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The head of research at Grayscale Investments, Zach Pandl, has identified five cryptocurrencies whose performance over the past month appears promising, in his view.
According to Pandl, selecting entry points in the cryptocurrency market remains a challenging task, particularly in light of the military conflict in the Middle East, which is negatively impacting economic expectations. Despite the geopolitical uncertainty, several major altcoins have maintained their positions or experienced growth over the last month. Among these, the analyst highlighted Ethereum, SOL (Solana), LINK (Chainlink), SUI, and AVAX (Avalanche).
Over the month, Ethereum increased by 7.6% to $2,104, with a market capitalization of $253.9 billion. The LINK token gained 1.4% during the same period, reaching $8.7, while SOL fell by 3.6% to $79.7. The price of SUI decreased by 2.4% to $0.8732, and AVAX dropped by 2.7% to $8.6. The market capitalizations of these assets were $45.7 billion, $364.3 million, and $383.7 million, respectively.
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Pandl noted that the S&P 500 index declined by approximately 5% in March, whereas the Grayscale Crypto Sectors index rose by 4%. He assessed that the resilience of the cryptocurrency market may be linked to its oversold conditions and persistent fundamental factors.
Historically, altcoins appear undervalued, according to the analyst. Since the launch of exchange-traded cryptocurrency products (ETPs) in the U.S. in January 2024, the basket of altcoins has decreased by about 59% from its peaks and has only risen by 2% from its lows.
Pandl pointed out that altcoins can exhibit high volatility, making it premature to assert that a bottom has been reached. However, the current trend suggests that several assets are trading near the lower boundary of a three-year range, which could be viewed as a potential entry point.
According to Grayscale’s February report, Bitcoin has lost its correlation with gold, and its short-term performance is now dependent on technology stocks. In 2026, the company also submitted applications to launch exchange-traded funds (ETFs) linked to the cryptocurrencies BNB and NEAR.
