How to calculate market cap?

Market cap equals the current price multiplied by the circulating supply. Enter either value and the calculator works out the other.

Market cap formula crypto?

Market cap = price x circulating supply. Rearranged, price = market cap / circulating supply, which is how you find a coin price at a target market cap.

Market cap uses circulating supply. Fully diluted valuation uses the maximum supply, so it shows value if every coin were already in circulation.

Circulating supply vs total supply?

Circulating supply is what trades on the market now. Total supply includes locked or reserved coins that are not yet available.

Coin price at target market cap?

Enter a target market cap and pick a coin. The calculator divides it by the circulating supply to give the implied price per coin.

Fully diluted valuation formula?

FDV = current price x maximum supply. It shows the value of a project if all of its coins were released.

What is market capitalization?

Market capitalization is the total value of a cryptocurrency, calculated as price multiplied by circulating supply. It is used to rank coins by size.

Crypto Market Cap Calculator

Market cap is price multiplied by circulating supply. Enter your own numbers or load a coin from live data to calculate its market cap, fully diluted valuation and the rank it would hold.

Load a coin (optional)

Circulating supply

Price per coin

USD

Maximum supply

Market cap

$1,584,000,000,000.00

$1.58T

Fully diluted valuation

$1,680,000,000,000.00

$1.68T

Rank it would take

#2

among the top 100 coins

Coins near this market cap

Coins ranked closest to the calculated market cap
Coin	Market cap	Circulating supply
Bitcoin (BTC)	$1.64T	20,104,659
Ethereum (ETH)	$289.47B	122,170,166
Tether (USDT)	$181.62B	181,828,259,330
BNB (BNB)	$98.63B	131,511,551

How to Use the Crypto Market Cap Calculator

Choose a coin to fill in live data, or select Custom to start from scratch.
Enter or adjust the circulating supply and the price.
Add the maximum supply to see the fully diluted valuation.
Review the market cap and the rank it would take among the top coins.

About the Crypto Market Cap Calculator

The formula is simple: market cap equals price times circulating supply. Fully diluted valuation uses the maximum supply instead, which shows what the project would be worth if every token were already in circulation.

Looking for the price a coin would need to reach a target market cap? Use the main market cap calculator on the home page, which works the other way round.

Market Cap Formula

Market capitalization is the total value of every coin in circulation. The formula is: market cap = current price x circulating supply. Rearranged, the price at a target market cap is: price = market cap / circulating supply.

Example: a token with 500 million coins in circulation at a price of 2 USD has a market cap of 1 billion USD.

Market Cap vs Fully Diluted Valuation

Market cap uses only the coins that are circulating today. Fully diluted valuation (FDV) uses the maximum supply, including coins that are locked, vesting or not yet mined. The formula is: FDV = price x max supply.

A large gap between market cap and FDV means a lot of supply is still to be released. That future supply can add selling pressure, which is why serious analysis looks at both numbers.

How to Use Market Cap Wisely

Market cap is a size measure, not a price measure. Keep these points in mind.

A low price does not mean a coin is cheap. A coin with trillions of tokens can have a huge market cap at a tiny price.
Compare coins by market cap, not by price per coin.
Check how much supply is circulating and how much is still locked.
Look at trading volume. A high market cap with thin volume can be hard to sell into.

Crypto Market Cap Calculator FAQ

What is the market cap formula?

Market cap equals the current price multiplied by the circulating supply.

What is fully diluted valuation?

FDV is the price multiplied by the maximum supply. It shows the value if all tokens were in circulation.

Can I test a coin that does not exist yet?

Yes. Choose Custom and type any supply and price to model a new token.

How do I calculate a coin’s market cap?

Multiply the current price by the circulating supply. For a price of 5 USD and 200 million coins in circulation, the market cap is 1 billion USD.

What is the difference between circulating and total supply?

Circulating supply is the number of coins available in the market now. Total supply also includes coins that exist but are locked or reserved. Max supply is the hard cap on all coins that can ever exist.

Why do two sites show different market caps for the same coin?

Each data provider defines circulating supply a little differently and updates at different times, so the numbers can vary slightly.