A prepared trader is defined by their ability to see a bigger picture of a market. It applies to crypto traders too — if you agree, we've prepared a chart that will let you see the whole crypto market from a bird's-eye view. It shows total crypto market cap, which is calculated by TradingView by adding up top 125 coins market caps, which, in their turn, are the number of coins times their current price. A growing market cap can indicate investors' interest and their positive evaluation of the current market state. For you it might be a good indicator of where the wind blows and whether digital coins are a good investment tool.
Total Crypto Market Cap — Index Chart — TradingView (2024)
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