Is ETH Dead?

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

Michael Saylor is set to deliver a brief pitch to Microsoft's board of directors, urging them to consider investing in Bitcoin.

He has been granted just three minutes to make his case, during which he will outline how adding Bitcoin to Microsoft's portfolio could make the company’s stock more stable and less risky.

Saylor had previously sought a private meeting with CEO Satya Nadella, which was declined.

While Microsoft’s board, comprising executives from firms like Disney and Citigroup, recommends voting against the proposal, a December 10 shareholder vote will decide the outcome, potentially requiring the board to publicly defend its stance.

Microsoft has a cash reserve of ~$88 billion, and even if a small percentage of this gets allocated to Bitcoin, that could trigger substantial capital flow, and enhance the confidence of sidelined institutions to invest into Bitcoin.

Is ETH Dead?

ETH/BTC has hit new cycle lows of 0.33 at the time of writing.

This means that ETH has continued to underperform against BTC for the past 3 years. With BTC dominance rising, ETH has been unable to cope up. To make things worse, SOL/ETH is also hitting cycle highs, which means ETH is underperforming both Solana and Bitcoin.

However, we expect this trend to reverse soon. The market will go low enough for everyone to think that ETH is dead, before the ETH tsunami kicks in, and leaves everyone sidelined because it will pump so hard so quickly.

Investing in ETH now at ~$3,000 seems to be a fair entry point, and ETH will likely pull off a massive rally triggering a major altseason in the coming few months.

• Weekly on-chain insights.

• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

• Market cycle insights.

• Premium Telegram trading group, and more.

🌎 Other News

• MicroStrategy upsizes note offering to $2.6 billion to fund Bitcoin acquisition. Read more

• 21Shares Introduces Ethereum Staking Core ETP. Read more

• Bitwise is set to launch its own Bitcoin Spot ETF options. Read more

• Microstrategy surpasses $100 billion market cap. Read more

• 81.6% Matic holders are in losses. Read more

📕 Educational

ALT Season vs. BTC Season - A Quick Guide to Staying Smart

Here’s a key difference to keep in mind:

• ALT Season: Happens when BTC dominance drops fast, with 75%+ of alts outperforming BTC.

• BTC Season: When BTC dominance rises steadily, and BTC outshines most alts.

Right now, BTC dominance has been on a steady rise for years. In the past 30 days, 75% of alts have actually underperformed BTC, meaning we’re far from an ALT season, despite some recent hype around alts.

Avoid the FOMO

It’s easy to jump from one alt to another chasing gains, but that’s a fast track to losses—even if some coins go 10x. Remember, patience is key. Stick to your plan, preserve your capital, and your alts will shine when the time is right.

Stay focused, stay patient, and avoid the trap 90% of investors fall into in bull markets.

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.

Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.