Altcoin News

Grayscale Considers DOGE, HBAR, AI16Z Among 39 Crypto for Investment Products

Grayscale announces 39 crypto for future investment products, sparking price jump in assets including Dogecoin (DOGE), HBAR and AI16Z
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Grayscale Considers DOGE, HBAR, AI16Z Among 39 Crypto for Investment Products

Highlights

  • Grayscale Investments eyes 39 cryptocurrencies for its investment products.
  • The assets under consideration include Dogecoin (DOGE), Hedera (HBAR), and Kaspa (KAS).
  • DOGE, HBAR, and AI16Z prices rises higher on the anticipation of a rally after the major news.

Grayscale, crypto asset management firm, is considering 39 cryptocurrencies for future investment products. These include top altcoins Dogecoin (DOGE), BNB, Hedera (HBAR), Kaspa (KAS), Aptos (APT), and more. Traders reacted immediately to the news bringing an upside momentum in the crypto under consideration.

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Grayscale Announces Crypto Under Consideration for Investment Products

Leading crypto asset manager Grayscale Investments disclosed diverse crypto assets under consideration for future investment products, according to official blog on January 9.

The company has announced top 20 crypto such as BNB, DOGE, TRX, and TON among the list of 39 crypto. Other digital assets from innovative and trending projects are 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.

Moreover, Grayscale is also considering new assets such as Hyperliquid (HYPE), Ai16z, Virtual Protocol (VIRTUAL), FLOCK, GRASS, Hyperbolic, Prime Intellect, Sentient, Space and Time, and Story Protocol.

“Assets Under Consideration lists digital assets not currently included in a Grayscale investment product but identified by our team as possible candidates for inclusion in a future product.”

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DOGE, HBAR, AI16Z and Other Crypto Prices Jump

ai16z price leads the upside momentum among the abovementioned crypto. It climbed 15% in the past 24 hours, with the price currently trading at $1.62. The 24-hour low and high are $1.28 and $1.72, respectively. Furthermore, the trading volume has increased by 21% in the last 24 hours, indicating a rise in interest among traders.

Dogecoin price has surged 5% after the announcement by Grayscale. DOGE price trades at $0.3339, recovering in support from whales. However, the trading volumes remain low amid crypto options expiry and jobs data due later today.

Meanwhile, HBAR price has jumped over 3% in the last 24 hours, with a slight profit booking seen in the last few hours. The 24-hour low and high are $0.2634 and $0.285, trading with low volume in spot exchanges. The community also expects approval of HBAR ETF by the US SEC under incoming Chairman Paul Atkins.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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