What’s the difference between market cap and FDV? Don’t worry, your class study monitor is here:
Circulating market cap is the current price multiplied by the number of tokens in circulation.
Looking only at circulating market cap can make a project’s overall valuation seem lower than it is: if there isn’t enough demand to absorb tokens released later, the price could be diluted.
Knowledge may seem useless in everyday life, but you’ll appreciate it when you run into trouble.
$BTC 83295.91(+2.07%)

Just my personal perspective—not necessarily accurate, so take it with a grain of salt.