Calculating Market Cap
Calculating the market cap of a cryptocurrency is a simple yet essential task for any crypto investor.
All you need to do is calculate the circulating supply of a given crypto and multiply it by its current price.
Doing so will give you the market cap of that particular crypto.
Knowing the market cap of crypto can give you an edge in deciding when to buy and sell, as well as provide insight into the overall health of the asset.
Market Cap of Crypto
To calculate the market cap of a cryptocurrency, you need to understand the circulating supply and the current price of a single unit.
It’s important to understand that the market cap is based on the total value of the currency being traded, so taking into account both the circulating supply and the current price of the currency will help you arrive at an accurate calculation.
The circulating supply of a cryptocurrency is the number of tokens or coins in circulation.
Knowing the total circulating supply will make it easier to calculate the market cap.
To calculate the current price of a single unit, you need to look at the current market rate for the currency.
This can be found on popular cryptocurrency exchanges and websites.
Once you have both the circulating supply and the current price for a single unit, you can then calculate the market cap by multiplying the two numbers together.
