Presales

MicroStrategy Lands on The NASDAQ As Fantom (FTM) Blasts Past $1

MicroStrategy (MSTR) just landed a spot on the US NASDAQ index, meanwhile Fantom crypto (FTM) is blasting past $1 valuation.

By Isaiah Mccall

Last Updated: Dec 16, 2024

Fact checked

By Sam Cooling

MicroStrategy (MSTR) just landed a spot on the US NASDAQ index, meanwhile Fantom crypto (FTM) is blasting past $1 valuation.

MicroStrategy (MSTR) just landed a spot on the US NASDAQ index. Meanwhile, Fantom crypto (FTM) is blasting past a $1 valuation – let’s take a look.

MicroStrategy just cemented its status as a Bitcoin (BTC) heavyweight, landing a spot on the Nasdaq-100. On December 23, the business intelligence firm—long treated as a Bitcoin proxy—joins the index, a marker of its growing clout.

This caps a massive year marked by surging stock values and unrelenting Bitcoin buys, cementing its place between Wall Street’s suits and crypto’s radicals. Across the market, Fantom (FTM) hovers at $1.20 support, posturing for a breakout if it can slice through $1.40 resistance.

Here’s where Bitcoin and Fantom are heading next, and more presale to jump on before it’s too late.

What Does Nasdaq-100 Inclusion Mean for MicroStrategy?

The Nasdaq-100 nod arms MicroStrategy with more than bragging rights. It signals validation in a club of tech powerhouses, with its 547% stock jump dwarfing the S&P 500’s modest gain of just under 27%. The company’s inclusion adds its stock to ETFs like the influential QQQ, paving the way for passive inflows that promise deeper liquidity and a firmer foothold in mainstream portfolios.

MicroStrategy is no stranger to making bold moves. The company has consistently expanded its Bitcoin reserves since 2020. Most recently, it announced the purchase of an additional 15,350 BTC at an average price of $100,386 per coin, bringing its total holdings to a staggering 439,000 Bitcoin—equivalent to 2% of Bitcoin’s total circulating supply.

(MSTR)

In the wake of the announcement, $MSTR broke out of a symmetrical triangle pattern to the high side, setting sights on the $440-$450 zone. The 20-day SMA for $MSTR is at $424.65, with the price perched comfortably above, signaling short-term bullish traction. At $403.75, the 200-day SMA stands as rock-solid long-term support, and the gap between them shouts confidence.

There’s also a golden cross in play—the 20-day sitting above the 200-day SMA—a classic sign that we’ll see upward momentum.

DISCOVER: 99Bitcoin’s Bitcoin Trading Guide: Here’s How to Net Profits Like Michael Saylor

Fantom (FTM) Is Breaking Out Above $1 Valuation

FTM Price Volume in 24h Price 7d has been clawing back this year, reaching $1.47 before resistance kicked in. The rally is happening out of a falling wedge, which is an impressive comeback, but the token gave up ground almost immediately. A quick 8% drop left it trading at $1.36, hemmed in by a forming rising wedge that screams “pullback ahead.”

(CoinGecko)

The indicators are flashing mixed signals. RSI leans into overbought territory, signaling stretched momentum. A break below $1.15 would confirm a bearish shift, with $0.72 and $0.58 waiting as safety nets.

FTM needs to smash past $1.48 to keep this bullish run alive. Anything short throws the door open to a correction.

One New Presale That Will Explode: Best Wallet Raises Over $4M

Dive into the Best Wallet presale as $BEST rockets past $4.5M raised after presale explodes on back of Bitcoin price hitting new ATH.
(Best Wallet Token)

As Bitcoin blows past $106,000, the frenzy around the Best Wallet Token ($BEST) presale surges, with over $4.5 million already snapped up by sharp-eyed investors. Projections show Bitcoin doubling by the end of 2025, but $BEST’s market debut could outpace even that, with forecasts of a tenfold leap, thanks to its cutting-edge features.

With less than 24 hours before the presale price climbs from $0.0232, interest is boiling over as investors scramble to secure positions for outsized returns.

The wallet’s multi-chain capabilities, non-custodial structure, and no-KYC policies are a breath of fresh air. 99Bitcoin’s analysts argue Best Wallet could dominate this bull cycle, with $BEST offering significant perks within its ecosystem. Some even whisper it could be the next 10x crypto rocket.

Join the Best Wallet Revolution Here!

EXPLORE: Who Is Ray Dalio? Founder Of World’s Largest Hedge Fund Latest to Back Bitcoin

Join The 99Bitcoins News Discord Here For The Latest Market Updates

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Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Isaiah Mccall
Isaiah Mccall
Crypto Analyst

Isaiah McCall is an ultramarathon runner and journalist for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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