In my opinion it is very much undervalued.
Which valuation technique are you using to give that statement? imho people saying coin X is undervalued usually don't have anything hard to proof it. In stocks you can say something is undervalued if you for example calculate the discounted cash flow model, however this can't be done to cryptocurrency due to the lack of earnings/profits/dividend distributions. We can only value a coin based on the news value of the coin and therefore stating something is undervalued is a harsh statement.