CapMVRVCur
Capitalization, MVRV, current supply

Definition

The ratio of the sum USD value of the current supply to the sum "realized" USD value of the current supply.

Dictionary

IDCategorySubcategoryTypeUnitInterval
CapMVRVCurMarketMarket CapitalizationRatioDimensionless1 day

Details

Asset-specific details

Resource history

Interpretation

The intuition behind the creation of this ratio was to divide a price function by a ‘fundamental’ as proxied by Realized Capitalization (see Capitalization, realized, USD). This gives you a ratio potentially indicating periods of overvaluation (when network value far exceeds its historical relationship to realized cap) and undervaluation. Realized cap is a potent fundamental as it can be understood as the average cost basis for holders at a given time, so the ratio of the two indicates whether holders are underwater or not, giving insight into aggregate sentiment.

Availability for assets

AssetAvailable in Community tierAvailable in Pro tier
ADA
ANT
BAT
BCH
BNB
BSV
BTC
BTG
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CRO
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DAI
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