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Cryptocurrency News Articles
Grayscale Lists 20 Top Cryptocurrencies for Q4, Adding 6 New Altcoins
Sep 27, 2024 at 09:07 pm
Bitcoin and Ethereum remain dominant in Grayscale's portfolio for Q4 2024. Grayscale removes Render and Illuvium, favoring new assets for better returns.
Grayscale has unveiled its list of the top 20 cryptocurrencies for Q4 2024, revealing some surprising additions and subtractions.
As the year draws to a close, 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 Adds 6 New Coins
According to a tweet by Wu Blockchain, Grayscale has updated the list of 20 top cryptocurrencies, 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)—are certainly turning heads.
Grayscale predicts the top 20 cryptocurrencies with potential in the next quarter. New assets are added, including SUI, TAO, OP, HNT, CELO, and UMA. Compared to the previous quarter, removed tokens include Render (RENDER), Mantle (MNT), ThorChain (RUNE), Pendle (PENDLE), Illuvium… pic.twitter.com/xVw4s7sxKi
notably, Sui has increased its transaction speed by 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
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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