Will $MSTR finally become a market leader?The leader of the industry right now is NASDAQ:MDB , but those not have any exposure to the #crypto market.
MicroStrategy provides enterprise-ready analytics, mobility and security software platforms for various industries.
Historically, NASDAQ:MSTR has outperformed AMEX:BITQ , I chose this ETF as a proxy of its peers as is better balanced than $AMEX:CRPT.
Since the beginning of the year, the stock its been in a bottoming process as the volatility continues to decline. And its relative strength line is in a trading range.
Recently, they announced a new multi-year partnership with NASDAQ:MSFT that will integrate MicroStrategy’s advanced analytics capabilities with Azure OpenAI Service.
Maybe this added to the volatlity contraction can help the price to breakout above $350 and start trending higher.