly undervalued.