Grayscale's cryptocurrency portfolio grows by 85%, thanks to triple-digit gains in altcoins

Grayscale's cryptocurrency portfolio has recorded a significant 85% increase in November, driven by the price surge of altcoins, primarily Stellar (XLM) with a gain exceeding 469% and XRP with an increase of over 262%. This growth is supported by expectations of an upcoming altcoin season, with many analysts predicting that the market will continue to recover until early 2025.

Among other coins in the portfolio, Decentraland (MANA) also saw an impressive price increase, over 105% in the past month. This indicates a growing interest in cryptocurrencies from investors, especially amid Bitcoin's drop below support levels over the past two years. All these factors are driving predictions that XRP could reach around $2.57 by December 2024, based on factors such as Bitcoin's halving event and the potential of the XRP ETF.