Grayscale Investments has updated its top 20 crypto list based on high potential forecasts for the upcoming quarter. The updated list includes Avalanche (AVAX) and Morpho while excluding XRP and Cardano.
Grayscale's Top 20 Crypto List Update
On Friday, Grayscale Investments announced the update of its top 20 crypto list, focusing on high potential assets. The refreshed list continues to exclude prominent altcoins like XRP and Cardano (ADA), despite positive news concerning the SEC's case against Ripple.
Cryptos Added and Excluded
Added to the updated list are Avalanche (AVAX) and Morpho, selected after analyzing numerous factors including network growth, upcoming events, fundamental sustainability, token valuation, supply inflation, and potential risks. Meanwhile, Lido DAO (LDO) and Optimism (OP) were removed from the list, raising concerns about the future prospects of these tokens.
Market Response for XRP and ADA Following Update
Prices for XRP and ADA have declined over the past 24 hours. XRP fell by more than 4%, currently trading at $2.09, with a low and high range of $2.08 to $2.20. Simultaneously, ADA decreased by over 2%, trading at $0.555, with a low and high range of $0.571 to $0.574.
The update from Grayscale highlights a shift in the firm's focus toward adoption metrics, even as it excludes high-potential altcoins like XRP and ADA.
