1D
🌎 The World's largest Index of Cryptoassets. Get listed β†’
United States Dollar logoUSD

Top Cryptocurrencies by Market Cap

58,889 (14,434 are Actively Traded)
Highlights

State of the Market

Total crypto market cap is $898.51B, which is up +2.60% over the last day. This values all cryptoassets at 12.16% of Gold's market cap. 24 hour global crypto volume is $246.29B, representing a +14.55% increase (37% of this volume, or $92.29B is transparent volume). Bitcoin dominance is 41%, which represents a -0.91% slippage over the last 24 hours.

Bitcoin logo Bitcoin

$19,507.00+3.60%

πŸ”₯ Just Added

1
24 minutes
+87.28%
2-33.26%

Top Gainers (Top 100)

1Curve DAO Token+17.10%
2Cosmos+15.15%

Global Market Cap (24hr)

$898.51B+2.60%

Global Vol. (24hr)

$246.29B+14.55%
#
13,101
PawCoinPWC
β€”
$0.0005015.09%
13,102
BeyondcoinBYND
β€”
$0.000225-20.41%
13,103
WeChain CoinWXTC
β€”
$0.0000000394.15%
13,104
Smart Medical CoinSMC
β€”
$0.0000014-0.23%
13,105
BitcoinBankBTCBANK
β€”
$0.0017-0.08%
13,106
BIGO TokenBIGO
β€”
$0.000000239842.76%
13,107
WoyagerWYX
β€”
$0.00000039014.15%
13,108
Solar EnergySEG
β€”
$0.00003483-0.61%
13,109
UnelmaCoinUNC
β€”
$0.000001954.15%
13,110
Bullish AFBULLAF
β€”
$0.0000000302-75.07%
13,111
VantaurVTAR
β€”
$0.000004450.19%
13,112
Kermit FinanceKERMIT
β€”
$0.00000003030.50%
13,113
Yearn Finance ValueYFIV
β€”
$0.039995-2.39%
13,114
PegNet BitcoinPBTC
β€”
$0.000001950.75%
13,115
EOCEOC
β€”
$0.001128-1.32%
13,116
Acash CoinACA
β€”
<$0.000000010.01%
13,117
TRUEHN GOLDTRUEHNG
β€”
$705,800-0.32%
13,118
DyngecoinDYNGE
β€”
$0.0000004735.09%
13,119
Vip CoinVIP
β€”
$0.0021464.15%
13,120
ShapePaySPP
β€”
$0.00009999-0.04%
13,121
TrexcoinTREX
β€”
$0.00000019514.15%
13,122
EOS 3X Short (WBFex)EOS
β€”
$0.000074854.42%
13,123
SkybitSKYBIT
β€”
$0.004999-0.23%
13,124
AfroDexAFROX
β€”
$0.00000004-0.61%
13,125
XankXANK
β€”
$0.00330.11%
13,126
Creation MetaverseCMT
β€”
$0.001987-0.08%
13,127
FalconXFALCX
β€”
$0.0000001307-0.61%
13,128
GoldenShibaGOLDS
β€”
<$0.00000001-0.61%
13,129
DOGO COINDOGO
β€”
<$0.00000001-0.61%
13,130
GOODDOGEGOODDOGE
β€”
<$0.00000001-0.08%
13,131
PolyShibaPOLYSHIBA
β€”
$0.00001837-3.58%
13,132
wanZCNwanZCN
β€”
$0.015092-0.61%
13,133
J39TJ39T
β€”
$2.9130as of: 6/30/2022
13,134
Sheesh V2SHEESH
β€”
$0.000105as of: 6/30/2022
13,135
DogeDeadDOGEDEAD
β€”
$0.0000000159as of: 6/30/2022
13,136
GangstaGANGSTA
β€”
$0.0000007909as of: 6/30/2022
13,137
Armor NXMARNXM
β€”
$10.43as of: 6/30/2022
13,138
Mari CoinEMARI
β€”
$0.723023as of: 6/30/2022
13,139
Gondola FinanceGDL
β€”
$0.00004964as of: 6/30/2022
13,140
TelmoCoinTLMO
β€”
$10.72as of: 6/30/2022
13,141
Teneo LINKTENLINK
β€”
$6.6094as of: 6/30/2022
13,142
Teneo ETH on BSCTENETH
β€”
$1,080.47as of: 6/30/2022
13,143
DuckCoinDCOIN
β€”
<$0.00000001as of: 6/30/2022
13,144
DefySwap FinanceDFY
β€”
$0.00007009as of: 6/30/2022
13,145
Lion Bull Academy DollarLBAD
β€”
$0.002231as of: 6/30/2022
13,146
ChronologicDAY
β€”
$0.048986as of: 6/30/2022
13,147
Teneo CAKETENCAKE
β€”
$3.1949as of: 6/30/2022
13,148
OPES FinanceWPE
β€”
$1,123.21as of: 7/1/2022
13,149
eatEAT
β€”
<$0.00000001as of: 6/30/2022
13,150
Goes Up Higher RebornGUHR
β€”
$0.000233as of: 6/30/2022
13,151
Gas Pump InuGPI
β€”
$0.00002154as of: 6/30/2022
13,152
Wootrade Network (BEP-20)WOO
β€”
$0.171111as of: 6/30/2022
13,153
rSURFRSURF
β€”
$0.048345as of: 6/30/2022
13,154
SecretSky FinanceSSF
β€”
$0.00002807as of: 6/30/2022
13,155
TuringMachine TokenTURING
β€”
$0.010261as of: 7/1/2022
13,156
RIFI UnitedRU
β€”
$0.001524as of: 6/30/2022
13,157
Nidhi DaoGURU
β€”
$0.288463as of: 6/30/2022
13,158
ToekenTOEKEN
β€”
$0.004254as of: 6/30/2022
13,159
VegeSwap TokenVEGE
β€”
$0.00003031as of: 6/30/2022
13,160
Dart InuDART
β€”
<$0.00000001as of: 6/30/2022
13,161
TopsTOPS
β€”
$0.273118as of: 6/30/2022
13,162
Venus XVSVXVS
β€”
$0.410749as of: 6/30/2022
13,163
Fiverr International Ltd. TokenFVRR.cx
β€”
$33.85as of: 6/30/2022
13,164
Touch NetworkTOUCH
β€”
$2.3919as of: 7/1/2022
13,165
Vent Finance (ERC-20)VENT
β€”
$0.028169as of: 6/30/2022
13,166
Bancor Governance TokenVBNT
β€”
$0.341714as of: 6/30/2022
13,167
PW-GOLDPWG
β€”
$0.068768as of: 6/30/2022
13,168
Invesco QQQ TrustQQQ.cx
β€”
$282.68as of: 6/30/2022
13,169
DOGZDOGZ
β€”
$0.00002116as of: 6/30/2022
13,170
Delta Air Lines, Inc. TokenDAL.cx
β€”
$29.09as of: 6/30/2022
13,171
FSFUTURE SOLDIER
β€”
$0.817673as of: 6/30/2022
13,172
frETHFRETH
β€”
$196.15as of: 6/30/2022
13,173
fTSD TokenFTSD
β€”
$0.001885as of: 6/30/2022
13,174
MetaZillaDogeMETAZILLADOGE
β€”
<$0.00000001as of: 6/30/2022
13,175
TetherinoTTR
β€”
<$0.00000001as of: 6/30/2022
13,176
Cats World WaterCWW
β€”
$0.001333as of: 6/30/2022
13,177
Tesla TokenTT
β€”
$0.000159as of: 6/30/2022
13,178
TaTaTuTTU
β€”
$0.001197as of: 6/30/2022
13,179
DovuDOVU
β€”
$0.006626as of: 6/30/2022
13,180
QuantumScape CorporationQS.cx
β€”
$8.7100as of: 6/30/2022
13,181
DUNEV3DUNEV3
β€”
$0.194078as of: 6/30/2022
13,182
Totem Earth SystemsCTZN
β€”
$0.007015as of: 6/30/2022
13,183
Digital World TravelDIWOT
β€”
$0.0000000427as of: 6/30/2022
13,184
FREELON MUSKFREELON
β€”
$0.0000000216as of: 6/30/2022
13,185
GlimpseGLMS
β€”
$0.004524as of: 6/30/2022
13,186
Eldritchv2ELDRv2
β€”
$0.002002as of: 6/30/2022
13,187
Demodyfi (ERC-20)DMOD
β€”
$0.00458as of: 6/30/2022
13,188
Cats World MaterialCWM
β€”
$0.000743as of: 6/30/2022
13,189
QubismQUB
β€”
$0.000196as of: 6/30/2022
13,190
Eldritch FinanceELDR
β€”
$0.119656as of: 6/30/2022
13,191
Baby ChowCHOW
β€”
<$0.00000001as of: 6/30/2022
13,192
PX5PX5
β€”
$39.12as of: 6/30/2022
13,193
AvaEagleEAGLE
β€”
$0.004805as of: 6/30/2022
13,194
Cloud NekoCN
β€”
$0.0000002554as of: 6/30/2022
13,195
Collider CoinCLC
β€”
$0.000229as of: 6/30/2022
13,196
Collateral KRWCKRW
β€”
$0.000545as of: 6/30/2022
13,197
Covid DogeCOVID DOGE
β€”
$0.004342as of: 6/30/2022
13,198
DeFi HoldingsDHOLD
β€”
$0.000000067as of: 6/30/2022
13,199
Pigs WorldPIGS
β€”
<$0.00000001as of: 6/30/2022
13,200
Psycho DogePSYCHODOGE
β€”
<$0.00000001as of: 6/30/2022
#1D ChartCSV Data
13,101
88
PawCoinPWC
$0.000501
5.09%
β€”
$00%
13,102
88
BeyondcoinBYND
$0.000225
-20.41%β€”
β€”
$00%
13,103
88
WeChain CoinWXTC
$0.000000039
4.15%β€”
β€”
$00%
13,104
88
Smart Medical CoinSMC
$0.0000014
-0.23%β€”
β€”
$00%
Unknown
13,105
88
BitcoinBankBTCBANK
$0.0017
-0.08%β€”
β€”
$00%
Unknown
13,106
88
BIGO TokenBIGO
$0.0000002398
42.76%β€”
β€”
$00%
13,107
88
WoyagerWYX
$0.0000003901
4.15%β€”
β€”
$00%
13,108
88
Solar EnergySEG
$0.00003483
-0.61%β€”
β€”
$00%
Unknown
13,109
88
UnelmaCoinUNC
$0.00000195
4.15%β€”
β€”
$00%
Unknown
13,110
88
Bullish AFBULLAF
$0.0000000302
-75.07%β€”
β€”
$00%
Unknown
13,111
88
VantaurVTAR
$0.00000445
0.19%β€”
β€”
$00%
13,112
88
Kermit FinanceKERMIT
$0.0000000303
0.50%β€”
β€”
$00%
Unknown
13,113
88
Yearn Finance ValueYFIV
$0.039995
-2.39%β€”
β€”
$0N/A
13,114
88
PegNet BitcoinPBTC
$0.00000195
0.75%β€”
β€”
$00%
Unknown
13,115
88
EOCEOC
$0.001128
-1.32%β€”
β€”
$00%
Unknown
13,116
88
Acash CoinACA
<$0.00000001
0.01%β€”
β€”
$00%
13,117
88
TRUEHN GOLDTRUEHNG
$705,800
-0.32%β€”
β€”
$00%
Unknown
13,118
88
DyngecoinDYNGE
$0.000000473
5.09%β€”
β€”
$00%
13,119
88
Vip CoinVIP
$0.002146
4.15%β€”
β€”
$00%
13,120
88
ShapePaySPP
$0.00009999
-0.04%β€”
β€”
$0N/A
Unknown
13,121
88
TrexcoinTREX
$0.0000001951
4.15%β€”
β€”
$00%
13,122
88
EOS 3X Short (WBFex)EOS
$0.00007485
4.42%β€”
β€”
$0N/A
Unknown
13,123
88
SkybitSKYBIT
$0.004999
-0.23%β€”
β€”
$00%
Unknown
13,124
88
AfroDexAFROX
$0.00000004
-0.61%β€”
β€”
$00%
13,125
88
XankXANK
$0.0033
0.11%β€”
β€”
$0N/A
13,126
88
Creation MetaverseCMT
$0.001987
-0.08%β€”
β€”
$00%
Unknown
13,127
88
FalconXFALCX
$0.0000001307
-0.61%β€”
β€”
$00%
Unknown
13,128
88
GoldenShibaGOLDS
<$0.00000001
-0.61%β€”
β€”
$00%
Unknown
13,129
88
DOGO COINDOGO
<$0.00000001
-0.61%β€”
β€”
$00%
Unknown
13,130
88
GOODDOGEGOODDOGE
<$0.00000001
-0.08%β€”
β€”
$00%
Unknown
13,131
88
PolyShibaPOLYSHIBA
$0.00001837
-3.58%β€”
β€”
$00%
Unknown
13,132
88
wanZCNwanZCN
$0.015092
-0.61%β€”
β€”
$00%
Unknown
13,133
J39TJ39T
$2.9130as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,134
Sheesh V2SHEESH
$0.000105as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,135
DogeDeadDOGEDEAD
$0.0000000159as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,136
GangstaGANGSTA
$0.0000007909as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,137
Armor NXMARNXM
$10.43as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,138
Mari CoinEMARI
$0.723023as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,139
Gondola FinanceGDL
$0.00004964as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,140
TelmoCoinTLMO
$10.72as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,141
Teneo LINKTENLINK
$6.6094as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,142
Teneo ETH on BSCTENETH
$1,080.47as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,143
DuckCoinDCOIN
<$0.00000001as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,144
DefySwap FinanceDFY
$0.00007009as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,145
Lion Bull Academy DollarLBAD
$0.002231as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,146
ChronologicDAY
$0.048986as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
13,147
Teneo CAKETENCAKE
$3.1949as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,148
OPES FinanceWPE
$1,123.21as of: 7/1/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,149
eatEAT
<$0.00000001as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,150
Goes Up Higher RebornGUHR
$0.000233as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,151
Gas Pump InuGPI
$0.00002154as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,152
Wootrade Network (BEP-20)WOO
$0.171111as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,153
rSURFRSURF
$0.048345as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,154
SecretSky FinanceSSF
$0.00002807as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,155
TuringMachine TokenTURING
$0.010261as of: 7/1/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,156
RIFI UnitedRU
$0.001524as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,157
Nidhi DaoGURU
$0.288463as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,158
ToekenTOEKEN
$0.004254as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,159
VegeSwap TokenVEGE
$0.00003031as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,160
Dart InuDART
<$0.00000001as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,161
TopsTOPS
$0.273118as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,162
Venus XVSVXVS
$0.410749as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,163
Fiverr International Ltd. TokenFVRR.cx
$33.85as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,164
Touch NetworkTOUCH
$2.3919as of: 7/1/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,165
Vent Finance (ERC-20)VENT
$0.028169as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,166
Bancor Governance TokenVBNT
$0.341714as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,167
PW-GOLDPWG
$0.068768as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,168
Invesco QQQ TrustQQQ.cx
$282.68as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,169
DOGZDOGZ
$0.00002116as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
13,170
Delta Air Lines, Inc. TokenDAL.cx
$29.09as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,171
FSFUTURE SOLDIER
$0.817673as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,172
frETHFRETH
$196.15as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,173
fTSD TokenFTSD
$0.001885as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,174
MetaZillaDogeMETAZILLADOGE
<$0.00000001as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,175
TetherinoTTR
<$0.00000001as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,176
Cats World WaterCWW
$0.001333as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,177
Tesla TokenTT
$0.000159as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,178
TaTaTuTTU
$0.001197as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,179
DovuDOVU
$0.006626as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,180
QuantumScape CorporationQS.cx
$8.7100as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,181
DUNEV3DUNEV3
$0.194078as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,182
Totem Earth SystemsCTZN
$0.007015as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,183
Digital World TravelDIWOT
$0.0000000427as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,184
FREELON MUSKFREELON
$0.0000000216as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,185
GlimpseGLMS
$0.004524as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,186
Eldritchv2ELDRv2
$0.002002as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,187
Demodyfi (ERC-20)DMOD
$0.00458as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,188
Cats World MaterialCWM
$0.000743as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,189
QubismQUB
$0.000196as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,190
Eldritch FinanceELDR
$0.119656as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,191
Baby ChowCHOW
<$0.00000001as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,192
PX5PX5
$39.12as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,193
AvaEagleEAGLE
$0.004805as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,194
Cloud NekoCN
$0.0000002554as of: 6/30/2022
Unknownβ€”
β€”
UnknownN/A
Unknown
13,195
Collider CoinCLC
$0.000229as of: 6/30/2022
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13,196
Collateral KRWCKRW
$0.000545as of: 6/30/2022
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Unknown
13,197
Covid DogeCOVID DOGE
$0.004342as of: 6/30/2022
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UnknownN/A
Unknown
13,198
DeFi HoldingsDHOLD
$0.000000067as of: 6/30/2022
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UnknownN/A
Unknown
13,199
Pigs WorldPIGS
<$0.00000001as of: 6/30/2022
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UnknownN/A
Unknown
13,200
Psycho DogePSYCHODOGE
<$0.00000001as of: 6/30/2022
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UnknownN/A
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Frequently Asked Questions

  • What is crypto market cap?

    Market capitalization is one of the most popular metrics in finance. It was first introduced in the stock market and has been adapted to the crypto world where it is used to value cryptocurrencies.

    Crypto market cap has its supporters and its critics. Supporters view market cap as a simple, albeit incomplete way to rank cryptoasset projects. Critics insist that market cap is not a measure of value but a crude expression of the price investors are willing to pay. Both sides make valid points.

    Crypto market cap is calculated by multiplying the circulating supply of a coin by its current price. For example, if a digital currency has 1,000 tokens in circulation, and each token trades at $100, the market capitalization of the project is $100,000.

    As with stocks, cryptocurrencies are classified in terms of market cap. Large-cap cryptocurrencies have market caps in excess of $10 billion, mid-cap cryptocurrencies range between $1 billion and $10 billion, and small-cap cryptocurrencies are worth less than $1 billion. In the world of stocks, the higher the market cap, the safer the investment. In the world of cryptocurrencies, a high market cap is less meaningful.

    If the market cap of a cryptoasset is high, it means that it trades at a high price, has a high circulating supply, or both. If the market cap is low, it signals that the price per coin is low, there is little circulation, or both. This is all that market cap can reveal about a cryptocurrency. Nothing more. It can’t express whether tokens are held by a network of small investors or a handful of whales, it doesn’t speak to liquidity, and it is silent on max supply.

    Crypto market cap is a source of controversy. There are those who claim that market cap reflects the amount of fiat currency invested in a cryptoasset. This is wrong. Consider an influx of new investors to a project with low trading volume. Due to the market’s lack of depth, the sudden interest dramatically drives up prices. Let’s say that the token goes up 50%, from a million-dollar market cap to $1.5 million. Does that mean that the investors pumped in $500,000? Absolutely not. The new market cap merely reflects the price that the last investor was willing to pay.

    Another example: take a new cryptocurrency with a circulating supply of 100,000. It goes live, and the first investor buys a token for $5. Once that trade is executed, the project will have a market capitalization of $500,000. Yet only \$5 changed hands.

    All that said, when considered with other indicators, crypto market cap can be useful. It’s quite common to look at market cap alongside metrics like trading volume and liquidity. Trading volume refers to the number of coins being traded across the world’s cryptocurrency exchanges. Liquidity measures the degree to which an asset can be bought or sold without causing a major price change. In most cases, high volume and high liquidity mean a healthy market that is difficult to manipulate. Indeed, a classic way to measure the quality of a cryptocurrency is to check whether its trading volume is equal to or greater than its market cap.

    Crypto market cap has major drawbacks, yet it remains the go-to indicator for many investors, analysts, and commentators. This is unfortunate. At best, market cap can serve as a jumping-off point for evaluating a cryptocurrency. But it is only truly helpful when used in tandem with other metrics like trading volume.

  • Why does crypto market cap matter?

    Although market cap is, at best, an incomplete indicator of cryptoasset quality (more on that here), in some cases, it can be a useful starting point for analyzing an investment opportunity.

    Market cap reveals a bit about a coin’s characteristics. For example, high market cap could indicate that a cryptocurrency is resistant to volatility. Low market cap indicates the opposite, that major news events or whale activity can significantly impact price. However, crypto market cap can only take you so far. To get a strong read on volatility, you’d have to combine market cap with other metrics like market depth or transaction volume.

    Traditionally, stocks are analyzed with metrics such as price-to-earnings (P/E) and earnings-per-share (EPS). Crypto projects don’t publish financial statements, but there is still a need for comparison. Over time, the simplicity of market cap has made it the most popular way to compare cryptoassets. For this reason alone, crypto market cap matters. It’s important because crypto investors, exchanges, aggregators, and project owners think it’s important.

    Experienced investors will usually consider multiple indicators, but there are some who base their decisions exclusively on market cap. Crypto exchanges use market cap as a way to determine which coins to list – coins with higher caps are more likely to make it. Exchange data aggregators tend to rank projects by market cap. The higher an asset’s market cap, the more prominently it will be featured on the site. Project owners take market cap seriously enough to spend time and money manipulating the circulating supply or price of their tokens. This is just one reason why crypto market cap is considered a misleading or unreliable indicator.

    To summarize, crypto market cap matters because it’s easy to understand and a decent starting point for analyzing a cryptoasset. It’s also important because so many players consider it to be important. As the crypto space matures, better tools will be developed that will provide market participants with in-depth, actionable information. When that happens, market cap will likely lose its place as the leading crypto indicator.

  • What is the crypto market cap all-time high?

    As of this writing, the global crypto market cap all-time high is $813.9 billion ($813,871,000,000 USD). The market reached this level on January 7, 2018.

  • How can I calculate a cryptocurrency’s market cap?

    Crypto market cap is calculated the same way as stock market cap, by multiplying the circulating supply of an asset by its price in fiat currency (e.g. USD, EUR, JPY). The calculation gets trickier when an asset is traded against another asset. In a crypto pair – let’s say Ethereum/Bitcoin or ETH/BTC – to get the price of ETH, we would first denominate BTC in fiat.

    In order to understand market cap, it’s important to consider its constituent parts – price and circulating supply. Price depends on who makes the calculation. The general price is calculated as a composite of spot prices used on crypto exchanges. For index funds, which have recently become popular, the calculation is adjusted to include variation in trading pair prices. The price that you see on online news aggregators (Google, for example) is usually the average price at which an asset trades on leading exchanges.

    In the crypto space, the problem of inadequate pricing is well-known. Most pricing index issuers fail to detail how they price instruments or where they get their data. At Nomics, we strive to set this right. Our methodology takes the price at which an instrument last traded on each exchange, weighted by the general trading volume over the past 24 hours. More on our methodology here.

    When it comes to supply, it is worth noting that the calculation depends entirely on the token and the mechanics of its protocol. Although Bitcoin has a finite supply (21 million), most tokens are designed with a dynamic supply that increases over time. When calculating the market cap of a particular cryptoasset, it is the circulating supply that should be taken into account. Circulating supply is the number of tokens that are currently available on the market. Circulating supply is a better metric than total supply because it excludes coins that are reserved or locked.

  • What is Bitcoin’s market cap?

    Bitcoin (BTC) is the world’s leading cryptocurrency by market cap. In terms of market cap, Bitcoin has reached heights of over $300 billion. Most of the time, Bitcoin’s market cap accounts for 30% to 60% of the entire cryptocurrency market cap. To find Bitcoin's market cap, locate the value in the "market cap" column associated with the Bitcoin record in the table above.

    As with other cryptoassets, Bitcoin’s market cap is determined by multiplying its circulating supply by its current price. It is worth noting that, due to the finite supply of Bitcoin, at some point, circulating supply and total supply will be equal. At that time, Bitcoin’s market cap will have only one dynamic determinant, the price.

    Bitcoin’s current circulating supply has already reached 85% of the maximum supply, which is fixed at 21 million.

  • How can I find low market cap cryptocurrencies?

    Some investors view low market cap as synonymous with high profit potential. Similar to penny stocks (stocks priced below \$1), low-cap cryptocurrencies are often considered to be undervalued. That is why many market participants favor cryptocurrencies with low market caps. They believe these currencies have more room for price appreciation. Others view low market cap cryptocurrencies as ground-floor opportunities.

    Whatever the reasoning, low market cap cryptocurrencies are popular investments. Here’s how to find low market cap cryptocurrencies on the Nomics platform:

    1. Navigate to Nomics.com.
    2. Sort cryptocurrencies by market cap.
    3. Move beyond page 1 to explore low market cap cryptocurrencies.

    Nomics lists cryptocurrencies with market caps as low as a few thousand dollars. However, you should avoid choosing an investment by market cap alone. Consider additional factors such as recent price changes, trading volume, circulating supply, and transparent volume, a feature unique to Nomics that shows the percentage of trading volume that occurs on reputable cryptocurrency exchanges. For more on transparency volume, see here.

  • How is market cap calculated for stocks, and how does this differ from crypto market cap calculations?

    Market capitalization is often used to indicate the value of a company or stock. It is calculated by multiplying the total number of shares outstanding by the price per share. Investors calculate the value of a cryptocurrency by multiplying its circulating supply by its current price. Though stock and crypto investors use the same indicator, the calculation differs in some respects.

    Stock market cap calculation

    To calculate the market cap of a company, multiply shares outstanding by the current price per share. Let’s take a minute to examine both components of the equation.

    Shares outstanding reflects all stocks that are currently held by shareholders. It even includes restricted shares (held by corporate staff) and share blocks (held by institutional investors).

    Price, on the other hand, is affected by internal factors such as profit, expected profit, and plans for growth. How investors perceive these factors influences supply and demand and determines the price of a stock.

    Crypto market cap calculation

    To find the market cap of a cryptocurrency, multiply circulating supply by current price. Circulating supply is similar to shares outstanding but only includes tokens that are available in the market. It excludes coins that are reserved or locked.

    The price of a cryptocurrency is usually calculated as an average of the spot price at which the instrument trades on leading exchanges. Cryptocurrency pricing in the context of index funds happens in a slightly more sophisticated way and is adjusted to include variation in trading pair prices.

    The differences

    Although market cap is used to value both companies and cryptocurrencies, there are differences in the way it is applied.

    For instance, shares outstanding takes into account all issued shares, including those held by corporate officers and big investors. Circulating supply ignores reserved or locked coins. As a result, crypto market cap only includes assets that are available for trading. If crypto market cap followed the same logic as stock market cap, it would be based on total supply. A far more accurate calculation is achieved by using circulating supply. For more on the cons of using total supply, see the next question below.

    Another difference is pricing mechanics. While most stocks have fixed issuance mechanisms, in the case of cryptocurrencies, many protocols are designed to expand continuously, thus inflating token supply over time.

    In general, crypto market cap isn’t considered to be as accurate as stock market cap. One of the reasons is that, unlike the stock market, where a high market cap indicates a safe investment, in the world of cryptocurrencies, high market cap doesn’t necessarily mean that an investment is secure. Another reason is the fact that cryptocurrency comes with certain risks that don’t exist with stocks. To compensate, one must analyze market cap in a broader context.

  • What are some problems with how crypto market cap is calculated, and what alternatives exist?

    The oldest β€œmodern” securities market in the world is the Amsterdam Stock Exchange, which was founded in 1602 by the Dutch East India Company. The first cryptocurrency, Bitcoin, was launched in 2009. This goes to show how young the cryptocurrency market is compared to the stock market, which has had centuries to mature. We often make the mistake of copying stock market metrics and trying to shoehorn them into the world of cryptocurrencies. So is the case with market capitalization.

    Market cap is applied to both stocks and cryptocurrencies, but there are differences in how the metric works in each case. In the world of stocks, market cap can reveal much about a company including corporate policies (for example, the issuance or repurchase of shares), management style, and operational scale. It is often used for its simplicity and relative effectiveness at assessing the