The 2026 crypto market may be the most undervalued period in the next 30 years!

Today I came across a post by Lorenzo Valente, ARK Invest’s Head of Digital Asset Research. He stated: 'There’s a graveyard in the cryptocurrency space right now—nobody wants to step inside—but it contains numerous high-quality protocols that have been widely overlooked. Related tokens have dropped 70%, 80%, or even 90% from their all-time highs, yet these protocols continue generating fees, growing steadily, and maintaining leadership in their respective domains—simply lacking attention. He cited examples: Aave: P/E ratio of just 9x; Solana: P/E ratio of 12x, holding $6 billion in free cash flow; Ethereum: P/E ratio of 17x, yet dismissed as a 'has-been' asset; Uniswap: EBITDA multiple of 8x. He emphasized: 'You don’t get rich buying popular assets—you get rich buying fundamentally sound assets that are temporarily out of favor.' I strongly agree with his view. Many market participants only praise an asset after it has already rallied, declaring how great it is—but as soon as it declines—or stagnates for an extended period—they start complaining bitterly, dismissing everything as worthless.

[Financial Concept] What is EBITDA?

Background: EBITDA appears frequently in financial teasers and summaries. 1. What is EBITDA? EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization—i.e., profit before deducting interest, taxes, depreciation, and amortization expenses. When net working capital requirements remain unchanged, operating cash inflow essentially equals EBITDA. Thus, companies can use this amount (approximately equal to EBITDA) to service interest payments—making EBITDA a pure measure of earnings power (independent of how much debt the company carries). By excluding these items, EBITDA enables investors to more easily compare the underlying financial health of companies with differing capital structures, tax rates, and depreciation policies. Moreover, one major reason EBITDA is widely used is that it typically shows higher profitability than operating profit. As such, it has become a preferred metric for capital-intensive industries and highly leveraged firms when assessing profitability.

Ecovyst Q1 2026 slides: EBITDA surges 87% on volume, pricing gains

May 5, 2026

Ecovyst Inc. reported Q1 2026 adjusted EBITDA surging 87% to $39.8 million, driven by sulfuric acid demand and regeneration services. The company raised full-year guidance and is acquiring Calabrian Sulfur Dioxide & Derivatives Business.

Investing.com

2026-04-20

Ecovyst to Host First Quarter 2026 Earnings Conference Call and Webcast

2026-04-29

Ecovyst to Hold First-Quarter 2026 Earnings Call on May 5

2026-05-04

Ecovyst earnings up next: Can refining demand sustain momentum?

2026-05-05

Ecovyst Posts Strong Q1 2026 Results and Higher 2026 Outlook

2026-05-05

ECOVYST ($ECVT) Releases Q1 2026 Earnings