Grayscale Updates Investment Strategy, Adds New Altcoins to Top 20 List

According to Odaily, cryptocurrency asset management firm Grayscale has updated its investment strategy, revealing 20 cryptocurrencies expected to perform significantly by the end of 2024. The Grayscale research team has identified emerging themes in the crypto space, including the rise of decentralized AI platforms, the tokenization of traditional assets, and the ongoing popularity of Memecoins. As part of this update, six new altcoins have been added to the top 20 list: SUI, TAO, OP, HNT, CELO, and UMA. Conversely, assets such as Render, Mantle, ThorChain, Pendle, Illuvium, and Raydium have been excluded this quarter. Grayscale emphasized that the top 20 assets are highly volatile and should be considered high-risk, not suitable for all investors.