BlockBeats reported on December 1 that, according to data from Cryptorank, the market value of Grayscale Trust Investment's cryptocurrency holdings has increased by over 85% in the past month. The growth of its portfolio was mainly driven by XLM, which has risen over 469% in the past month; meanwhile, XRP increased by over 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 the altcoin season will arrive in early 2025, when ETH could rise to $4,000 before President Trump officially takes office on January 20, 2025.