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There are super teams (C9, Liquid, FNC, SEN) that people fanboy over out of hope that these cores fixed the very big issues they had last year. If I'm being honest, they're all probably not making it out of groups.
The Legacy teams (Loud, NRG, NaVi) which I've never doubted in being really good this year. Sad the NRG x LOUD match happened in groups, but damn that was easily the best match so far of the tournament. These should be the favorites for most people not on copium.
The consistent rising star teams (DRX, 100T, LEV) which I can't think of off the top of my head for EMEA, that's not me shading the region, but going off last year alone... Fnatic did ass at masters and Champs, same with Liquid. DRX should honestly be a legacy team but they never won anything.
As for the question of 100T, I think they're in the same boat as LEV. Both teams have applied themselves, have improved leaps and bounds, and every single time we see them they look stronger. I think Lev has a much rougher time in getting out of groups then 100T does... I'm pretty sure that regardless of who wins the SEN/FNC game, 100T is probably going to shit on. They are by far the most funded NA team, have the longest practice time out of the NA teams, made actual staff and player decisions that showed results instantly, and are also the youngest, and one of the youngest group of players in valorant. You need to have literal dog shit for brains to doubt 100T at this point. NaVi/100T out of groups imho