Market cap calculator

Price × circulating supply — the same maths as a company's sharemarket value. A A$2 coin with 10 billion circulating tokens is a A$20 billion asset; a A$200 coin with 10 million tokens is a A$2 billion one. This is why comparing coins by price alone is meaningless: supply differs by factors of millions.

They usually don't — that's the unit-price illusion this calculator exists to break. "It only needs to reach $1" ignores that reaching $1 might require a market cap larger than Bitcoin's. The honest question is never the price target; it's the implied market cap and whether that much money plausibly flows in.

Circulating supply is what's tradeable today and what market cap uses. Total supply adds tokens that exist but are locked or reserved. Max supply is the cap the protocol will ever allow (Bitcoin's 21 million; many coins have none). A big gap between circulating and total means future unlocks will dilute holders — worth checking before any "cheap coin" thesis.

The opposite. It computes what a price would imply, so you can judge whether a target someone quotes you is grounded or fantasy. When a coin "going to $10" implies four Bitcoins of market cap, no chart pattern changes that arithmetic.