Metric name: Market Cap to Thermocap Ratio
Chart:
API: https://chainmetrics.com/api/m34_market_cap_to_thermocap_ratio?apikey=[YOUR-API-KEY-HERE]
Metric description: The Market Cap to Thermocap Ratio is simply defined as Market cap / Thermocap, and can be used to assess if the asset's price is currently trading at a premium with respect to total security spend by miners. The ratio is adjusted to account for the increasing circulating supply over time.
Chart:
API: https://chainmetrics.com/api/m34_market_cap_to_thermocap_ratio?apikey=[YOUR-API-KEY-HERE]
Metric description: The Market Cap to Thermocap Ratio is simply defined as Market cap / Thermocap, and can be used to assess if the asset's price is currently trading at a premium with respect to total security spend by miners. The ratio is adjusted to account for the increasing circulating supply over time.