Grayscale’s crypto portfolio up 85%, driven by triple-digit altcoin gains
Grayscale’s cryptocurrency holdings have significantly increased during November, as altcoins like Stellar and XRP registered triple-digit gains, reinforcing analyst predictions of an incoming altcoin season.
Grayscale Trust Investment’s cryptocurrency holdings have increased by over 85% in market capitalization during the past month, according to Cryptorank data.
The asset management giant’s portfolio increase was primarily driven by the Stellar 
XLMUSD token, which rose over 469% on the monthly chart and the XRP 
XRPUSD token, up over 262% during the past month.
The Decentraland 
MANAUSD metaverse token was Grayscale’s third biggest gainer, up over 105% during the past month, Cointelegraph data shows.
Increasingly more analysts are expecting an altcoin season leading into early 2025, which could see Ether 
ETHUSD rise to $4,000 before Jan. 20, when President-elect Donald Trump officially takes office.
Analysts eye altcoin season and XRP price rally to $2.57 by 2025
Bitcoin dominance fell below its two-year support line on Nov. 30, which is seen by analysts as a signal for an incoming altcoin season, when investors are taking profit from their Bitcoin 
BTCUSD positions and investing part of these funds into altcoins.
The incoming altcoin season could see XRP price rally up to $2.57 before the end of 2024, according to Ryan Lee, chief analyst at Bitget Research.
The analyst told Cointelegraph:
Further progress on the potential XRP exchange-traded fund (ETF) would be a major price catalyst for the coin, added Lee.
Asset manager 21Shares was the latest to file for an XRP ETF with the US Securities and Exchange Commission (SEC) on Nov. 1.
XRP and other altcoins may also benefit from fundamental price catalysts leading into January, such as SEC Chair Gary Gensler stepping down from leading the securities regulator on Jan. 20
This could signal the acceptance of more crypto-based ETFs and favorable cryptocurrency regulations, as Paul Atkins, a former SEC commissioner, has emerged as the leading candidate, who is known for his pro-innovation stance and crypto expertise.
Bitcoin Could Explode After $100K—Here’s Why. Source: YouTube