Is it really profitable to follow them for investment? Grayscale's investment portfolio earns 85% through encryption. What coins are they investing in?

encryption cryptocurrency market sees a new investment opportunity

In the recent significant surge in the encryption coin market, the performance of Grayscale Investments' asset portfolio is particularly noteworthy. According to the latest data from CryptoRank, the company's encryption assets surged by 85% in Market Cap in November, driven mainly by Stellar (XLM), Ripple (XRP), and Decentraland (MANA).

In this wave of investment frenzy, Stellar coin leads the pack with an astonishing 492% monthly rise. XRP coin also surged by 368.9% during the same period, becoming the focus of investors' attention. The decentralized virtual world Token $MANA is not far behind, recording a 124% monthly rise. Grayscale Investments has not only reopened the private sale channels for 19 trust funds including Solana, XRP coin, and Stellar coin, but also included decentralized artificial intelligence funds available for subscription, covering tokens such as $NEAR, $TAO, $FIL, $RENDER, and $GRT.

Further Reading Follow the agency to have meat to eat? Grayscale: "These 20 coins" have the most explosive potential and have been added to the investment list

Image source: CryptoRank Grayscale Investments' portfolio of held Tokens

Is altcoin season coming? Analysts are optimistic about the future

Market analysts generally believe that we are currently on the eve of the Cryptocurrency 'altcoin season.' On November 30th, BTC fell below the two-year support line, a signal that investors are gradually shifting profits from BTC to altcoins. Well-known analyst Ali Martinez holds a particularly optimistic attitude towards Ether, boldly predicting a mid-term target of $6,000, and even a staggering long-term target of $10,000.

Image source: X Ali Martinez is particularly optimistic about Ethercoin, boldly predicting a midterm target of $6,000.

Another cryptocurrency trader, Ash Crypto, believes that Ethercoin is "very close" to the $4,000 mark. DOGE (Dogecoin) is also bullish, and Martinez said that the coin has the opportunity to achieve a gain of up to 2,400% on BTC. XRPcoin's performance has also been impressive, with its Market Cap returning to the $100 billion mark. Cryptocurrency analyst Dark Defender predicts that XRPcoin is expected to rush to $5 and may hit $2.13 in the short term.

Regulatory policy turning point, Crypto Assets promising

It is worth to follow that Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC) of the United States, who may bring significant benefits to the cryptocurrency market, will step down on January 20, 2025. The successor, Paul Atkins, is known for supporting technological innovation and is expected to bring more friendly cryptocurrency regulatory policies.

Industry analyst Ryan Lee further predicts that XRP has the potential to reach $2.57 by the end of 2024. In addition, 21Shares Asset Management has submitted an application for an XRP exchange-traded fund (ETF) to the SEC on November 1st, and institutional investors' willingness to enter the market is gradually increasing. Several cryptocurrency analysts, such as Egrag Crypto and Mikybull Crypto, have hinted at the possibility of XRP reaching a double-digit price target.

The cryptocurrency investment frenzy not only reflects the market's continued interest in emerging digital assets, but also shows that institutional investors' confidence in altcoins is gradually increasing. As regulatory environment may become clearer and technological innovation continues to advance, the cryptocurrency market seems to be at a new historical turning point. Investors will wait and see what new chapter this promising digital asset market will bring.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

'Following the purchase is really profitable? Grayscale's investment portfolio earns 85% through encryption, what coins are they laying out.' This article was first published in 'encryption city'