ok so people understand
To calculate the market cap of a cryptocurrency, you need to multiply the number of tokens in circulation (supply) by the current price of a single token. The formula is: Market Cap = Current Price x Circulating Supply ¹ ² ³.
For example, if a cryptocurrency has a current price of $10 and a circulating supply of 1 million tokens, its market cap would be $10 million.
It is important to note that the circulating supply can vary depending on the cryptocurrency and its consensus algorithm. Some cryptocurrencies have a fixed total supply, while others may have a variable circulating supply due to mining or token burning.
Additionally, market cap is commonly used to classify cryptocurrencies into categories such as:
- Large-cap: Cryptocurrencies with a market cap greater than $10 billion.
- Mid-cap: Cryptocurrencies with a market cap between $1 billion and $10 billion.
- Small-cap: Cryptocurrencies with a market cap of less than $1 billion.
And I think $PEPE is going to reach $1!!!