📐 Primary Market | Circulating Market Cap and FDV
· Definition: Newly listed projects often have only a small proportion of their tokens in circulation, so their circulating market cap appears low, while their FDV may be several times higher.
· How to understand it: FDV is just a theoretical figure calculated using the current price. The actual supply schedule should be considered alongside the tokenomics.
· Reminder: When comparing similar projects, look at both circulating market cap and FDV—don't compare just one of them.
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