The ratio of coins Market Cap to its Realized Cap (MVRV) indicates whether the price is overvalued or not. Market Cap is the market value of asset, and Realized Cap represents aggregate market cost basis. Historically, values over '3.5' indicated price top and late bull cycles, and values below '1' signaled price bottom and market capitulation.
The data of this indicator comes from Nansen, the NFT Paradise function, which broadcasts the mint ranking of NFT smart money in the past 24 hours every day. Pay attention to the trend of NFT smart money, and quickly grasp the next NFT project with high potential and high return.
The indicator tracks changes in the API interface of the world's potential exchanges in real time to enable earlier access to information on new coins coming to the exchanges. KingData pushes it to subscribers in the form of newsletters. According to historical data, new coins added to the exchange API interface will go live on the corresponding exchange in a short period of time. When a mainstream exchange goes live, it has a positive impact on the coin price for a short period of time. Monitored exchanges include: Upbit, CoinTiger, MEXC, Bybit, Gate.io, Cryptocom.
This indicator broadcasts blue-chip potential NFTs by monitoring the market attention of new NFTs (such as NFT whale followers, Twitter followers, follower growth, etc.), helping NFT players discover the next blue-chip NFT. (Do your own research. It's not a financial advice.)