Grayscale’s Top 20 Cryptocurrency list has been expanded with six new additions, including Hyperliquid Jupiter and Jito. These are all flagged as high-risk investments.
The investment company’s selection process evaluates project based on multiple metrics, including community growth and progress in development. Current focus areas include political impacts, AI Integration and Solana Ecosystem expansion.
The list was updated with notable changes, including the addition of AI projects such as VIRTUAL. This project has seen a remarkable growth of 45.844% since March 2024.
Established project like TON and Near have been removed in favor of assets that could offer stronger quarterly returns. Grayscale Research, a veteran of the crypto-related exchange traded funds (ETFs) as well as other exchange-traded product (ETPs), released a new report that revealed several new additions to its Grayscale Research Top 20. The report states that the list includes crypto projects with “high potential over the next quarter”.
Six New Assets with Promising Prospects
The list now includes Hyperliquid (HYPE), Ethena(ENA), Virtuals Protocols (VIRTUAL), Jupiter(JUP), Jito(JTO), and Grass. Grayscale has noted that these assets are high-risk due to their volatility.
Grayscale Research Top 20. Source: Grayscale.
Grayscale performs these quarterly assessments to guide rebalancing their index family. They create a curated list of 20 promising blockchains projects, selected through a comprehensive evaluation of metrics such as community expansion, development milestones and core metrics, price assessment, the distribution rate, and potential downsides.
Related to:An analyst warns of a lacklustre year for Ethereum despite a stellar month for ETFs.
They’re focusing their efforts on projects that are aligned with the three main themes of the current period: the impact of the upcoming US political decisions regarding crypto oversight, particularly regarding automated finance platforms, yield generation and innovation in distributed artificial Intelligence and its integration with the Solana Blockchain environment.
Brand New Projects with Battle Tested Names.
Anyone who follows developments in the crypto-industry would have heard some of these names, but others, like VIRTUAL or GRASS, are newer and lesser known.
Virtuals Protocol allows users to create and share ownership of AI powered digital entities on Base blockchain. These autonomous agents can make decisions and interact with users and their environment, similar to how humans interact. VIRTUAL was launched in March 2024 and saw a 45,844% increase in price by the end of 2024.
The cryptocurrency, which has a 1 billion supply, went from 5 US Cents (roughly 8 Australian dollars) to US$4.62 (AU$7.44).
Other reentrants in the top twenty list are Optimism, Chainlink, and Helium, based on Grayscale’s belief in Ethereum scale, tokenisation, and the DePIN narrative. Related:XRP & XLM Surge, Outshining the Broader Market: What’s Happening?
TON, Near, Stacks, Maker (Sky ), UMA Protocol, and Celo have left the list. This is not because Grayscale does not think these projects are valuable, but because the updated list provides more “compelling returns risk-adjusted for the next quarter”.
