This is the "forever" moving average of the Market Cap.
The cumulative sum of the daily Market Cap values divided by the age of the market in days.
Can be seen as an ultimate bottom that should never be touched and if so is a good buying opportunity.
The default settings are for BTC.
If you want to test this indicator on another chart you have to change the...
🔗 Blockchain Fundamentals - Thermocap (Marketcap Alternative) by Cryptorhythms
Market capitalization is an indicator for assessing the value of equity in companies. Crypto has inherited the metric from stocks and is having a hard time trying to get rid of it. Problems here are:
Market Cap takes into account all coins distributed so far, not...
Bitcoin as an alternative to capital outflows, with a market cap of just 2 billion can easily be up by multiples from the outflow of yuan from mainland China alone.
People simply do not want yuan if their purchasing power is going down over time.
Current methods of taking capital off mainland China via overseas cash withdrawals are quickly being closed out by...