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 primarily driven by XLM, which rose over 469% in the past month, while XRP increased by over 262% during the same period. MANA ranked third, with a growth of over 105% in the past month.
An increasing number of analysts expect the altcoin season to arrive in early 2025, during which ETH could rise to $4,000 before President Trump officially takes office on January 20, 2025.
Additionally, Ryan Lee, Chief Analyst at Bitget Research, stated that the upcoming altcoin season could push XRP's price up to $2.57 by the end of 2024: 'XRP is expected to reach around $2.57 in December 2024. It's 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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