How it works
Crypto market capitalization multiplies an entered token price by circulating supply. It scales the current marginal price across circulating tokens; it does not count cash invested in the asset.
The formula
Keep currency, units and time periods consistent. Percentage inputs use percentage points (enter 5 for 5%). Results are rounded only for display; tiny nonzero values may use scientific notation. Undefined ratios are shown as unavailable.
Token price: $2.50; Circulating supply: 400,000,000 tokens; Market capitalization: $1,000,000,000; Max / fully diluted supply: 1,000,000,000; FDV: $2,500,000,000; FDV / Market Cap: 2.50x.
Calculation method
Fully diluted valuation uses the separately entered maximum or fully diluted supply. The FDV-to-market-cap ratio compares those two valuations at the same price.
Interpretation
Dividing a target market cap by circulating supply gives an implied scenario price. If supply changes, the same target capitalization implies a different price.
Limitations
Supply definitions can vary across data providers. No token data, unlock schedule, liquidity estimate or future valuation is fetched. Zero circulating supply produces zero market cap and no defined target price.
Method and reference sources
Method and content checked 2026-09-20. These sources provide background, not endorsement or professional certification. The formula and limitations above define this calculator.
- Investor.gov — Crypto assetsRisk and product context. Prices, supplies and trading costs are entered by you, not supplied by this reference.
Frequently asked questions
Does a higher market cap require the same amount of new money?
No. Market cap is price multiplied by circulating supply. It is a valuation arithmetic measure, not a calculation of net money invested or available liquidity.
What is a worked example for Crypto Market Cap?
Token price: $2.50; Circulating supply: 400,000,000 tokens; Market capitalization: $1,000,000,000; Max / fully diluted supply: 1,000,000,000; FDV: $2,500,000,000; FDV / Market Cap: 2.50x.