Grayscale Reveals Top 20: ENA Coin Among the Best, While CELO Gets Dropped

Andras Crow-Hreidar
By Andras Crow-Hreidar Add a Comment
3 Min Read

Grayscale Research has unveiled its Top 20 Digital Assets list for Q1 2025, highlighting tokens with high growth potential. The newly updated list reflects key market trends and Grayscale’s strategic focus areas for the upcoming quarter.

Grayscale Reveals Top 20: ENA Coin Among the Best, While CELO Gets Dropped = The Bit Journal

Grayscale Adds ENA Coin and Five Others to Its Top Picks

For 2025’s first quarter, Grayscale is emphasizing three core market themes:

  1. The impact of the U.S. elections on cryptocurrency regulation, particularly in decentralized finance (DeFi) and staking.
  2. Continued breakthroughs in decentralized artificial intelligence (AI) and blockchain-based AI tools.
  3. The expansion of the Solana ecosystem.

Based on these trends, six new tokens have been added to Grayscale’s Top 20 list:

  • Hyperliquid (HYPE): A Layer 1 blockchain supporting on-chain financial applications.
  • Ethena (ENA): Creator of USDe, a stablecoin backed by Bitcoin and Ether collateralized hedge positions.
  • Virtual Protocol (VIRTUAL): An Ethereum Layer 2 network for building AI tools on the Base platform.
  • Jupiter (JUP): A leading DEX aggregator on Solana.
  • Jito (JTO): A liquid staking protocol within the Solana ecosystem.
  • Grass (GRASS): A decentralized data network rewarding users for sharing unused internet bandwidth.

Meanwhile, Celo has been removed from the list for this quarter. Grayscale noted that the selected assets align with critical themes such as DeFi applications, AI advancements, and Solana ecosystem growth.

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Grayscale Reveals Top 20: ENA Coin Among the Best, While CELO Gets Dropped = The Bit Journal

Highlights from Grayscale’s Report

Grayscale’s report also touches on Q4 2024, where the market saw a significant uptick due to the positive sentiment following the U.S. elections. The total crypto market valuation increased by $1 trillion during the period. Smart contract platforms emerged as the most competitive market segment, reinforcing the relevance of Ethereum scaling solutions like Optimism and Chainlink, which were reintroduced to the list alongside Helium.

Grayscale emphasized that investing in cryptocurrency comes with inherent risks, including regulatory uncertainty and potential vulnerabilities in smart contract platforms. Furthermore, all assets on the Top 20 list exhibit high volatility and should be considered high-risk investments.

The Bit Journal’s Insight

As the cryptocurrency market evolves, Grayscale’s Top 20 list serves as a valuable guide for investors navigating emerging trends. For more updates on the most promising digital assets, stay tuned to The Bit Journal.

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Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

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Editorial Director Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.
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