On September 26, Grayscale added six new cryptocurrencies to its Top 20 watchlist. The asset management firm released its report to showcase promising sectors within the cryptocurrency market for Q4 2024.
Bitcoin and Ethereum Outperform the Crypto Sectors Market Index
According to Grayscale’s Research Insights report, “Crypto Sectors in Q4 2024,” published on September 26, Bitcoin and Ethereum, the top two cryptocurrencies by market capitalization, continue to outperform the Crypto Sectors Market Index (CSMI).
The report details the performance of altcoins alongside Bitcoin and Ethereum. Notable sectors include decentralized Artificial Intelligence (AI) platforms like Bittensor (TAO) and projects focused on the tokenization of Real World Assets (RWA), such as Ondo Finance (ONDO), OM, and GFI. Additionally, meme coins like Pepe (PEPE), Dogwifhat (WIF), and Floki (FLOKI) have led gains within the sector.
In its report, Grayscale warns that the upcoming U.S. Presidential election could present significant risks for the cryptocurrency industry. The firm highlights that former President Donald Trump is preparing to embrace crypto, while Presidential candidate Kamala Harris has stated her administration will promote innovative technologies while ensuring investor protection.
