【One-Minute Explainer】What’s the difference between circulating market cap and FDV?
Circulating market cap equals the current price multiplied by the number of tokens in circulation.
FDV is just a theoretical figure calculated using the current price. To assess the actual release schedule, you need to look at the unlock schedule.
$BTC has a maximum supply of 21 million tokens, most of which have already been issued, so its circulating market cap and FDV aren’t that far apart.
Understanding the basics can help you avoid some pitfalls, but it’s no substitute for position management.
Circulating market cap equals the current price multiplied by the number of tokens in circulation.
FDV is just a theoretical figure calculated using the current price. To assess the actual release schedule, you need to look at the unlock schedule.
$BTC has a maximum supply of 21 million tokens, most of which have already been issued, so its circulating market cap and FDV aren’t that far apart.
Understanding the basics can help you avoid some pitfalls, but it’s no substitute for position management.