Looking to build a solid bull case for a project, but I need real evidence that there's actual upside. Don't want to pitch to people unless I've got the data to back it up.

MIA keeps crossing my radar as an interesting play. The project itself might have legs, but here's what concerns me—the retail crowd holding it seems fragmented and a bit too quick to panic-sell on volatility. That's the real bottleneck.

The thing is, if the community were more coordinated and didn't fold at every dip, you'd probably see very different price discovery. Right now you've got small holders getting shaken out too easily, which defeats any legitimate thesis about undervaluation.

So the question becomes: is this actually underpriced, or are the mechanics that would drive it higher just not in place yet?