Grayscale Investments has seen a remarkable surge in its cryptocurrency portfolio throughout November, driven by explosive gains in select altcoins.
Key assets like Stellar and XRP have posted triple-digit growth, bolstering speculation about an impending altcoin season.
According to Cryptorank , the market capitalization of Grayscale’s holdings has soared by more than 85% over the past month.
Stellar (XLM) led the charge with an astonishing 469% monthly increase, while XRP followed closely, climbing over 263%. Decentraland’s MANA token also stood out, gaining over 105%.
The impressive performance of these tokens has intensified expectations for an altcoin rally heading into 2025.
Market watchers predict that Ethereum ( ETH ) could breach the $4,000 mark ahead of President-elect Donald Trump’s inauguration on January 20, reflecting growing optimism about the crypto market’s trajectory.