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Quinten Francois: Being down 90 percent does not make a coin undervalued

Quinten Francois: Being down 90 percent does not make a coin undervalued
Altcoin drop not proof of undervaluation

Quinten Francois argued that a significant price drop alone does not automatically mean a cryptocurrency is undervalued. He stated that some people no longer have an investment thesis, but instead are waiting for prices to recover to prior levels.

Francois recently highlighted that the total crypto monthly RSI climbed above 50 after six months, a pattern observed during past recoveries in 2019 and 2023, in his recent analysis. He has also commented on a demonstration of Chainlink and DTCC's platform, suggesting it could unlock $50 trillion in assets and increase blockchain efficiency, according to his previous report. Both updates reflect Francois’s ongoing focus on technical and infrastructure developments within the crypto sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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