Grayscale Unveils “Top 20” Crypto List, Bets on Ethereum and AI-Linked Tokens
- Despite Bitcoin’s 50% rise, overall Crypto Sectors Market Index (CSMI) declined slightly, showing mixed market performance.
- Grayscale introduces “Top 20” high-potential tokens list, focusing on upcoming market catalysts and token-specific fundamentals.
- Potential U.S. approval of Ethereum ETPs could also impact the Ethereum ecosystem and associated crypto sectors.
Despite a year characterized by mixed performance across various crypto sectors, Grayscale’s report remains optimistic about the market’s prospects for the end of the year. While Bitcoin has experienced substantial gains, increasing by approximately 50%, the overall Crypto Sectors Market Index (CSMI) has not mirrored this success, experiencing a slight decline of about 3%.
This disparity is also evident in traditional equity markets, where a few large-cap stocks have dominated. In crypto, Bitcoin’s dominance often overshadows overall market performance, which is why Grayscale’s framework attempts to provide a more nuanced perspective by weighting assets by the square root of their market capitalization. This adjustment reveals a more substantial 30% increase on a market cap-weighted basis, pred…
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