1- LUNA price

To address this question, first in the terra.oracle_prices table by day for 30, 60, 90, past year and all time for LUNA, we get the average price on a daily basis and then left join results together.

2- What is Market Cup?

Market cap is abbreviated as market capitalization. The exact meaning of this phrase is "total market capitalization", which economists usually refer to as "market value" or "total market value". In the digital currency market, Market Cap is the total price of all coins in circulation. This specific criterion determines the market value of a currency code. Familiarity with the concept of market value helps market participants to buy and sell cryptocurrencies to have a better view of the risk, market size and liquidity of a digital currency. This criterion is also used to compare the value of different digital currencies.

What is the market cap formula? How to calculate market value

Market Cup formula is a very simple formula that is used to determine the market value:

Total number of coins in circulation × Price of each coin = market value

Why is Market Cup important?

Market cap and market value is a measure that helps you determine investment strategies and market analysis. Market value shows you the risk of investing in a digital currency. The larger the market cap of a currency code, the lower the risk of investing in it. Currencies that have a small market cap usually have more growth potential and can benefit you more. However, they are just as risky.

For example, buying and selling Atrium, which has the second most valuable market among all digital currencies, would be less risky than investing in digital currencies with relatively small markets such as Dash and Maker. However, it is also more likely to grow fast and sharp in a small market like Dash than Atrium. Of course, this does not mean that big markets are not risky or that small markets are always more profitable. In the following, we will have a comparison between large and small market cups.

3- LUNA Market cap

To address this question, we first obtain the total daily LUNA assets in the daily_balances.balance table. Then we get the average daily price for 30, 60, 90 days, past year, and the al time for LUNA, then LEFT JOIN the results together and calculate the MARKET CAP

Conclusion

Price and market cap always have the same trend and as the price of market cap goes up and vice versa. Only in a case where a coin is minted but not burned in the same proportion, the market cap goes up but the price decreases