This page was created to help Monero's community, but this isn't financial advice. Invest at your own risk.
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Thermocap multiple is the ratio obtained between dividing the current price of the coin by the accumulated price of each mined coin.
It is often used to indicate end of a bull market. The formula is XMR-price/(SUM(Daily Reward * Price at current date)). The Thermocap Bands are calculated
by the current sum of all mined coins multiplied to its price at that current date. You can learn more about this here.