A new set of CRYPTOCAP symbols has been introduced on a trading platform, aimed at enhancing analysis tools for users engaged in the cryptocurrency market. The addition of these symbols bolsters the capacity for tracking market capitalization across various sectors, enabling traders and investors to identify trends early and make informed decisions based on a broad view of the market landscape.
The new symbols are categorized based on different ecosystems and operational frameworks within the cryptocurrency space. For instance, the SOLANA.C symbol reflects the capitalization of the top 100 cryptocurrencies specifically related to the Solana ecosystem, while the POLKADOT.C symbol pertains to the capitalizations within the Polkadot ecosystem. Other symbols represent similar metrics for the BNB Chain (BNBCHAIN.C) and the Ethereum ecosystem (ETHEREUM.C).
Additionally, there are symbols focused on stablecoins, such as STABLE.C, which shows the capitalization of the top 100 stablecoins, and FIATSTABLE.C, which specifically tracks the top 100 fiat-backed stablecoins. The introduction also includes LAYER1.C for Layer 1 networks, and DEPIN.C for decentralized physical infrastructure networks.
The list continues with SMARTCONTRACTS.C for smart contract platforms, and POW.C and POS.C, which track the top cryptocurrencies utilizing the Proof-of-Work and Proof-of-Stake algorithms, respectively. A light-hearted inclusion is represented by the MEME.C symbol, denoting the capitalization of meme coins, while EXCHANGES.C covers exchange tokens. The AI.C symbol captures the cryptocurrencies involved in data management and artificial intelligence, and RWA.C focuses on real-world assets.
Moreover, the symbols REHYPOTHECATED.C and MADEINUSA.C track the capitalization of specific asset categories, while WORLDLIBERTY.C relates to the World Liberty Financial Portfolio.
Traders can utilize the Crypto Coins Screener tool to filter and view the top 100 cryptocurrencies organized by category, blockchain ecosystem, and consensus algorithm. If a category contains fewer than 100 currencies, the index will include only those available but will not exceed 100.
To provide a more comprehensive understanding of market dynamics, several total market capitalization symbols have also been launched. These include TOTALES, which tracks the capitalization of the 125 largest cryptocurrencies excluding stablecoins, and TOTAL2ES, which focuses on the same group but excludes Bitcoin. TOTAL3ES provides data for the largest cryptocurrencies excluding Bitcoin and Ethereum, giving users clarity on market conditions without the influence of the top cryptocurrencies.
Further breakdowns are available with TOTALE50 and TOTALE100, which represent capitalizations for cryptocurrencies ranked from 51 to 125 and 101 to 125, respectively.
In terms of market dominance, users can access symbols that reflect the proportion of certain groups in relation to the overall market cap. For instance, CRYPTOCAP:STABLE.C.D tracks the percentage of stablecoin capitalization compared to the total crypto market cap. Other symbols like CRYPTOCAP:TOTALES.D and CRYPTOCAP:TOTALE50.D offer insight into how the capitalizations of major categories stack up against the overall market.
Lastly, there are specific ratios comparing coin groups against Bitcoin, such as CRYPTOCAP:TOTAL3ESBTC, which gives a comparative view of total capitalization excluding stablecoins against Bitcoin’s capitalization. Similarly, CRYPTOCAP:OTHERSBTC compares the capitalization of all cryptocurrencies excluding the top ten directly to Bitcoin’s market figures.
Overall, these new symbols serve to equip traders and investors with a more detailed and nuanced understanding of the cryptocurrency landscape, allowing for a deeper analysis of both emerging trends and established market dynamics.