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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesCrypto market cap is the current price of a cryptocurrency multiplied by its estimated circulating supply: market cap = price per coin or token × circulating supply. It is a way to compare the relative size of cryptoassets—not a measure of how much cash investors put into a project.
How is crypto market cap calculated?
Multiply the price per coin or token by the number of units counted as circulating. For an illustrative calculation, if 10 million tokens are counted as circulating and each trades at $2, the indicated market cap is $20 million. This is a hypothetical example, not a live asset statistic.
The result changes when the reference price changes, the estimated circulating supply changes, or both change. Data providers choose the price and supply inputs, so figures can vary by provider and may be revised. CoinMarketCap describes its total crypto market capitalization as the sum of the market capitalizations of the cryptoassets that meet its stated requirements; it is an aggregate data measure, not the value of a separate coin. CoinMarketCap’s aggregate market-cap methodology
What does circulating supply mean?
Circulating supply is an estimate of the coins or tokens considered to be circulating in the market and in the general public’s hands. CoinMarketCap calls it the “best approximation” of that amount, and cautions that the network at large cannot reliably know exactly how much supply is actively circulating. It should not be treated as a universally observable count of freely tradable units. CoinMarketCap Academy’s circulating supply definition
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Supply labels commonly used by data providers are not interchangeable:
| Supply measure | What it describes |
|---|---|
| Circulating supply | An estimate of units considered to be circulating in the market and public hands. |
| Total supply | Units already created, minus verifiably burned units; this can include locked or otherwise unavailable units. |
| Maximum supply | An estimated or encoded upper limit on units that may exist, if the asset has a fixed limit. |
Issuance, token unlocks, burns, and provider decisions about locked or inaccessible balances can change reported supply figures. For methodology details, see CoinMarketCap Academy’s total supply definition.
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How is market cap different from FDV?
Fully diluted valuation (FDV) applies the current price to total or maximum supply, according to the data provider’s definition. Market cap instead uses circulating supply. FDV can help show how a valuation might compare if a larger supply were counted, but it is hypothetical: it does not mean every unit will be issued, become available, or trade at today’s price. CoinGecko’s explanation of market cap and FDV
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What market cap does—and does not—tell you
It is not the amount invested
Market cap is not the net cash invested in a cryptocurrency or the total money put into its project. It applies a current reference price to the entire counted supply. A price move can therefore change market cap without an equivalent amount of new money entering or leaving the market.
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It is not a measure of liquidity
Market cap does not tell you how easily a large position can be bought or sold without moving the price. Trading conditions and liquidity are separate considerations.
It is not a quality or safety score
A large market cap, by itself, cannot establish a project’s quality, adoption, holder concentration, or safety. When comparing assets, check the circulating-supply methodology, total or maximum supply and future unlocks, price-source conventions, and liquidity conditions.
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