Understand circulating market cap and FDV in three sentences:
Newly launched projects often have only a small portion of their tokens in circulation, making their circulating market cap look low, while their FDV may be several times higher.
FDV is only a reference figure estimated using the current price; the actual supply schedule should be considered alongside the tokenomics.
For newly launched tokens with a very low circulating supply, check the unlock schedule for the coming year before deciding how much to invest.
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