Grayscale, one of the largest investment companies in the crypto sector, has published a report sharing its expectations for the fourth quarter of 2024. The report also included the cryptocurrencies with the highest potential for October, November and December.
The company updated this list, which was also published in the previous quarter, and added 6 new cryptocurrencies. The added cryptocurrencies were; SUI, TAO, OP, HNT, CELO and UMA. RENDER, MNT, RUNE, PENDLE, ILV and RAY were removed from the list.
According to Grayscale, the high potential cryptocurrencies of the fourth quarter are:
Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)
Toncoin (TON)
Chainlink (LINK)
Near (NEAR)
Uniswap (UNI)
Sui (SUI)
Bittensor (TAO)
Stacks (STX)
Aave (AAVE)
Optimism (OP)
Arweave (AR)
Sky (SKY)
Helium (HNT)
Read (LDO)
Akash Network (AKT)
Aerodrome (AERO)
Whole (FULL)
UMA Protocol (UMA)
The report made the following assessments regarding the new members of the list:
Sui is a third-generation blockchain developed by a team of former Meta engineers. Two months ago, it rolled out an update that increased transaction speed by 80 percent, surpassing Solana in this regard. This has led to greater usage of the network.
Optimism helps scale the Ethereum network and developed the Superchain used by Coinbase’s Layer 2, Base, and another Layer 2 created by Sam Altman’s Worldcoin.
Both Celo and UMA benefit from unique adoption trends, such as stablecoin adoption and prediction markets. Celo is a blockchain focused on stablecoins and payments in developing countries. It gained traction in Africa, led by Opera browser’s MiniPay app. Celo recently surpassed Tron in stablecoin adoption. UMA is an oracle network used by Polymarket, which has seen a surge in users in an election year.
Helium was added for both category leadership and sustainable revenue. Helium is ranked first in the DePIN category. The project has reached over 1 million access points and 100 thousand mobile subscribers in total, generating over $2 million in network fee revenue to date.
Bittensor was added due to the improvement in market structure. This project has emerged as a major player at the intersection of crypto and AI, attracting attention to create a global decentralized platform for AI innovation.
✒️Uzmancoin
