The Grayscale research team has released its report on the 20 cryptocurrencies with the highest growth potential for the last quarter of 2024. The report includes the arrival of new altcoins such as SUI and Bittensor, while removing some assets such as THORChain and Pendle from the list. previous list.
New Altcoins Listing and Trust in Established Tokens
Grayscale's analysis highlighted the most promising digital assets based on specific fundamentals and market trends.
Six new altcoins were added to the list: Celo (CELO), Optimism (OP), Sui (SUI), UMA Protocol (UMA), Helium (HNT) and Bittensor (TAO).These replace assets such as Raydium, THORChain, Illuvium, Render, Mantle and Pendle.
The report explained that the assets were selected for their focus on key areas such as high-performance infrastructure, unique adoption, decentralized AI, the appeal of meme coins, and tokenization of traditional assets. Grayscale underlined that all cryptocurrencies on the list offer attractive investment opportunities with significant growth potential and high risk-adjusted returns.
Sui and Bittensor Featured on the List
Sui was recognized for its 80% increase in transaction speed, while Bittensor stood out for its ability to integrate artificial intelligence (AI) with cryptocurrencies. Last month, Grayscale launched the Grayscale Sui Trust and Grayscale Bittensor Trust funds to reaffirm its confidence in the performance of these altcoins, underlining their growth potential.
Other notable projects include Celo, a blockchain focused on mobile solutions, and Optimism, an Ethereum Layer 2 scalability solution. UMA was also recognized for its contribution to the Polymarket predictions platform, while Helium was highlighted for its specialization in physical infrastructure decentralized (DePIN).
Bitcoin, Ethereum and Solana Maintain Relevance in a Volatile Market
The Grayscale report also recommends including established cryptocurrencies such as Solana, Bitcoin, Ethereum, Toncoin, Uniswap and Chainlink in the investment portfolio by the last quarter of 2024. These assets have demonstrated strong historical performance and represent growth opportunities in a volatile market . As for Ethereum, the report highlighted its 13% growth compared to other major digital assets. Meanwhile, Bitcoin continues to lead the digital currency sector, and other smart contract platforms such as Near, Solana, Tron, and Toncoin have also gained traction in 2024.
Risks of Investing in Cryptocurrencies
The Grayscale team warned that investing in crypto assets involves significant risks. Among the main challenges are vulnerabilities in smart contracts and regulatory uncertainty, factors that can increase risks for investors. They also highlighted the high market volatility, which can negatively affect cryptocurrency investments. Grayscale's report offers a comprehensive view of the crypto landscape for the final quarter of 2024, highlighting both promising new altcoins and established assets. Although the growth potential is high, investors should be aware of the inherent risks of this highly volatile market.
