Grayscale evaluates 35 new cryptocurrencies for future investment products

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Grayscale evaluates new cryptocurrencies for future investment products
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Grayscale evaluates 35 new cryptocurrencies for future investment products
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Grayscale, one of the largest digital asset managers in the world, is eyeing 35 new cryptocurrencies for potential investment products, expanding its already robust asset portfolio.

Among the altcoins evaluated, names such as Optimism (OP), SUI and Helium (HNT) stand out, which appear as new additions to the company’s radar. Currently, Grayscale manages more than 20 billion dollars in digital assets. Therefore, their selections often guide investors interested in building diversified portfolios in the world of cryptocurrencies.

Grayscale’s assessment process classifies cryptocurrencies into five distinct categories: Currencies, Smart Contract Platforms, Financial Services, Consumer & Culture, and Utilities & services).

This new look from the company includes not only popular cryptocurrencies such as Dogecoin (DOGE), but also emerging options such as Kaspa (KAS), Aptos (APT) and Toncoin (TON).

Cryptocurrencies in Grayscale’s sights

One of the cryptocurrencies that attracts the most attention on this list is SUI, which has seen its value grow by 300% since August. This growth reflects investor interest and the strength of the altcoin market.

In October, the price of the SUI token reached a new high of $2.36, driven in part by the creation of the Grayscale SUI Trust, launched in August 2024. This move reaffirms Grayscale’s strategy of capturing opportunities in emerging sectors of the market. cryptocurrencies.

Among financial sectors, Grayscale is evaluating tokens such as Injective Protocol (INJ) and THORChain (RUNE). Meanwhile, in the field of utilities, projects such as Helium (HNT) and VeChain (VET) appear as strong candidates.

The company not only seeks to expand its investment options, but also pays attention to new trends in the cryptocurrency sector. This includes the artificial intelligence (AI) sector, prediction markets and decentralized infrastructure networks (DePin).

These moves by Grayscale are closely watched by investors, who often use the company’s list as a guide for investment decisions.

Every quarter, Grayscale reviews its list of altcoins, which may change based on market analysis and the potential of each project. In the fourth quarter of 2024, the company added six new tokens, compared to the previous quarter, such as Bittensor (TAO), Celo (CELO) and UMA.

Grayscale evaluates 35 new cryptocurrencies for future investment products

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