As we near the end of 2024, Grayscale Research has revealed an exciting list of the top 20 cryptocurrencies expected to shine in the final quarter. With six new altcoins added, including Sui (SUI) and Optimism (OP), the buzz in the crypto market is palpable. Are you ready to discover which coins could skyrocket in value?
Grayscale Added New 6 Coins
According to the Wu blockchain tweet, Grayscale has updated the list of 20 top crypto reflecting the growing importance of decentralized AI and high-performance infrastructure. The newly included altcoins—Bittensor (TAO), Celo (CELO), Helium (HNT), and UMA Protocol (UMA)—reflect the latest market trends.
Sui, for instance, has increased its transaction speed by a staggering 80% after a recent upgrade, making it a hot pick for investors. Meanwhile, Bittensor is merging crypto and AI, promising unique opportunities for growth.
Celo is also making waves with its shift to an Ethereum layer 2 network, enhancing its payment solutions and increasing its stablecoin usage. Even Ethereum co-founder Vitalik Buterin has praised its achievements in Africa.
Titans Still Leading the Charge
While new tokens are making headlines, heavyweights like Bitcoin, Ethereum, and Solana remain at the forefront of Grayscale’s portfolio. Bitcoin continues to outshine other cryptocurrencies, thanks to the launch of US spot Bitcoin ETFs and favorable market conditions.
Although Ethereum has underperformed compared to Bitcoin, it still surpasses many other assets in terms of applications and developer activity.
Some Assets Fall Off the List
Grayscale also removed six assets from its previous list, including Render and Illuvium. While these tokens still hold value, Grayscale believes the new entries provide better risk-adjusted returns for the upcoming quarter.
As we step into Q4, Grayscale Research warns investors about the inherent risks of cryptocurrency, including volatility and regulatory uncertainty. However, with the right insights and strategies, now might be the perfect time to explore these exciting new opportunities in the crypto world
