Undervalued Gem: $OGV - A Low-Cap LSD Project Poised for 100x Gains
Low-caps have massive potential to generate millions!
Forget the ones that have already skyrocketed over 1000%
I've discovered a hidden gem with $6.5M market cap and $100M TVL.
In the market, money consistently flows from overbought sectors to undervalued ones. This cyclical rotation is a common phenomenon.
Right now, RWA, AI or GameFi looks expensive.
Therefore, LSD sector appears neglected, making it a hub for undervalued projects with low mcap.
In this post, I will discuss $OGV and analyze the key catalysts for potential upside.
◢ Key metrics:
➜ MC: $6.5M
➜ TVL: $106M
➜ Annualized fees: $5.7M
➜ Treasury: $29M
Also let's compare $OGV to industry giant $PENDLE:
Pendle has $109M market cap and $250M TVL
Mcap/TVL ratio:
$OGV: 0.06
$PENDLE: 0.43
$OGV looks as extremely undervalued as possible, which is what makes it promising.
Catalysts
Now I will talk about catalysts that will help understand the potential.
➤ The first of these us LST's token, $OETH with $86M market cap, which offers ~50% higher yields than other LST competitors.
➤ Another important aspect is the integration into eigenlayer.
Pools with $OETH will be available starting from December 18, with a limit of 200k OETH.
By holding $OETH, we can take part in restaking for potential rewards and generate additional yield.
➤ $OETH has been integrated into pendle_fi.
Current TVL: $1.4M.
This integration provides greater visibility to the project, serving as a positive catalyst for $OGV.
➤ Buybacks
Revenue from $OETH is consistently growing over time. Some portion of this is allocated for $OGV buybacks.
Every two weeks, a buyback of $OGV occurs, along with the purchase of $CVX.
➤ OGV Staking
There is one more crucial aspect to highlight: a relatively small circulating supply. Approximately 80% of the supply is staked.
Considering all this factors, TVL and revenue, $OGV has a comparatively modest market cap.
Disclaimer: This is not financial advice, DYOR.
