Grayscale Investments on Friday said it has updated the Top 20 crypto list considering high potential over the coming quarter. The list continued to exclude prominent altcoins, including XRP and Cardano (ADA), despite the US SEC’s decision to drop its lawsuit against Ripple and the positive developments.
Grayscale Adds AVAX and MORPHO
Grayscale has added Avalanche (AVAX) and Morpho after analyzing hundreds of digital assets. The approach combines a range of factors, including network growth, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks.
The company uses its proprietary taxonomy and family of indexes called Crypto Sectors, developed in partnership with FTSE/Russell, to shuffle crypto assets in the Grayscale Research Top 20 list.
While Avalanche (AVAX) and Morpho (MORPHO) earned new spots for their growing fundamentals, two major Ethereum ecosystem players, Lido DAO (LDO) and Optimism (OP), were removed. Despite leading their categories, both tokens fell short on near-term momentum and token value capture. Grayscale’s move hints at a pivot toward adoption metrics over long-term alignment.
However, the exclusion of XRP and ADA, along with LDO and OP, raises eyebrows as these tokens hold major growth potential amid the latest developments. Notably, the U.S. SEC recently agreed that certain staking activities are not securities transactions.
As a result, many issuers have filed to include in-kind redemptions and staking in their Solana ETF applications to the SEC. Notably, XRP, Solana, and Cardano have received at least 90% approval odds from Bloomberg analysts.
Grayscale has even filed to convert XRP and Cardano trusts to ETF amid higher chances of approval by the new SEC in the Trump administration.
XRP and ADA Price Plunge
XRP price fell more than 4% in the past 24 hours, with the price currently trading at $2.09. The 24-hour low and high are $2.08 and $2.20, respectively. Furthermore, the trading volume has increased by 20% in the last 24 hours, indicating a rise in interest among traders.
Meanwhile, ADA price slipped more than 2% in the past 24 hours, with the price currently trading at $0.555. The 24-hour low and high are $0.571 and $0.574, respectively.
Also Read: Grayscale Fund With XRP, Cardano May Get Approval Before Solana ETFs
