Grayscale Research recently released its top 20 crypto assets list for the fourth quarter of 2024. While major assets like Bitcoin and Ethereum were highlighted, XRP was noticeably absent.
This exclusion surprised many, given that Grayscale recently relaunched its XRP Trust. Despite its absence, an analyst predicts XRP could skyrocket to $1,000.
Grayscale Unveils Top 20 Crypto Assets List, Excludes XRP
Grayscale recently revealed the list for the last quarter of 2024. This list focused on assets with high growth potential based on emerging market themes and developments.
In a recent report, Grayscale highlighted Bitcoin, Ethereum, and Solana as top-performing assets. Bitcoin continues to lead the market, thanks to favorable conditions and the introduction of spot Bitcoin exchange-traded products (ETPs) in the United States.
Grayscale Research announced its Top 20 list featuring assets that, in our view, have high potential* for Q4 based on upcoming catalysts, trending market themes, and token-specific fundamentals.
Read the full Report: https://t.co/CAfxiF18kH pic.twitter.com/QwpySro7Ne
— Grayscale (@Grayscale) September 26, 2024
Despite challenges from alternative platforms like Solana, Ethereum also remains strong in the smart contract sector.
Solana has been gaining ground due to its lower fees and user-friendly platform. Grayscale’s report indicated that Solana is capturing market share and increasing competition in the smart contract space.
According to them, this increase in smart contracts will likely threaten the Ethereum ecosystem. Grayscale’s top 20 list included newer assets like Sui, Bittensor, and Helium.
These assets have gained attention due to network upgrades, decentralized infrastructure, and liquidity improvements.
Despite these new projects being included, XRP did not make the list. This decision surprised many because Grayscale’s XRP Trust has performed well since its relaunch.
According to an X post, the asset has surged to $11.77. The absence of XRP raises questions about Grayscale’s long-term view of the asset, even though its trust has grown.
📊 $XRP Trust Performance Rises! Grayscale’s XRP Trust NAV hits $11.77, signaling strong momentum.
— CryptoMoses (@realcryptomoses) September 18, 2024
Analyst Predicts XRP to Skyrocket Despite Grayscale’s Exclusion
Although Grayscale left XRP out of its top 20 list, not everyone shares this view. Linqto, which allows investments in pre-IPO companies, predicts that XRP could reach $1,000.
This prediction comes despite XRP’s current price of around $0.59. If the price prediction holds, this would represent a 168,761% increase.
This means an account holding $1,000 worth of XRP will gain around $1.68 million. Linqto sparked a conversation on X (formerly Twitter), asking XRP holders how they would react if the asset hit $1,000.
🚀 $XRP 🌕 pic.twitter.com/JQ4CyxxoLH
— Linqto (@linqtoinc) September 27, 2024
The post quickly gained attention from the XRP community. Many commenters shared their thoughts, some stating they would “cry happy tears” at such a windfall.
One user humorously said they would “call an ambulance” due to the excitement.
“There’s zero chance my heart can handle news this good,” the user added.
Despite the excitement, some people expressed doubt about XRP reaching such a high price. Several users stated they would do “nothing” because they don’t believe XRP has the potential to reach those levels.
However, the prediction of XRP reaching $1,000 is not new. Linqto isn’t the first to suggest this massive price surge. In 2022, the U.S.-based exchange Uphold asked a similar question: “What’s your next move if XRP hits $1,000?”
Some users have questioned why this prediction keeps surfacing. They wonder if these companies know something the general public doesn’t.
For now, excluding XRP from Grayscale’s top 20 list will likely affect investors’ confidence, given that the crypto market is often affected by negative news.
The silver lining is that XRP could regain momentum if any positive news emerges about the broader crypto market.
Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
Our Editorial Process
The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.
