Hey everyone, let’s talk about “circulating market cap and fully diluted valuation,” using this data for $FIL as a reference.
Binance spot, 10/26 17:05–18:05 (Beijing time): up 0.08% over the hour, with a trading volume of 207,700 USDT, or 0.65 times that of the previous hour. The closing price for the period was 0.9137 USDT.
Circulating market cap and fully diluted valuation typically use different supply figures. The former focuses on the portion counted as circulating, while the latter is estimated using the total or maximum supply figure adopted by the platform. Neither guarantees future prices, and their definitions should be checked in the data source’s notes. When looking at these metrics together, first confirm which supply figures are being used to understand what the difference represents.
When comparing valuation metrics, note the price timestamp, supply definition, and data source—not just the final amounts.
#FIL #CryptoChat
Binance spot, 10/26 17:05–18:05 (Beijing time): up 0.08% over the hour, with a trading volume of 207,700 USDT, or 0.65 times that of the previous hour. The closing price for the period was 0.9137 USDT.
Circulating market cap and fully diluted valuation typically use different supply figures. The former focuses on the portion counted as circulating, while the latter is estimated using the total or maximum supply figure adopted by the platform. Neither guarantees future prices, and their definitions should be checked in the data source’s notes. When looking at these metrics together, first confirm which supply figures are being used to understand what the difference represents.
When comparing valuation metrics, note the price timestamp, supply definition, and data source—not just the final amounts.
#FIL #CryptoChat