What is Crypto Market Cap?

The crypto market cap represents the total market value of a cryptocurrency’s circulating supply. Mathematically, the following formula is used to calculate the crypto market cap:

• Market Cap=Current PriceCirculating Supply

For example, suppose a cryptocurrency trades at ₹100 and has 10 million coins in circulation. Now, its market cap could potentially be ₹100 crore (₹10010,000,000)

Next, if we talk about the “total crypto market cap”, it is obtained by adding the market capitalisations of individual cryptocurrencies.

Bitcoin Market Cap vs Gold: How Do They Differ?

As mentioned before, Bitcoin’s market cap is calculated by multiplying its current market price (CMP) by the number of Bitcoins in circulation. However, Gold has no equivalent fixed unit supply because it is held in different forms, such as bars, jewelry, and coins. 

Thus, its estimated total market value is usually calculated by multiplying the estimated amount of “above-ground” gold by its prevailing market price.

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