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Value investing in digital assets is a bit complicated to be fair... you have a lot of "profound" networks that seem severely undervalued but will never simply see the day of light because of the inherent nature of liquidity and popularity/shilling.
However, that's not to say you cannot find gems that can potentially 100x+ in the next bull run (similar to how Polygon, Solana, Avalanche, etc did last time around). It will all be a matter of resilience and having trust in the team and its potential - Twitter and YT vids of true technologists (e.g., Taiki - Humble Farmer and not your BitBoys of the world). There are definitely a lot of good on-chain metrics for measuring metrics related to true value though (e.g., SOTR, NVT, etc).