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How to calculate market cap crypto?

Understand the Problem

The question is asking how to calculate the market capitalization of a cryptocurrency, which involves understanding the relationship between the price of a single unit of the cryptocurrency and the total number of units in circulation.

Answer

> Market Cap = Total Number of Coins in Circulation × Current Price per Coin

To calculate the market cap of a cryptocurrency, multiply the total number of coins that have been mined or are in circulation by the current price of a single coin.

More Information

Market cap provides a rough gauge of a cryptocurrency's overall value and stability. It is commonly used to rank cryptocurrencies and make comparisons.