Crypto focused investment company Grayscaleannounced 20 cryptocurrencies that are expected to show strong performance towards the end of 2024. Alongside the six newly added cryptocurrencies, the company’s research team noted the rise of decentralized AI platforms, the tokenization of traditional assets, and the continued popularity of memecoins. In this context, altcoins such as SUI, TAO, OP, HNT, CELO and UMA stand out in the list. rendering, Mantle, ThorChain, pendle, Illuvium And radidium was removed from the list this quarter.
Latest Version of Cryptocurrency List Offered by Grayscale
Grayscale aims to offer strong profit opportunities to investors in the last quarter of 2024 with its new cryptocurrency list. on the list Bitcoin $65,837 And Ethereum $2,668 Focusing on artificial intelligence and decentralized finance (DeFi) ecosystem, as well as popular cryptocurrencies such as altcoin projects are included.
Among the prominent projects, six newly added altcoins stand out: SUI (innovation and infrastructure), TAO (infrastructure and services), OP (scalability and ETH ecosystem), HNT (DePIN and SOL ecosystem), CELO (stablecoins), and UMA (infrastructure and prediction markets). These altcoins are located in areas that have been growing rapidly and attracting investor interest, especially recently.
The company warned investors about high volatility and risk regarding the changes made to the list. He noted that all cryptocurrencies on the list have high volatility and therefore may not be suitable for every investor.
Expectations for the Last Quarter of 2024
According to Grayscale’s research team, the rise of decentralized artificial intelligence platforms, the tokenization of traditional assets, and the continued popularity of memecoins present significant opportunities in the cryptocurrency market. The company predicts that there will be significant developments, especially in infrastructure and financial ecosystems. For example, projects such as SUI and TAO stand out in innovation and infrastructure issues, while OP and HNT projects contribute to scalability and the DePIN/SOL ecosystem.
It is a matter of curiosity how the newly added altcoins will affect Grayscale’s current portfolio strategy. The company’s research team states that these projects may experience significant increases in market values and therefore attract the attention of investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.