5 Undervalued Altcoins Boast Strong On-Chain Fundamentals in June 2026

The crypto market has shifted towards infrastructure-grade altcoins in June 2026, as liquidity moves away from Bitcoin and into tokens with verifiable fundamentals. According to ZebPay, five underappreciated altcoins are currently undervalued due to their strong on-chain activity and ecosystem growth.

Hyperliquid (HYPE) is a Layer 1 blockchain built for high-performance on-chain trading, with a flagship product that includes a fully on-chain perpetual futures exchange. Despite hitting an all-time high of $76.70 in June 2026, HYPE has since pulled back to approximately $60-63, placing it roughly 19% below that peak.

Injective (INJ) is another undervalued token, currently trading near $4.26, $5.38 after reaching an all-time high of $52.87 in March 2024. The market cap sits at approximately $426-527 million, which is low for a blockchain that has been processing billions in tokenised equity volume.