Grayscale, a company specializing in cryptocurrency asset management, is mulling over 39 different digital currencies as potential investments for future products. Among them are popular alternatives like Dogecoin (DOGE), BNB, Hedera (HBAR), Kaspa (KAS), Aptos (APT), and others. As soon as the news broke, traders promptly responded, creating a positive trend in the value of the mentioned cryptocurrencies.
Grayscale Announces Crypto Under Consideration for Investment Products
According to a post on their blog dated January 9th, Grayscale Investments – a prominent player in cryptocurrency management – revealed a range of potential crypto assets they are considering for future investment offerings.
The organization has disclosed a list of the top 20 cryptocurrencies including BNB, DOGE, TRX, TON, as well as others such as KAS, APT, ARB, TIA, HBAR, MNT, SEI, S, STRK, AERO, ENA, INJ, JUP, ONDO, PENDLE, RUNE, IMX, AKT, FET, AR, EIGEN, HNT, JTO, PYTH, and WLD from promising and popular projects.
Additionally, Grayscale is exploring potential additions to its portfolio, which includes assets like Hyperliquid (HYPE), Ai16z, Virtual Protocol (VIRTUAL), FLOCK, GRASS, Hyperbolic, Prime Intellect, Sentient, Space and Time, and Story Protocol.
Our team has identified potential digital assets that are not yet part of any Grayscale investment product, but could be added to a future product. These assets are listed under ‘Assets Under Consideration’.
DOGE, HBAR, AI16Z and Other Crypto Prices Jump
Among the cryptocurrencies mentioned, AI16Z is showing strong upward movement. It has surged by 15% over the past 24 hours, currently trading at $1.62. Over this period, its lowest and highest prices were $1.28 and $1.72 respectively. Moreover, the trading volume has experienced a 21% increase within the same timeframe, suggesting heightened interest from traders.
The price of Dogecoin increased by 5% following Grayscale’s announcement, currently standing at $0.3339. This rise in price can be attributed to the support provided by large investors, or “whales.” Despite this surge, trading volumes are still relatively low due to ongoing crypto options expiry and upcoming jobs data release later today.
Currently, the price of HBAR has surged approximately 3% during the past 24 hours. However, there’s been a minor sell-off in recent hours. In this period, the lowest and highest prices recorded were $0.2634 and $0.285, respectively. Notably, trading activity for HBAR has been relatively low on spot exchanges. Additionally, the community is hopeful that the US Securities and Exchange Commission (SEC) will approve an HBAR Exchange-Traded Fund (ETF) under the leadership of incoming Chairman Paul Atkins.
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2025-01-10 16:18