Grayscale Watch These Six Assets For Q4 2024 Earnings, Predicts Significant Risk Event For Crypto

• Grayscale adds SUI, TAO, OP, HNT, CELO and UMA to updated list of top 20 cryptocurrencies for Q4.
• Assets in the top 20 have high price volatility and are considered high risk by the asset management giant.
• The US election poses a significant risk to crypto, according to the giant’s recently published report.

On September 26, Grayscale introduced six new cryptocurrencies to its Top 20 Cryptocurrency Watchlist. The asset management giant published its report to highlight promising sectors in cryptocurrencies for Q4 2024.

Bitcoin and Ethereum outperform Crypto Sectors market index

Bitcoin and Ethereum, the top two cryptocurrencies by market capitalization, maintain their lead, outperforming the Crypto Sector Market Index (CSMI), according to Grayscale Research Insights: Crypto Sectors in Q4 2024, published on September 26.

The report presents the performance of altcoins alongside the top two crypto assets. Notable sectors are decentralized artificial intelligence (AI) platforms such as Bittensor TAO, real-world asset (RWA) tokenization projects including Ondo Finance (ONDO), OM and GFI. Meme coins like Pepe (PEPE), Dogwifhat (WIF) and Floki (FLOKI) led the gains in the sector.

Performance of crypto sectors

The asset management giant added six new assets to the list,

• Sui (SUI): A high performance tier 1 smart contract blockchain
• Bittensor (TAO): An AI project building a platform to facilitate the development of open and global AI systems
• Optimism (OP): An Ethereum Layer 2 chain
• Helium (HNT): A decentralized wireless network based on Solana
• Celo (CELO): A mobile blockchain project with a transition plan to an Ethereum Layer 2 payment network
• UMA Protocol (UMA): An optimistic oracle network providing services to one of the largest crypto prediction markets, Polymarket

Grayscale notes in its report that the US presidential election could pose significant risks to the cryptocurrency industry. The asset management giant highlights how former US President Donald Trump is preparing to embrace crypto as an industry, while presidential candidate Kamala Harris has said her administration will encourage innovative technologies while protecting investors.