Grayscale Says 5 Altcoins Are at ‘Buy Zone’ Levels

Grayscale Investments posted consecutive endorsements of Sui ($SUI) this week, praising its programming model for institutional use while calling current altcoin prices a potential buying opportunity.

The asset manager highlighted $SUI alongside Ethereum ($ETH), Solana ($SOL), Chainlink ($LINK), and Avalanche ($AVAX) as tokens trading at historically low levels.

Why Grayscale Is Targeting $SUI Now

Grayscale argues that financial institutions need speed, efficiency, and reliability, and highlights $SUIs programming model, built to preserve security while scaling performance.

Financial institutions need:

-> Reliability$Sui's programming model was built to preserve security while scaling and maintaining performance – a huge part and stepping stone in reaching mass adoption.

It follows a recent post in which Grayscale Research called current altcoin levels a potentially attractive entry point.

“Grayscale Research believes that the current levels for leading altcoins like $ETH, $SOL, $LINK, $SUI, and $AVAX, amongst others, offer a potentially compelling entry point,” they said.

Head of Research Zach Pandl expanded on the thesis in a separate report. He noted that the firm‘s altcoin basket has fallen roughly 59% from its highs and gained only 2% from its lows since the January 2024 launch of the firm’s crypto ETP.

Pandl also pointed to relative strength in crypto markets during March. While the S&P 500 fell about 5%, the Grayscale Crypto Sectors Index rose about 4%.

“Current levels for leading altcoins…are quite compelling,” read an excerpt in the Grayscale report.

Broader Institutional Context

Grayscales $SUI conviction extends beyond research. The firm recently launched its GSUI staking ETF on NYSE Arca and also operates trusts for $SUI ecosystem tokens DeepBook and Walrus.

That makes $SUI one of Grayscales deepest single-ecosystem bets outside Bitcoin and Ethereum.

$SUI Price Performance. Source: BeInCrypto

$SUI currently trades near $0.87, having dropped over 80% from its cycle peak above $5.36.

Whether Grayscale‘s repeated backing helps establish a floor at these levels will depend on whether institutional capital follows the firm’s public thesis.