1-4 in no particular order
G2, Optic, Loud, Fnatic
5-8 in no particular order
Guard, Prx, Xerxia, Kru
8-12 in no particular order
Liquid, Zeta, Drx, NIP
what are yours?
Honestly very hard to tell who is the favorite here, if FPX was in i would probably say they were the favorites.
At the top 5 anyone can win honestly, Liquid and DRX are the "dark horses' for me since a lot of people are counting them off, below top 7 i would be very surprised if any of the other teams wins.
1 - G2
2 - OpTic
3 - The Guard
4 - FNATIC
5 - LOUD
6 - LIQUID
7 - DRX
8 - KRU
9 - PRX
10 - NIP
11 - XERXIA
12 - ZETA
The problem making ranks for Valorant is that things changes so fast within the game meta, plus we have regions that don't play with other because of geographic reasons, that it's hard to actually say which team is better than the other. Champions specially, there were teams participating that had not played in months, so how do you rate them? Using the data available, the matches they played, quality of players, quality of competition, etc.
In this Masters, we'll have new meta throughout the world, and to me the clash will be similar to what happened in Iceland last year. Although, this time, things will be much more competitive than Iceland. I don't think any team will dominate the entire tournament.
That being said, my personal rankings are (no order):
1-4
G2, OPTIC, FNATIC, TGRD
5-8
LOUD, DRX, PRX, LIQUID
9-12
KRU, XERXIA, NIP, ZETA