Grayscale’s Altcoin Surge Sparks Hopes for 2025 Rally

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Cryptodnes2024/12/01 08:44

By:Cryptodnes

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%.

Spot Ethereum ETFs Surge to Record Inflows, Outpacing Bitcoin for the First Time

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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