Since Rai is comparable to IOTA in tech, I don't see why the investors who put a 12B market cap on IOTA wouldn't see Rai as being undervalued sitting at 3B.
At best Rai surpasses IOTA. At worst Rai matches IOTA market cap, but who thinks it should be sitting at 3B when IOTA's at 12B?!
It doesn't make sense. This is an undervalued asset as long as market exposure is there. Binance is a start.
Rai is fundamentally flawed since it's inception. Unlike the other two DAg cloins (iota and byteball), Rai is essentialy BTC without the blockchain. What it looses by doing this is the double spend protection. Essentialy Rai is vulnerable to man in the middle attacks that could double spend like crazy, which is probably why cryptopia dropped it a few days after listing.
You can read further about these problems here:
https://bitcointalk.org/index.php?topic=1219264The dev of course is sticking his head in the sand and denies everything. Read the whitepaper, compare it to bitcoin and you will understand.