21 billions marketcap, and no. 5 in term of market capitalization. it is not undervalue as we have not seen what cardano can do yet, all is on paper on the moment. It is probably undervalue in the future, but not now. the current price is the result of speculation, when those who dont even touch and experiment with ADA, bought into it.
well, Their wallet even not upgrading yet and the value as of now is the right one, I mean it is not undervalued. before they are make the function of the daedalus actually work it is not the real price