Let's talk about circulating market cap and FDV.
Circulating market cap = current price × number of tokens in circulation.
One thing many people overlook: FDV is just a theoretical figure calculated using the current price. The actual supply schedule should be assessed in conjunction with the tokenomics.
For new tokens with a low circulating supply ratio, check the unlock schedule for the coming months before deciding on your position.
$BTC has a total supply cap of 21 million tokens, and most of them have already been issued, so its circulating market cap and FDV are not far apart. Current: 80161.86.

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