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There are several ways to analisys a crypto for a trade not the project itself, but right now we're going to do the Mayer Multiple methodology.  What is a Mayer Multiple? This methodology was first created by Trace Mayer as a way to analyse the price of Bitcoin in a historical context. "The Mayer Multiple is the multiple of the current Bitcoin price over the 200-days moving average." It is not an indicator that you should buy,sell or hold, it's just another way to complement your analisys and create more theorical basis to your decision. Why is 2.4 the best indicator? "Simulations performed by Trace Mayer determined that in the past, the best long-term results were achieved by accumulating Bitcoin whenever the Mayer Multiple was below 2.4. " So whenever in the past 200 days the indiciator shows us this indicator below 2.4 it has a nice opportunity to buy, however as said before you must compare with other indicators to make a better decision. N

Crypto market cap has crossed the $1 trillion-mark as BTC price continues to skyrocket amid an extreme buying frenzy There’s no letup in the mammoth crypto rally led by Bitcoin, as the premier digital currency charts a newer all-time high (ATH) by taking out another psychological barrier of $40k. Hard to imagine that the BTC price was hovering around $10k, only about a couple of months ago. However, the bigger news was another landmark that the crypto market hit yesterday — achieving a collective market cap of $1 trillion. At the time of writing, it stood at $1.059 trillion. Bitcoin has not been the only cryptocurrency on a roll lately — Alt. coins have also started to show some strength as an investment in BTC has gotten too expensive for many. The leader of Alt. coins, Ethereum has come alive with the onset of the new year. I discussed in my last piece how various factors might greatly benefit the second largest crypto in 2021. Coming back to the crypto market cap, it h