Grayscale Investments added six crypto assets to its curated list of top 20 crypto assets with great prospects for Q1 2025.
The Grayscale Research Team added Hyperliquid (HYPE), Ethena (ENA) Virtuals Protocol ( VIRTUAL), Jupiter (JUP), Jito (JTO) and Grass ( Grass) to its list of top 20 crypto tokens for 2025.
Grayscale’s Research Team conducts a quarterly analysis of the crypto market to inform the rebalancing process of the FTSE/Grayscale crypto sector family of indexes.
The goal of the analysis is to select crypto tokens with great prospects to surge in a given quarter using a carefully followed methodology as a guide.
Grayscales’s Methodology
Grayscale’s research team looks at various factors while analyzing the crypto market for tokens for its list.
The Research team considers network growth/adoption, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks.
For Q1 2025, the team expanded its methodology’s scope to fit current events that shaped the market. The selection of the 6 new tokens was based on the following criteria.
(1) the U.S. election and its potential implications for industry regulation, particularly in areas like decentralized finance (DeFi), and staking;
(2) Continued breakthroughs in decentralized AI technologies and the use of blockchains by AI agents
(3) Growth in the Solana ecosystem.
The 6 new tokens added to the list were chosen based on these criteria. Grayscale warns that the six assets are highly volatile and present significant risk despite their projections.
The Six New Tokens
- Hyperliquid (HYPE): Hyperliquid is a Layer 1 blockchain designed to support on-chain financial applications. Its primary utility is a decentralized exchange (DEX) for perpetual futures, featuring a fully on-chain order book. HYPE is exchanging hands for $25.94 dropping by 4.2% in the last 24 hours.
- Ethena (ENA): Ethena protocol has developed as a novel stablecoin, USDe, backed primarily by hedged positions in Bitcoin and Ether collateral. ENA is exchanging hands for $0.932 dropping by 4.8% in the last 24 hours.
- Virtuals Protocol (VIRTUAL): Virtuals Protocol is a platform for creating AI agents on Base, an Ethereum Layer 2 network. These AI agents are designed to perform tasks autonomously, mimicking human decision-making. Virtual is exchanging hands for $3.51 surging by 1.2% in the last 24 hours.
- Jupiter (JUP): Jupiter is the premier DEX aggregator on Solana, boasting the highest TVL among all applications on the network. Jupiter is positioned to benefit from the influx of retail traders to Solana and growing speculations around Solana Memecoins. The token is exchanging hands for $0.799 dropping by 1.1%
- Jito (JTO): Jito is a liquid-taking protocol on Solana. Jito has experienced substantial growth in adoption over the past year and offers one of the best financial profiles in all of crypto, generating over $550mn in 2024 fee revenue. The token is exchanging hands for $3.17 dropping by 3.9%.
- Grass (GRASS): Grass is a decentralized data network that rewards users for sharing their unused internet bandwidth through a Chrome extension. Grass is currently exchanging hands for $2.22 dropping by 4.0%.
Grayscale Investments is one of the issuers of Bitcoin and Ethereum ETFs. The asset managers joined the likes of Blackrock and Fidelity to get involved in Cryptocurrency offering their clients direct exposure to the two top crypto assets.
Grayscale warned that the six tokens added to the list are still subject to volatility thereby carrying inherent risk like all crypto tokens.
