Grayscale’s cryptocurrency portfolio rose 85% in November, mainly driven by XLM, XRP and other tokens

According to Odaily Planet Daily, in November, the value of Grayscale's cryptocurrency holdings increased significantly. According to data from Cryptorank, the market value of Grayscale Trust Investment's cryptocurrency holdings grew by more than 85% in the past month. The growth of its investment portfolio was mainly driven by XLM, which has risen more than 469% in the past month, while XRP has risen more than 262% during the same period. MANA ranked third in terms of increase, rising more than 105% in the past month. More and more analysts expect that the Altcoin season will arrive in early 2025, and by then, ETH may rise to $4,000 before the official inauguration of President Trump on January 20, 2025. In addition, Ryan Lee, chief analyst at Bitget Research, said that the upcoming Altcoin season may cause the price of XRP to rise to $2.57 by the end of 2024: "XRP is expected to reach around $2.57 (in December 2024). It is worth noting that the price trend of XRP may be affected by the Bitcoin halving event. Historically, XRP has shown significant growth about 228 days after the Bitcoin halving."