Grayscale says 5 altcoins are at the "buy" price levels

Grayscale Investments continues to express a positive outlook on Sui (SUI) this week, as it repeatedly issued assessments emphasizing the project’s potential. The company places particular emphasis on SUI’s programming model, saying it is well-suited to deployment needs at the organizational level. It also notes that the current altcoin price range is creating a notably attractive opportunity to accumulate.

In its analysis, Grayscale ranks SUI alongside Ethereum (ETH), Solana (SOL), Chainlink (LINK), and Avalanche (AVAX)—assets that are trading near historically low price zones, thereby reflecting what it considers attractive valuations in the current context.

Why Grayscale is focusing on SUI at this time

According to Grayscale, financial institutions are increasingly demanding higher processing speeds, operational efficiency, and the reliability of technology infrastructure. Against that backdrop, SUI stands out with a programming model designed to maintain security, while optimizing scalability and performance.

This view further reinforces an earlier assessment from Grayscale’s research team, which said the altcoin market is entering a price zone that could be seen as a reasonable entry point.

“Grayscale Research believes the current valuations of leading altcoins such as ETH, SOL, LINK, SUI, and AVAX… provide an opportunity to participate in a market full of potential,” the report states.

Research head Zach Pandl continues to clarify this argument in a separate analysis. He said the company’s altcoin basket has fallen by about 59% from its peak, and has only recovered about 2% from the bottom since Grayscale’s crypto ETP product launched in January 2024—suggesting that there remains significant room for recovery.

In addition, Pandl also pointed to the relative strength of the crypto market in March: while the S&P 500 fell by about 5%, Grayscale’s crypto sector index rose by about 4%, reflecting that capital flows still maintain a certain level of interest in digital assets.

“The current valuations of the leading altcoins… are truly very attractive,” the report emphasizes.

The institutional capital backdrop

Grayscale’s confidence in SUI is not limited to the research angle. The company has launched the GSUI staking ETF on NYSE Arca, and it is also operating trust funds for tokens in the SUI ecosystem such as DeepBook and Walrus.

This move suggests that SUI is becoming one of the most highly committed ecosystem-linked investments by Grayscale, ranking just behind Bitcoin and Ethereum.

At present, SUI is trading around $0.87, down more than 80% from the cycle peak of $5.36. Grayscale’s continued reinforcement of its positive stance could act as an important catalyst; however, the ability to form a sustainable bottom zone will still depend on whether institutional capital actually participates in line with this thesis or not.