Each quarter, Grayscale's research team analyzes hundreds of cryptocurrencies and updates their list of tokens primed for growth.

In their latest top 20 cryptocurrencies, Grayscale included tokens they believe have "significant potential in the upcoming quarter." By the end of Q3, six new cryptocurrencies were added to the list of top-performing assets.

"We analyze factors such as network growth and adoption, potential catalysts, the stability of fundamentals, token valuation, supply inflation, and potential risks," Grayscale explained.

The newcomers include:

  • $SUI The native token of the Sui blockchain. After a network upgrade, Sui’s transaction speed increased by 80%, surpassing even Solana's capabilities.

  • Bittensor This protocol simplifies the integration of AI and digital assets. In the past month, TAO's price surged by nearly 70%. According to experts, the project has become one of the standout players in the AI sector.

  • $OP A Layer 2 solution on Ethereum, featuring the Superchain framework. Optimism’s development is already being used in Coinbase's L2 Base network.

  • Helium: A leader in the decentralized physical infrastructure networks (DePIN) sector. The project now boasts over a million hotspots and 100,000 subscribers. The platform has generated more than $2 million in network fees.

  • $CELO This blockchain is transitioning to Ethereum’s Layer 2. Developers are focusi

    ng on stablecoins and payment solutions in emerging markets, where the project is growing in popularity. By daily stablecoin transactions, it already surpasses Tron.

  • UMA The latest addition to Grayscale’s top 20. UMA is an oracle network utilized by the major prediction market Polymarket.

Other key players in Grayscale’s ranking include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Toncoin (TON), Chainlink (LINK), and Uniswap (UNI). Following the third quarter, some assets were removed from the list, including Render (RND), Mantle (MNT), ThorChain (RUNE), Pendle (PENDLE), Illuvium (ILV), and Raydium (RAY).

Finally, Grayscale analysts highlighted the risks of investing in cryptocurrencies, emphasizing their heightened volatility and urging investors to exercise caution.