Crypto Market Cap Calculator & FDV Estimator

Market Cap Inputs

Market cap, fully diluted valuation, plus a reverse calculator from a target cap.

How This Calculator Works

Market cap is the product of an asset's current price and its circulating supply — what many people call "how big" a coin is. Fully diluted valuation (FDV) is the same math applied to the token's maximum supply, so it gives an upper-bound idea of the asset's future market cap if every token were in circulation.

The ratio between market cap and FDV is informative: a high ratio means most supply is already circulating, while a low ratio means a significant portion of the supply is still held and may enter the market via unlocks, vesting, or emissions.

Formulas

Market cap = price × circulating. FDV = price × max supply (or total supply if max is unknown). Required price = target market cap ÷ circulating supply.

Example Calculation

Token at $1.00 with 100M circulating and 200M max supply → market cap = $100M; FDV = $200M; circulating-supply ratio = 50%. To reach a target market cap of $10B at the same circulating supply, the price must be $100.00.

Important Notes

• Tokens with scheduled unlocks should never be valued purely on circulating supply — vesting matters.
• FDV assumes the entire supply will be in circulation at the assumed price; in practice, the price would likely fall.
• Some tokens have burn mechanisms and shrinking supply — totally different dynamics.

Frequently Asked Questions