OPEN-SOURCE SCRIPT
StableCoin MC vs Total MC by Crypto5Max
In this indicator you will find the sum of all stable coins (market cap) divided by the total crypto market cap.
I believe there's a positive correlation between stable coins issuance and BTC's(and other coins) price appreciation. Or shortly put, to me the rising levels of stable coins represent increased levels of buying power (and adoption) waiting on the sidelines.
Here, I am taking the total market cap of all stable coins and dividing it by the total crypto market cap to get a ratio. Note, only ~85% of all stable coins are calculated (rest are not on TV), however, it should still be a fairly good representation. Some of the stable coins are already locked in smart contracts for yield farming and what not. I'd also say, there's interesting 2-year long channel that's developing currently. That said, take this indicator with a grain of salt as we still have a limited set of data.
Yours truly
I believe there's a positive correlation between stable coins issuance and BTC's(and other coins) price appreciation. Or shortly put, to me the rising levels of stable coins represent increased levels of buying power (and adoption) waiting on the sidelines.
Here, I am taking the total market cap of all stable coins and dividing it by the total crypto market cap to get a ratio. Note, only ~85% of all stable coins are calculated (rest are not on TV), however, it should still be a fairly good representation. Some of the stable coins are already locked in smart contracts for yield farming and what not. I'd also say, there's interesting 2-year long channel that's developing currently. That said, take this indicator with a grain of salt as we still have a limited set of data.
Yours truly
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。