Grayscale has released a large Grayscale Research Insights report on the crypto market outlook for Q4 2024. We have prepared a summary of the document for you.
TOP-20 cryptocurrencies with the best potential in the next quarter:#BTC(Bitcoin),#ETH(Ethereum),#SOL(Solana),#TON(Toncoin),#LINK(Chainlink),#NEAR(Near),#UNI( Uniswap),#SUI(Sui),#TAO(Bittensor),#STX(Stacks),#AAVE(Aave),#OP(Optimism),#AR(Arweave),#MKR(Maker),#HNT(Helium) ,#LDO(Lido DAO),#AKT(Akash Network),#AERO(Aerodrome),#CELO(Celo),#UMA(UMA Protocol).
Key points from the list:
-#BTCand#ETHremain the leading cryptocurrencies with the largest market capitalizations of $1.2723 trillion and $310.5 billion, respectively. Ethereum, despite competition from other smart contract platforms such as Solana and Near, maintains its leadership due to its high level of ecosystem development and innovation.
-#Solana(#SOL) and#Toncoin(#TON) continue to gain ground in the smart contract platform and infrastructure sector.
-#Chainlink(#LINK) focuses on infrastructure and tokenization in the DeFi space.
- SUI, TAO, Optimism (OP), Helium (HNT), Celo (CELO) and UMA have been added to the TOP, reflecting the latest trends in the cryptocurrency market, including decentralized AI, infrastructure projects and innovations in the DeFi field.
-Removed #RENDER, #MNT, #RUNE, #PENDLE,#ILVand#RAYfrom the list.
Important details from the report:
- Crypto assets moved sideways in Q3 2024, as reflected by the FTSE/Grayscale Crypto Sectors indices.
- BTC continues to lead the crypto asset market in terms of returns in 2024, outperforming both ETH and the entire market, represented by the Crypto Sectors Market Index (CSMI). BTC has grown by 49% over the year, while ETH has grown by 13%, which also exceeds the performance of most other assets.
- Ethereum, while underperforming Bitcoin in 2024, was able to outperform the smart contract platform index. Grayscale continues to see significant potential for Ethereum due to its leading position in the smart contract ecosystem, including the largest number of applications, developers, and value locked in contracts.
- An important trend in 2024 is the rise of smart contract platforms with high growth potential, such as Sui and Optimism. These platforms offer innovative scaling and infrastructure solutions, which attracts the attention of investors.
- Grayscale also highlights the importance of assets like Helium, which is leading the decentralized physical infrastructure (DePIN) category and has seen steady growth in network revenue.
- Grayscale notes possible risks for the crypto market associated with the upcoming US elections, which could have a significant impact on volatility and asset valuation.
- Overall, Grayscale views the top 20 crypto assets as high-potential, high-risk instruments suitable for investors who take into account their financial goals and portfolio strategies.
