Monat: Dezember 2024

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Nasdaq to Add MicroStrategy to the Nas100 Index

  • The Nasdaq exchange has announced its yearly reshuffling of the top 100 largest non-financial companies by market capitalisation and will add MicroStrategy to the list for the first time.
  • The growth in MicroStrategy’s stock price, fueled by Bitcoin’s positive performance, has ballooned its market value, allowing it to qualify for inclusion.
  • MicroStrategy’s stock will be exposed to passive investment opportunities by being included in Invesco’s QQQ and other ETFs that invest in the Nasdaq’s top companies.

The Nasdaq 100 index tracks the 100 largest companies on the Nasdaq exchange. The companies included are usually recipients of passive fund flows from popular ETFs.

With a market capitalisation of $97.94 billion, MicroStrategy is the 40th largest company on the Nasdaq exchange, largely due to its massive Bitcoin treasury. The company’s share price has risen 505% since the start of the year, ballooning its market capitalisation from roughly $15 billion on Jan. 2 2024 to its current value.

MicroStrategy’s stock rise

MicroStrategy’s tremendous stock price run is driven by its Bitcoin buying efforts, which have spanned from August 2020 to December 2024 and have transformed the company into a quasi-Bitcoin ETF.

In total, the company has spent $23.41 billion on Bitcoin at an average price of $58,200 mainly by issuing debt notes. Its Bitcoin stash is worth $42 billion at market prices at the time of publishing.

More exposure to investors

MSTR’s inclusion in the NAS100 will expose it to more investors and funds that invest in the Nasdaq index. The largest fund that does this is Invesco’s QQQ trust with an AUM of $352 billion, but other funds holding billions of dollars also invest in the companies in the NAS100, like the iShares NASDAQ 100 UCITS ETF.

However, it is worth noting that not all companies in the Nasdaq 100 carry equal weighting. For example, Invesco’s QQQ ETF allocates roughly 53.1% of its portfolio to the top 10 companies on the Nasdaq exchange, while the remainder is distributed among the other 90 companies.

Nonetheless, 0.1% of a $352 billion pie is still significant.

It’s not all positive news

While the Nasdaq’s annual rebalancing will include MicroStrategy, the criteria for companies’ inclusion in the index is the major source of their market value.

MicroStrategy remains a provider of business intelligence technology and solutions, however, if a greater part of its value comes from its Bitcoin holdings, then it could be reclassified as a financial company and removed from the Nasdaq 100.

Bitcoin trades at $102,800 as of publishing while Nasdaq’s rebalancing will take effect on Dec. 23.

The post Nasdaq to Add MicroStrategy to the Nas100 Index appeared first on CoinJournal.

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Dogecoin and Ripple investors turn to iDEGEN a momentum grows

As AI takes over the crypto space, one project stands out; iDEGEN. Just three weeks into its presale, it’s price has rallied by close to 90,000%. Besides, the crypto-friendly environment that President Trump is cultivating is set to bolster the new entrant as well as other established cryptos. In fact, it is one of the aspects that has boosted XRP and Dogecoin’s price in recent weeks. 

Ripple’s bull run has just begun

Ripple price traded in the red in the just concluded week after five consecutive weekly gains. Even with the pullback, its gains year to date are at around 380%, having rallied to a 7-year high earlier in December. 

In addition to the bullish sentiment that has bolstered the broader crypto market post Trump’s win, the altcoin has become more attractive to investors as its final settlement with SEC looms. Besides, the incumbent US president, Donald Trump, has promised to ease crypto regulations. 

The actualization of these assertions will be beneficial to XRP, which has suffered longstanding legal struggles from regulatory authorities. In fact, as part of his support for the sector, Trump recently appointed Paul Atkins, a supporter of cryptocurrencies, to head SEC. With this favorable environment, bulls are eyeing $3 in the near term.

iDEGEN: The Experiment Competing with Major Cryptos

The cryptocurrency era started with Bitcoin leading the pack and investors seeking opportunities in major altcoins. Over the years, the crypto market has evolved; incorporating many projects and allowing investors with limited means to get a piece of the proverbial pie. 

This evolution has birthed AI meme coins. Like other meme coins, AI meme coins thrive in the power of social media and its ability to make a project go viral. Additionally, they leverage artificial intelligence and the concept of it being the future. As a result, AI meme coins’ market cap has soared in recent months to $6.95 billion, as indicated on CoinGecko. 

Among the AI meme coins taking over the cryptocurrency space is iDEGEN. In less than a month since its launch, the project has already raised over $5 million with over 1 billion $IDGN tokens sold. 

Its success lies in its unique approach to building a community and yielding FOMO among potential investors. To begin with, iDEGEN is raised by crypto degens, learning and absorbing every piece of data fed to it on Crypto Twitter (CT) in the form of a tweet, comment, or tag. This approach has birthed massive engagement on X that savvy investors know better than to ignore. 

Additionally, iDEGEN’s pricing model points to lesser dumps once the token hits public shelves on 1st January 2025. Ordinarily, meme coins start off with low prices that raise as they gain popularity during the presale period. Once they are listed on crypto exchanges, a significant number of investors liquidate their token holdings to make easy profits.

With iDEGEN, the price depends on its demand, which promotes fair pricing before its ICO less than a month from now. If a purchase is made within a span of 5 minutes, $IDGN’s price remains unchanged. However, a buy during the next window period of 5 minutes yields a price increase of 5%. On the other hand, absence of a purchase within the subsequent 5 minutes causes the price to drop by 10%. 

Notably, this fair pricing model has further contributed to the AI meme coin’s popularity. It is especially attractive to crypto investors looking for profitable opportunities that won’t cost them an arm and a leg. As at the time of writing, $IDGN was at $0.0990; up by 89,878%.  You can buy the iDEGEN token here.

Dogecoin’s stellar year set to continue in 2025 

Dogecoin recorded its first weekly loss in the just concluded week after trading in the green for eight consecutive weeks. On a broader scale, the top meme coin has had a stellar year with its price surging by over 350% year to date.

The project that started as a joke is now valued at close to $60 billion. Notably, the main principle that shaped its birth in 2013 – aggressive community support- is set to bolster its growth into 2025 and beyond. 

More specifically, Dogecoin has become synonymous with top billionaire Elon Musk. Indeed, Musk tweets on the crypto have led to its price skyrocketing on multiple occasions. 

Interestingly, the tech entrepreneur is now set to co-chair the Department of Government Efficiency (DOGE), an advisory team recently created by President Trump. While there is no direct correlation between the two entities, the interesting similarity in names and indirect link in the form of Musk is set to boost Dogecoin price. 

Besides, increased adoption of Dogecoin for payments is expected to sustain the meme coin’s aggressive growth in 2025. Among other merchants, investors will be keen to see if Xintegrates the crypto as a mode of payment. 

 

The post Dogecoin and Ripple investors turn to iDEGEN a momentum grows appeared first on CoinJournal.

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Die nächsten Schritte für Cardano: Roadmap bis 2025

Cardano hat ambitionierte Pläne für 2025: Der Fokus liegt auf Dezentralisierung, Governance und internationaler Zusammenarbeit. Gründer Charles Hoskinson stellte zentrale Ziele wie die Ratifizierung einer Netzwerk-Verfassung, den Ausbau globaler Partnerschaften und neue Finanzierungsmodelle vor.