Grayscale Updates Investment Strategy: Includes SUI in Top 20 Cryptocurrencies for 2024

On September 27, COINOTAG reported that Grayscale, a leading encrypted asset management company, has revised its investment strategy, revealing 20 cryptocurrencies anticipated to display significant performance by the close of 2024. According to Grayscale’s research team, emerging crypto trends encompass the growth of decentralized AI platforms, the tokenization of traditional assets, and the sustained appeal of Memecoins. This latest update introduces six new altcoins to the top 20 list: SUI, TAO, OP, HNT, CELO, and UMA, while removing Render, Mantle, ThorChain, Pendle, Illuvium, and Raydium this quarter. Furthermore, Grayscale highlighted that “the top 20 assets are characterized by high volatility and should be viewed as high-risk, which may not be appropriate for every investor.” (BeinCrypto)