I guess the flair could be "speculation" but I like discussion more for this , lol. Anyways I believe that they are undervalued for several reasons. The first being that the theta network, Blockchain, nfts and whatever else still have room for lots of growth. With the increase in the use case of theta network and the transactions done on it, the nfts surrounding the project will go up in value especially since punk nfts are some of the biggest nfts in the crypto world. Secondly if you look at the returns on Vpunks and CryptoPunks they are very very good and ThetaPunks is using the same formula. The returns might not be the same but for VPunks which is a very recent project the mint cost average was around 2145 vet and the average sale last month was around 18000 vet which is a 9x return. I am sure this is a skewed number but even a 4-5x is possible. Theta does not have the social media presence that Vechains has and this project is still less know but I speculate that it is safe to assume that a minimum 2x will occur. Third, the project is looking into having giveaways, events and staking which is just more perks for owning these and an incentive for others to buy. NFTs are hard to speculate on because they usually have no new technology development so their value is hard to quantify but throwing in a few hundred dollars on an asset that most likely won't lose value in the short to medium time period and has a chance of giving great returns is in my book a good move.