CoFoundIt (CFI) jumped into the top 100 and back out - the coins volume is very high compared to it's market cap. It's current price also still under the ICO price. Does this mean it's undervalued?

Would love for someone to correct me as I presume that in undervalued coins is one who's

1) market cap < Funding 2) volume > than alts in same 24 hour volume 3) ICO price > Current price

The above later always makes certain coins expose and rocket for 2x 3x but then go down in value.

Is this one of them? Am I mistaken? Glad someone could correct me pls!!!

Cryptoflame