Grayscale’s crypto portfolio absolutely popped off in November, with up by 85%, thanks to altcoins like Stellar (XLM) soaring 469%, XRP jumping 262%, and Decentraland (MANA) gaining 105%. Ripple-SEC buzz, ETF hype, and metaverse vibes fueled fire into the action. With Bitcoin dominance dropping, analysts say the altcoin party could keep going into next year.
November was wild for Grayscale’s crypto holdings, skyrocketing 85%, all thanks to some insane altcoin gains. Stellar (XLM) crushed it with a 469% jump, powered by major adoption hype and market love. XRP was not that far though, flexing a 262% boost, with Ripple’s SEC drama cooling off and whispers about a possible XRP ETF.
Then there’s Decentraland’s MANA, climbing 105% as metaverse projects started turning heads again. All this action has the altcoin market heating up, especially as Bitcoin dominance dipped below its usual support levels—a classic signal for altcoin runs.
Crypto experts think the party’s just getting started. With Bitcoin’s halving around the corner and SEC Chair Gary Gensler stepping down in January, altcoins like XRP could get another big boost. Oh, and there’s talk about a pro-crypto SEC leader taking over, which might mean smoother roads for crypto ETFs.
Bottom line? Investors are shifting Bitcoin gains into altcoins, and the vibes are high for an extended altcoin season heading into next year.
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