Why Circulating Supply Changes Market Cap
Different data platforms can report very different market capitalizations for the same token, even when the market price is nearly identical.
For SHELL, some trackers report approximately 270 million circulating tokens, while others show figures closer to 457 million.
Market capitalization is calculated by multiplying price by circulating supply. A different supply estimate can therefore produce a substantially different market-cap figure.
Before comparing rankings or valuations, check how each platform defines circulating supply.
#SHELL #Tokenomics #CryptoEducation
Different data platforms can report very different market capitalizations for the same token, even when the market price is nearly identical.
For SHELL, some trackers report approximately 270 million circulating tokens, while others show figures closer to 457 million.
Market capitalization is calculated by multiplying price by circulating supply. A different supply estimate can therefore produce a substantially different market-cap figure.
Before comparing rankings or valuations, check how each platform defines circulating supply.
#SHELL #Tokenomics #CryptoEducation