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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Recent trading data shows a clear tilt toward optimism among Binance users when it comes to XRP.
The U.S. Securities and Exchange Commission (SEC) is taking additional time to evaluate a proposal that would allow Grayscale to integrate Ethereum staking into its spot ETF offerings.
Canada is once again taking the global lead in crypto innovation—this time with Solana.
Crypto markets have been treading water lately, but a bold prediction from TRON founder Justin Sun has stirred some excitement.