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Grayscale, the world’s largest digital asset management company, published a report commenting on the current situation in the cryptocurrency world. In this report, he stated that he expects 18 coins, along with Bitcoin and Ethereum, to come to the fore in the 3rd quarter of 2024. He also predicted that the rise in artificial intelligence coins will continue.
In addition to the launch of the Bitcoin spot ETF, Grayscale is awaiting final approval from the SEC for the same product in Ether. In the report sharing its expectations for the 3rd quarter of 2024, the company stated that it focused mostly on the rise of artificial intelligence coins. According to the report, with the adoption of Ethereum spot ETFs, the ecosystem is expected to grow around the Ethereum chain.
In the report, Grayscale predicts that Ethereum ETFs will receive significant investment in the same way as Bitcoin ETFs, increasing the valuations of tokens in the Ethereum ecosystem. “If ETF approval increases interest and adoption in Ethereum, certain layer two tokens (e.g., Mantle), Ethereum DeFi protocols (e.g., Uniswap, Maker, and Aave), and other assets central to the operation of the Ethereum network (e.g., “We may also see increased transaction activity and valuation support for (Lido),” he said.
Alongside the Ethereum ETF approval, Grayscale noted that the intersection between blockchain technology and artificial intelligence will continue to be a focus in the coming quarters. He emphasized that one of the assets in this category is Near, and that Near is among the best smart contract platforms in terms of the number of daily active users. The report stated that decentralized GPU markets such as Render and Akash may also be the choice of investors who want to invest in the field of artificial intelligence.
In the report, Grayscale also drew attention to projects with their own adoption tendencies and highlighted Toncoin and Pandle at this point. He stated that systems such as Toncoin and Pandle make a difference with their own technologies. He also stated that excessive token unlocking in tokens with user adaptation, such as Arbitrum and Optimism, creates a disadvantage for investors.
Grayscale has published a list of both old and new coins of the crypto world, such as NEAR, AKT, TON, LINK, RNDR and UNI. It published a list of projects with high potential for the third quarter.
Grayscale stated that this list will be updated quarterly and stated that many of the listed assets have high volatility and should be considered high-risk assets.
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