Grayscale: Top 20 Crypto for Q4, 2024

New Altcoins in Grayscale’s Top 20 

In this latest reshuffle, six new altcoins have been added to Grayscale’s top 20. These additions showcase the evolving nature of the crypto space, where innovation and performance drive attention and investment. 

1. Sui 

One of the most talked-about newcomers is Sui, a blockchain that has recently seen impressive improvements. After a network upgrade, Sui’s transaction speed increased by 80%, surpassing Solana in this aspect. This speed boost has made it a standout among other blockchain networks. 

2. Bittensor 

Bittensor, a project that connects the worlds of crypto and artificial intelligence (AI), has also been added to the list. Its aim is to create a global, open AI system using blockchain technology. The project has shown improvements in its market, especially in liquidity and pricing. 

3. Optimism 

Optimism, an Ethereum Layer 2 scaling solution, has gained momentum. Its “Superchain” framework has attracted high-profile projects, including Coinbase’s Layer 2 solution. This growing adoption has earned Optimism a place in Grayscale’s top 20. 

4. Helium 

Helium focuses on decentralized physical infrastructure networks (DePIN) and has carved out a unique position in the market. It supports resource allocation models for wireless networks and has over a million hotspots globally. Helium’s success in generating network fee revenue helped secure its spot. 

5. Celo 

Celo, a blockchain built for mobile-first usage, is transitioning to an Ethereum Layer 2 network. It focuses on stablecoins and payment solutions, with rising adoption in developing nations. Notably, Celo has overtaken Tron in daily stablecoin transactions, and its partnership with Opera Browser’s MiniPay app has further expanded its reach. 

6. UMA Protocol 

The UMA Protocol, an oracle platform, is gaining importance in blockchain’s predictive market space. It supports Polymarket, a top prediction market platform, ensuring transparency and decentralization in resolving market outcomes. 

Grayscale’s Continued Support for Major Cryptocurrencies 

While several new names entered the top 20, Grayscale still maintains confidence in established assets like Bitcoin, Ethereum, and Solana. Other familiar names in the list include Toncoin, Chainlink, and Uniswap. 

However, this quarter also saw the exclusion of certain assets that were part of the previous top 20. These include: 

• Render 

• Mantle 

• ThorChain 

• Pendle 

• Illuvium 

• Raydium 

Risks in Crypto Investments 

Grayscale also highlighted the risks involved in cryptocurrency investments, particularly emphasizing the high volatility that often defines the market. Investors are urged to remain cautious and informed while navigating this fast-changing space. 

Here’s a breakdown of the changes: 

The reshuffle of Grayscale’s top 20 reflects how the crypto landscape is constantly evolving, driven by technological advancements and market trends. Investors keeping an eye on these assets may find new opportunities in this changing market. However, as always, the inherent risks of investing in cryptocurrencies should not be ignored.