According to Cointelegraph, in November, the value of Grayscale's cryptocurrency holdings saw a significant increase. 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 primarily driven by XLM, which rose over 469% in the past month, while XRP increased by more than 262% during the same period. MANA ranked third with an increase of over 105% in the past month.
More and more analysts expect the altcoin season to arrive in early 2025, during which ETH may rise to $4,000 before President Trump officially takes office on January 20, 2025.
Additionally, analyst Ryan Lee stated that the upcoming altcoin season could push the price of XRP up to $2.57 by the end of 2024: "XRP is expected to reach around $2.57 by December 2024. It is worth noting that the price trend of XRP may be influenced by the Bitcoin halving event. Historically, XRP has shown significant growth approximately 228 days after a Bitcoin halving."
