Grayscale’s Altcoin Surge Sparks Hopes for 2025 Rally
01.12.2024 9:00 1 min. read
Grayscale Investments has seen a remarkable surge in its cryptocurrency portfolio throughout November, driven by explosive gains in select altcoins.
Key assets like Stellar and XRP have posted triple-digit growth, bolstering speculation about an impending altcoin season.
According to Cryptorank, the market capitalization of Grayscale’s holdings has soared by more than 85% over the past month.
Stellar (XLM) led the charge with an astonishing 469% monthly increase, while XRP followed closely, climbing over 263%. Decentraland’s MANA token also stood out, gaining over 105%.
The impressive performance of these tokens has intensified expectations for an altcoin rally heading into 2025.
Market watchers predict that Ethereum (ETH) could breach the $4,000 mark ahead of President-elect Donald Trump’s inauguration on January 20, reflecting growing optimism about the crypto market’s trajectory.
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