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Onchain Economics

Market Cap Calculator

Calculate what price a cryptocurrency would reach at different market cap targets. Compare against major assets using live data from CoinGecko.

See what BTC would be worth with another token's market cap

$
Quick targets:

Price at Major Market Caps

What if BTC reached the market cap of...

🥇

Gold

$14.00T

$0.0000000000

0.0%

🍎

Apple

$3.50T

$0.0000000000

0.0%

💻

Microsoft

$3.10T

$0.0000000000

0.0%

Bitcoin (ATH)

$1.30T

$0.0000000000

0.0%

🥈

Silver

$1.40T

$0.0000000000

0.0%

Ethereum (ATH)

$550.00B

$0.0000000000

0.0%

🚗

Tesla

$800.00B

$0.0000000000

0.0%

Note: Market cap = Price × Circulating Supply. FDV (Fully Diluted Valuation) uses total supply instead. These calculations use circulating supply by default.

Understanding Market Cap

Market Capitalization (Market Cap) represents the total value of a cryptocurrency. It's calculated by multiplying the current price by the circulating supply.

The Formula

Market Cap = Price × Circulating Supply

To find what price a token needs to reach a target market cap:

Target Price = Target Market Cap ÷ Circulating Supply

Market Cap vs. FDV

  • Market Cap: Uses circulating supply—tokens currently available in the market
  • FDV (Fully Diluted Valuation): Uses total supply—includes locked, vesting, and unreleased tokens

FDV is often much higher than market cap for tokens with significant locked supply. When comparing tokens, use the same metric for both.

Why Market Cap Comparisons Matter

Comparing market caps helps set realistic price expectations. For example, a token priced at $0.001 might seem "cheap," but if it has trillions of tokens in supply, it might already have a massive market cap.

Comparing Two Cryptocurrencies

Use the "Compare Market Cap With" feature to answer questions like "What would Ethereum be worth if it had Bitcoin's market cap?" This helps you:

  • Understand relative valuations between similar projects
  • Set realistic price targets based on comparable assets
  • Evaluate whether a token is over- or undervalued compared to competitors

Limitations

  • Market cap doesn't account for liquidity—large orders can move prices significantly
  • Supply can change through minting, burning, or unlocks
  • Market cap is a snapshot—it fluctuates constantly with price
  • Comparing to gold or stocks has limitations due to different market dynamics

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