Grayscale identified 20 cryptocurrencies with “high potential”

Grayscale, the world's largest digital asset management company, published a report commenting on the current situation in the cryptocurrency world. Stating that in the analysis, it expects 18 coins, in addition to Bitcoin and Ether, to come to the fore in the 3rd quarter of 2024, the company expects the rise in artificial intelligence coins to continue.

In addition to the launch of the Bitcoin spot ETF, Grayscale, which is waiting for the final approval from the SEC for the same product in Ether, published a report sharing its expectations for the 3rd quarter of 2024.  Focusing more on the rise of artificial intelligence coins in the report, the company also stated that it expects the ecosystem to grow around the Ethereum chain with the acceptance of Ethereum spot ETFs.

According to the report, Grayscale predicts that Ethereum ETFs will receive significant investment, as in Bitcoin ETFs, and will increase the valuations of tokens in the Ethereum ecosystem.

The company continued, “If ETF approval increases interest and adoption in Ethereum, certain second layer tokens (e.g. Mantle), Ethereum DeFi protocols (e.g. Uniswap, Maker and Aave) and other assets central to the operation of the Ethereum network.” “We may also see increased transaction activity and valuation support for (e.g. Lido).” says.

On the other hand, Grayscale is of the view that, aside from the Ethereum ETF approval, various existing categories, and particularly the intersection between blockchain technology and artificial intelligence, will continue to be in focus in the coming quarters. The company underlines that one of the assets in this category is Near, and that Near is among the best smart contract platforms in terms of the number of daily active users. The report emphasized that decentralized GPU markets such as Render and Akash may also be the choice of investors who want to invest in the field of artificial intelligence.