Grayscale, one of the largest crypto asset managers globally, has released its updated top 20 cryptocurrencies expected to excel in the final quarter of 2024. This revised lineup follows Grayscale's quarterly rebalancing on September 20, reflecting emerging trends like decentralized AI platforms, asset tokenization, and memecoins.
New Altcoins Joining Grayscale’s Top 20
Six new altcoins have entered Grayscale’s elite list, demonstrating the dynamic evolution of the crypto market. Below are the standout additions:
1. Sui
Sui’s recent network upgrade boosted its transaction speed by 80%, outpacing Solana. This blockchain scalability improvement positions Sui as a leader in high-throughput networks.
👉 Explore Sui’s latest developments
2. Bittensor
Bittensor merges AI and blockchain to create a decentralized AI ecosystem. Its enhanced liquidity and pricing mechanisms have garnered significant market attention.
3. Optimism
As an Ethereum Layer 2 solution, Optimism’s "Superchain" framework has attracted major projects like Coinbase’s Base network, driving its inclusion in the top 20.
4. Helium
Focused on DePIN (Decentralized Physical Infrastructure Networks), Helium supports global wireless networks with over 1 million hotspots, generating substantial fee revenue.
5. Celo
Transitioning to an Ethereum L2, Celo specializes in mobile-first stablecoin payments, surpassing Tron in daily transactions and partnering with Opera’s MiniPay app.
👉 Discover Celo’s payment solutions
6. UMA Protocol
UMA powers decentralized oracles for predictive markets like Polymarket, ensuring transparent resolution of outcomes.
Established Cryptocurrencies Retaining Their Spot
Grayscale continues endorsing blue-chip assets such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Toncoin (TON)
- Chainlink (LINK)
- Uniswap (UNI)
Assets Removed from the Top 20
The following were excluded this quarter:
- Render
- Mantle
- ThorChain
- Pendle
- Illuvium
- Raydium
Key Changes Summary
| New Additions | Exclusions |
|-------------------|------------------------|
| Sui | Render |
| Bittensor | Mantle |
| Optimism | ThorChain |
| Helium | Pendle |
| Celo | Illuvium |
| UMA Protocol | Raydium |
Risks of Crypto Investments
Grayscale warns of high volatility and speculative risks inherent in crypto markets. Investors should prioritize due diligence and risk management.
FAQ Section
1. What criteria does Grayscale use to select its top 20 cryptocurrencies?
Grayscale evaluates market trends, technological innovation, liquidity, and adoption metrics during its quarterly rebalancing.
2. Why were Render and ThorChain removed?
These projects underperformed in liquidity or adoption relative to newer entrants like Sui and Bittensor.
3. How can investors mitigate risks in crypto?
Diversify portfolios, stay updated on market trends, and use dollar-cost averaging to reduce volatility impact.
The crypto landscape remains fluid, with Grayscale’s top 20 offering a snapshot of high-potential assets. Always consult a financial advisor before investing.
(Disclaimer: This content is for informational purposes only and not financial advice.)