Grayscale Says 5 Altcoins Are at ‘Buy Zone’ Levels

Grayscale Investments has highlighted five altcoins – Ethereum (ETH), Solana (SOL), Chainlink (LINK), Avalanche (AVAX), and Sui (SUI) – as trading at historically low levels, presenting a potential buying opportunity. The firm particularly emphasizes Sui's programming model as suitable for institutional investors due to its speed, efficiency, and reliability. Grayscale Research notes that their altcoin basket has fallen 59% from its highs but has gained 2% since the launch of their crypto ETP in January 2024. They also point to the relative strength of crypto markets in March, outperforming the S&P 500. Grayscale’s commitment to SUI is further demonstrated through the launch of its GSUI staking ETF and operation of trusts for SUI ecosystem tokens, making it a significant investment outside of Bitcoin and Ethereum. Currently trading near $0.87, SUI has dropped over 80% from its peak, and Grayscale’s endorsements aim to attract institutional capital and potentially establish a price floor.

(Source：BeInCrypto)