Market Capitalization (Cryptoasset)
Market capitalization of the cryptoasset is calculated by multiplying the existing reference price of the cryptoasset by the current circulating supply. Let’s take the market capitalization of Bitcoin as an example:
Let (C) be the last known reference price of Bitcoin from CoinMarketCap in USD.
Let (S) be the current circulating supply of Bitcoin.
Let (D) be the derived market capitalization for Bitcoin.
For this example, let (C) = 10,000 USD / 1 BTC and let (S) = 17,000,000 BTC.
D = C * S
D = 10,000 USD / 1 BTC * 17,000,000 BTC = 170,000,000,000 USD
Therefore, the derived market capitalization for Bitcoin is $170,000,000,000 USD.
Market Capitalization (Aggregate)
The total market capitalization for all cryptoassets (found on the top of the site as “Market Cap”) is the sum of all individual cryptoasset market capitalizations that meet the requirements outlined here.