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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 <a data-ct-non-breakable="null" href="https://cryptorank.io/watchlist/f251094fabc5" rel="noopener noreferrer nofollow" target="null" text="null" title="null">data</a>.
<figure><img alt="Grayscale’s crypto portfolio up 85%, driven by triple-digit altcoin gains" src="https://s3.cointelegraph.com/uploads/2024-11/01937d33-5fb9-7f7e-a7e9-0306accb1934" title="">
 <figcaption style="text-align: center;">
 Public watchlist: Grayscale Trust Investments. Source: Cryptorank
 </figcaption>
</figure>
The asset management giant’s portfolio increase was primarily driven by the Stellar (<a data-ct-non-breakable="null" href="https://cointelegraph.com/stellar-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">XLM</a>) token, which rose over 469% on the monthly chart and the XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">XRP</a>) token, up over 262% during the past month.
<figure><img alt="Grayscale’s crypto portfolio up 85%, driven by triple-digit altcoin gains" src="https://s3.cointelegraph.com/uploads/2024-11/01937d33-1ca2-76e7-ae9b-e51c9d074633" title="">
 <figcaption style="text-align: center;">
 XRP, XLM, MANA, 1-month chart. Source: Cointelegraph
 </figcaption>
</figure>
The Decentraland (<a data-ct-non-breakable="null" href="https://cointelegraph.com/decentraland-mana-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">MANA</a>) 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 (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ETH</a>) rise to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ether-price-surpass-4000-trump-inauguration" rel="noopener noreferrer nofollow" target="null" text="null" title="null">$4,000 before Jan. 20</a>, when President-elect Donald Trump officially takes office.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-liquidity-index-110k-top-january-2025" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Bitcoin liquidity index points to $110K local BTC top by January 2025</a>
<h2 id="analysts-eye-altcoin-season-and-xrp-price-rally-to-2-57-by-2025">Analysts eye altcoin season and XRP price rally to $2.57 by 2025</h2>
Bitcoin dominance fell below its two-year support line on Nov. 30, which is seen by analysts as a signal for an incoming <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-dominance-altseason-xrp-rally-2025" rel="noopener noreferrer nofollow" target="null" text="null" title="null">altcoin season</a>, when investors are taking profit from their Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BTC</a>) positions and investing part of these funds into altcoins.
<figure><img alt="Grayscale’s crypto portfolio up 85%, driven by triple-digit altcoin gains" src="https://s3.cointelegraph.com/uploads/2024-11/01937d32-af4e-760d-8742-36cecbd748b0" title="">
 <figcaption style="text-align: center;">
 Crypto market flow. Source: <a data-ct-non-breakable="null" href="https://x.com/rektcapital/status/1861922497555280171/photo/3" rel="noopener noreferrer nofollow" target="null" text="null" title="https://x.com/rektcapital/status/1861922497555280171/photo/3">Rekt Capital</a>
 </figcaption>
</figure>
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:
<blockquote>
 “It is anticipated that XRP could reach approximately $2.57 during [December 2024]. Notably, XRP's price trends may be influenced by Bitcoin's halving event. Historically, XRP has shown significant growth around 228 days after a Bitcoin halving.”
</blockquote>
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 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-etf-21shares-sec-listing-trading" rel="noopener noreferrer nofollow" target="null" text="null" title="null">file for an XRP ETF</a> with the US Securities and Exchange Commission (SEC) on Nov. 1.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-l2s-record-51-b-tvl-205-yearly-growth" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Ethereum L2s surpass record $51B TVL after 205% yearly growth</a>
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<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/paul-atkins-sec-chair-crypto-regulation-cftc-trump" rel="noopener noreferrer nofollow" target="null" text="null" title="null"> Paul Atkins</a>, a former SEC commissioner, has emerged as the leading candidate, who is known for his pro-innovation stance and crypto expertise.<iframe width="100%" height="315" src="https://www.youtube.com/embed/gnuNX0QwH3Q" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Bitcoin Could Explode After $100K—Here’s Why. Source: YouTube
&nbsp;Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-90k-forecast-crypto-trader-solana-etf-filings-hodlers-digest/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Is Bitcoin heading back to $90K? Solana ETFs, and more: Hodler’s Digest, Nov. 17 – 23</a>

Grayscale’s crypto portfolio up 85%, driven by triple-digit altcoin gains

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