Decentraland

Gary

Stellar

<p>Grayscale’s cryptocurrency holdings have seen a remarkable surge during November, with altcoins like Stellar (XLM) and XRP posting triple-digit gains.</p> 
<p>As per the data of Cryptorank, Grayscale Trust Investments has seen a significant 85% surge in the market capitalization of its cryptocurrency holdings in November. Stellar (XLM), XRP, and Decentraland (MANA) emerged as the top-performing assets in November, driving significant growth in Grayscale’s portfolio.&nbsp;</p> 
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  <img decoding="async" width="860" height="339" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/CryptoRank-Data-860x339.png" alt="Grayscale surges 85%" class="wp-image-219096" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/CryptoRank-Data-860x339.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/11/CryptoRank-Data-615x242.png 615w, https://www.cryptotimes.io/wp-content/uploads/2024/11/CryptoRank-Data-420x166.png 420w, https://www.cryptotimes.io/wp-content/uploads/2024/11/CryptoRank-Data-768x303.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/11/CryptoRank-Data-1536x605.png 1536w, https://www.cryptotimes.io/wp-content/uploads/2024/11/CryptoRank-Data.png 1748w" sizes="(max-width: 860px) 100vw, 860px">
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   Grayscale surges 85%, Source: <a href="https://cryptorank.io/watchlist/f251094fabc5" target="_blank" data-type="link" data-id="https://cryptorank.io/watchlist/f251094fabc5" rel="noreferrer noopener nofollow">CryptoRank</a>
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<p>Stellar led with an impressive 469% monthly gain, fueled by rising adoption and positive market sentiment. XRP surged 262%, benefiting from developments in the Ripple-SEC case and speculation surrounding a potential XRP exchange-traded fund (ETF).&nbsp;</p> 
<p>Meanwhile, Decentraland’s metaverse token, MANA, rose by 105%, reflecting increased interest in virtual reality and metaverse projects. These gains highlight the growing momentum in the altcoin market.</p> 
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  <img decoding="async" width="653" height="484" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/XRP-XLM-MANA-1-month-chart-653x484.png" alt="XRP, XLM, MANA, 1-month chart" class="wp-image-219097" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/XRP-XLM-MANA-1-month-chart-653x484.png 653w, https://www.cryptotimes.io/wp-content/uploads/2024/11/XRP-XLM-MANA-1-month-chart-553x410.png 553w, https://www.cryptotimes.io/wp-content/uploads/2024/11/XRP-XLM-MANA-1-month-chart-378x280.png 378w, https://www.cryptotimes.io/wp-content/uploads/2024/11/XRP-XLM-MANA-1-month-chart-768x570.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/11/XRP-XLM-MANA-1-month-chart-860x638.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/11/XRP-XLM-MANA-1-month-chart.png 1006w" sizes="(max-width: 653px) 100vw, 653px">
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   1-month chart of XRP, XLM, MANA, Source: TradingView
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<p>Analysts predict a strong altcoin season extending into early 2025, with Ether (ETH) <a href="https://www.cryptotimes.io/2024/11/28/ethereum-hits-3600-will-4000-be-the-next-this-week/" target="_blank" rel="noreferrer noopener">potentially reaching $4,000</a> before January 20, coinciding with President-elect Donald Trump’s inauguration. Bitcoin dominance fell below its two-year support line on November 30, a traditional marker for altcoin performance spikes.</p> 
<p>Bitget Research’s Ryan Lee estimates XRP could hit $2.57 by December 2024, especially post-Bitcoin halving, which historically benefits altcoins.&nbsp;</p> 
<p>XRP and other altcoins could see a boost from key developments in January, including the departure of SEC Chair Gary Gensler on January 20. Paul Atkins, a pro-innovation and crypto-friendly leader, <a href="https://www.cryptotimes.io/2024/11/27/paul-atkins-to-replace-gary-gensler-as-next-sec-chair/" target="_blank" rel="noreferrer noopener">could replace Gary Gensler</a>, potentially opening doors for more crypto ETFs and better regulations to boost the market.</p> 
<p>Additionally, Asset manager 21Shares <a href="https://www.cryptotimes.io/2024/11/02/21shares-files-with-sec-to-launch-xrp-etf-for-u-s-investors/" target="_blank" rel="noreferrer noopener">filed for an XRP ETF with the SEC</a> on November 1, potentially accelerating institutional adoption. Investors appear to be reallocating Bitcoin profits into altcoins, setting the stage for a broader market rally.</p>

Grayscale Portfolio Soars 85% with Triple-Digit Altcoin Growth

The Crypto Times

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