Knowledge card: Circulating market cap and FDV
FDV (fully diluted valuation) = current price × maximum token supply. It represents the valuation assuming all tokens are in circulation.
For new tokens with a low circulating supply ratio, check the unlock schedule for the coming months before deciding how much to invest.
$BTC has a total supply cap of 21 million tokens, and most have already been issued, so its circulating market cap and FDV are not far apart.
I could be wrong, too—don't just follow my advice.
FDV (fully diluted valuation) = current price × maximum token supply. It represents the valuation assuming all tokens are in circulation.
For new tokens with a low circulating supply ratio, check the unlock schedule for the coming months before deciding how much to invest.
$BTC has a total supply cap of 21 million tokens, and most have already been issued, so its circulating market cap and FDV are not far apart.
I could be wrong, too—don't just follow my advice.