Grayscale Research's Q3, 2024 Insight Report just dropped!
They've selected 20 tokens poised to shine next quarter, backed by catalysts and market trends.
Let's dive into their strategic picks. 🧵⬇️
They've selected 20 tokens poised to shine next quarter, backed by catalysts and market trends.
Let's dive into their strategic picks. 🧵⬇️
Funded in 2013, Grayscale is a behemoth in the space with over $50 billion in assets under management and responsible for some of crypto's largest funds.
These include GBTC,ETHE and the most recent GSOL
These include GBTC,ETHE and the most recent GSOL
Their most recent report dove into market dynamics, narratives, catalysts and fundamentals for Q3.
Each token was categorized as follows:
- ETF
- Macro
- ETH Ecosystem
- AI
- Idiosyncratic
Here's their overview and why they selected each of these tokens. 👇
Each token was categorized as follows:
- ETF
- Macro
- ETH Ecosystem
- AI
- Idiosyncratic
Here's their overview and why they selected each of these tokens. 👇
1. ETF/Macro ( $BTC )
The continued strength by $BTC year to date is indicative of the positive momentum driven by the approval of the Bitcoin ETF in January 2024.
Its max supply and minimal inflation have given it an edge vs. the broader crypto market which declined ~3%.
The continued strength by $BTC year to date is indicative of the positive momentum driven by the approval of the Bitcoin ETF in January 2024.
Its max supply and minimal inflation have given it an edge vs. the broader crypto market which declined ~3%.
2. ETF ( $ETH )
Similar to the performance BTC had earlier this year, Grayscale expects a similar outcome with the upcoming launch of $ETH ETFs.
Although the inflows are expected to be smaller than those of BTC, this should lead to a discovery phase for Ethereum's Ecosystem.
Similar to the performance BTC had earlier this year, Grayscale expects a similar outcome with the upcoming launch of $ETH ETFs.
Although the inflows are expected to be smaller than those of BTC, this should lead to a discovery phase for Ethereum's Ecosystem.
3. ETH Ecosystem ( $MKR, $UNI, $AAVE and $LDO)
Ethereum is home to the largest DeFi ecosystem in the crypto space.
The inflows could potentially spark a renewed interest within DeFi, allowing for key players within the ecosystem see increased activity.
Ethereum is home to the largest DeFi ecosystem in the crypto space.
The inflows could potentially spark a renewed interest within DeFi, allowing for key players within the ecosystem see increased activity.
In addition to inflows, many of these players have wide distribution, generate revenue, and have favorable tokenomics, making them easy for TradFi to value using traditional methods.
https://twitter.com/1641995815983140865/status/1803323546850172963
4. AI ($NEAR, $AR, $AKT)
The emergence of AI and crypto as a narrative has presented many with the increased adaptability and use cases AI can bring to blockchain.
Some areas seeing increased demand are LLM models, GPU demand, and decentralized compute, to name a few.
The emergence of AI and crypto as a narrative has presented many with the increased adaptability and use cases AI can bring to blockchain.
Some areas seeing increased demand are LLM models, GPU demand, and decentralized compute, to name a few.
$NEAR in particular has benefited from this narrative wave.
As it's positioned to capture market share as one of the top smart contract platforms with daily users in non financial use cases.
As it's positioned to capture market share as one of the top smart contract platforms with daily users in non financial use cases.
5. Idiosyncratic ($TON, $SOL, $PENDLE, $ILV)
We're also seeing network adoption by Ton, which is tied to the Telegram messaging platform, and is seeing significant growth in users essentially countering market trends.
We're also seeing network adoption by Ton, which is tied to the Telegram messaging platform, and is seeing significant growth in users essentially countering market trends.
Additional to this, protocols like Pendle have seen great success by allowing their users to customize their yield profile and strategies.
Lastly Solana and the increased adoption it's seen via its memecoins, has pushed network activity and created organic adoption.
Lastly Solana and the increased adoption it's seen via its memecoins, has pushed network activity and created organic adoption.
The market is constantly changing, and no prediction is ever completely accurate.
However, they can help us position ourselves for the next market phase by focusing on research-driven investments.
A full copy of their Top 20 list is included below 👇
However, they can help us position ourselves for the next market phase by focusing on research-driven investments.
A full copy of their Top 20 list is included below 👇
Tagging fellow chads:
- @Deebs_DeFi
- @defi_mochi
- @Haylesdefi
- @jake_pahor
- @Curious__J
- @crypto_linn
- @DeFiMinty
- @0xTindorr
- @0xsurferboy
- @CryptoGirlNova
- @0xSalazar
- @rektdiomedes
- @stacy_muur
- @poopmandefi
- @arndxt_xo
- @Deebs_DeFi
- @defi_mochi
- @Haylesdefi
- @jake_pahor
- @Curious__J
- @crypto_linn
- @DeFiMinty
- @0xTindorr
- @0xsurferboy
- @CryptoGirlNova
- @0xSalazar
- @rektdiomedes
- @stacy_muur
- @poopmandefi
- @arndxt_xo
Thank you for reading! I hope you've found this thread useful.
Follow me @Flowslikeosmo for more.
If you found this content valuable, give it a Like and Retweet the first tweet below. 👇
Follow me @Flowslikeosmo for more.
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