Grayscale's crypto portfolio increases by 85%, many altcoins rise three digits

In November, Grayscale's cryptocurrency investment portfolio experienced significant growth, recording an increase of over 85% in market capitalization. Notably, altcoins such as Stellar (XLM) and XRP made substantial contributions to this rise with increases of 469% and 262% respectively over the same period. Additionally, the Decentraland (MANA) token also rose by more than 105%.

This growth reinforces analysts' confidence in an upcoming altcoin season, expected to occur before the beginning of 2025. Many predictions suggest that in the cryptocurrency market, Ethereum (ETH) could reach a price of $4,000 by January 20, 2025, marking a significant event in the industry. The prevalence and reforms in the SEC's policies are also seen as potentially facilitating the approval of more cryptocurrency ETF funds, thereby supporting the development of this sector.