Odaily Planet Daily reported that in November, the value of Grayscale's cryptocurrency holdings significantly increased. According to data from Cryptorank, the market value of Grayscale Trust Investment's cryptocurrency holdings grew by over 85% in the past month. The growth of its portfolio was mainly driven by XLM, which surged over 469% in the past month, while XRP rose by more than 262% during the same period. MANA ranked third with an increase of over 105% in the past month. An increasing number of analysts expect that a altcoin season will arrive in early 2025, when ETH might rise to $4,000 before President Trump officially takes office on January 20, 2025. Additionally, Ryan Lee, the chief analyst at Bitget Research, stated that the upcoming altcoin season could push XRP's price to $2.57 by the end of 2024: "XRP is expected to reach around $2.57 in December 2024. It is worth noting that XRP's price trend may be influenced by the Bitcoin halving event. Historically, XRP has shown significant growth approximately 228 days after a Bitcoin halving." (Cointelegraph)
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Grayscale Cryptocurrency Portfolio Rises 85% in November, Driven Mainly by Tokens like XLM and XRP
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XLM
0.5058
-5.70%
XRP
1.8851
+1.54%
MANA
0.6319
-0.01%
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