MicroStrategyVsNasdaq

According to Odaily, MicroStrategy Inc., led by Michael Saylor, meets all the criteria for inclusion in the Nasdaq 100 Index. However, market analysts suggest that the company might be excluded during the index's annual adjustment on Friday. This speculation arises because MicroStrategy has transformed into a leveraged Bitcoin investment rather than a traditional software company, leading many to question its eligibility for the Nasdaq's top 100 stocks.Lance Vitanza, an analyst at TD Cowen, remarked that the index is intended to accurately represent all significant companies in the stock market, and any major company on the Nasdaq should be included. Despite this, he maintains a "buy" rating for MicroStrategy. The company currently holds over $40 billion worth of Bitcoin, following the cryptocurrency's recent record highs. However, its core business reported a net loss of $340 million in the third quarter of this year. MicroStrategy's market capitalization of $98 billion, which ranks it around the 40th largest stock in the Nasdaq 100, is largely driven by its Bitcoin acquisition strategy. This focus on Bitcoin could influence its inclusion in the index.Vitanza noted that Nasdaq might exclude MicroStrategy due to its smaller operational business size. Yet, he added that such a decision would be counterintuitive given the company's substantial market value. Michael Lebowitz, a portfolio manager at RIA Advisors, compared MicroStrategy to a commodity or ETF, asserting that without Bitcoin, the company is essentially defunct. He suggested that it should be reclassified as a financial company next year, as its value is entirely tied to Bitcoin. Lebowitz stated, "The vast majority of the company is just its Bitcoin holdings and the financial intrigue surrounding it, making it a financial company."Vitanza also mentioned that if MicroStrategy were included in the index, the increase in stock trading volume might not significantly impact its liquidity but could attract new investors. Joining the broader U.S. benchmark index, the S&P 500, presents a different challenge, as it considers the profitability of new entrants. This could be a hurdle for MicroStrategy, which has reported net losses in three of the past four quarters. Vitanza concluded, "The fact that they are not a traditional operating company in the conventional sense has a much greater impact on the S&P 500 than on the Nasdaq 100."

$DOGE
Dogecoin's market behavior has been volatile recently, with its price retracing nearly 25% after reaching a new yearly high of $0.484. This pullback has left the cryptocurrency struggling to regain its footing, leaving retail investors uncertain about its next direction. However, on-chain data from Santiment reveals a promising development: Dogecoin whales have taken advantage of the decline, accumulating 210 million DOGE during the downturn. This accumulation suggests that large holders are optimistic about Dogecoin’s future trajectory, signaling confidence in its potential for recovery.

The focus now shifts to whether this whale activity can reignite Dogecoin’s bullish momentum. Historically, accumulation by major investors during price corrections often precedes significant upward movements. For Dogecoin to reclaim its bullish trend, it must break through critical resistance levels, with $0.48 standing as a pivotal threshold. Market participants are closely monitoring this level, as a breakout could validate a renewed rally, while failure to hold the $0.36 support may lead to further downside and erode short-term investor confidence.

Awaiting the Next Move

Since its remarkable 220% surge starting November 5, Dogecoin has entered a consolidation phase as the market absorbs the prior rally's momentum. This period of stability reflects the growing involvement of “smart money,” with large investors strategically buying during declines, anticipating future price gains. This whale-driven activity signals long-term growth potential for Dogecoin, as well as broader interest in meme-based cryptocurrencies.

Currently trading at $0.41, Dogecoin has tested its $0.36 support zone, which has held firm despite market challenges. The price remains range-bound between $0.36 and $0.48, indicating a consolidation phase as bulls and bears vie for dominance. A decisive break above $0.48 could spark renewed bullish momentum, potentially driving Dogecoin to retest or surpass its recent highs. Conversely, losing the $0.36 support may lead to deeper corrections and reduced market confidence. The coming days will likely define Dogecoin’s next significant move, with both investors and analysts keeping a close watch.
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