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Asset Market Cap Comparison

Overview

This indicator shows the historical ratio of a particular asset's market capitalization relative to the market capitalizations of Bitcoin (BTC) and Ethereum (ETH). The ratio is calculated by dividing the market capitalization of the asset (the asset's current market price multiplied by its circulating supply) by the market capitalization of BTC and ETH separately. The results are represented as two separate ratios over time.

💡 How can I use it?

This indicator provides a way to gauge the relative size and importance of an asset in the context of the two largest cryptocurrencies. It can provide insight into the asset's growth or decline in relation to BTC and ETH.