๐Blockchain Fundamentals - Average Cap & Top Cap (Marketcap Alternatives)
Intro
Last one for a couple days but then I will be back! Here are the marketcap alternatives Average Cap (created by Renato Shirakashi) and Top Cap (created by Willy Woo).
Descriptions
Average Cap
This is the "forever" moving average of Market Cap. The cumulative sum of daily Market Cap values divided by the age of the market in days.
Top Cap
Willy Woo: "I found historically 35x Average Cap picks the market top. This 'Top Cap' together with Delta Cap creates a 'Valuation Bollinger Band'. Top Cap helps us estimate the next top, I would guess at 90k as a minimum (on the early trajectory). Top Cap is very experimental."
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I added to my chart and the top cap line is way off from the actual top compared to your chart. I'm using daily chart. how do I fix this?
theheirophant
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@Nanonen04, this is meant to be overlayed on marketcap, not a price ticket
herrschmidt
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Jeah, would like to use it as an overlay to the BraveNewCoin Liquid Index BTC Chart, but the scaling never fits. Best fit is to set "Pin to Scaling" to "No scaling (Fullscreen", but then it is still off.
theheirophant
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@herrschmidt, this is meant to be overlayed on marketcap, not a price ticker