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.
This indicator monitors trending Mint NFT projects in real time, and broadcasts the top 3 popular Mint NFT projects every hour to help users discover the next popular NFT in the market.
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.
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.)