How to chart crypto market caps beyond TOTAL, TOTAL2, etc.!
TradingView offers some awesome abilities to chart the entire market cap for cryptocurrencies using TOTAL, TOTAL2, and OTHERS under CRYPTOCAP. However, I often find myself having inquiries beyond just these symbols, so I would like to introduce how to show other market caps possible using some simple math.
For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them:
* CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have
* CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin
* CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin
* CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum
* CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D"
Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page.
However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out:
* "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2", aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition
* "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100", aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH
* "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100", aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths
I should note as well that the market cap of any currency can easily be calculated using the formula "<COIN>.D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc.
To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead.
Hopefully folks find this useful for their future charting endeavors.
For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them:
* CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have
* CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin
* CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin
* CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum
* CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D"
Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page.
However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out:
* "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2", aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition
* "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100", aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH
* "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100", aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths
I should note as well that the market cap of any currency can easily be calculated using the formula "<COIN>.D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc.
To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead.
Hopefully folks find this useful for their future charting endeavors.
