How does coingecko calculate the market cap of cryptocurrencies?

3 answers

• man yeahApr 23, 2024 · a year ago
  Coingecko calculates the market cap of cryptocurrencies by multiplying the circulating supply of a particular cryptocurrency by its current price. The circulating supply refers to the total number of coins or tokens that are currently in circulation and available to the public. This calculation provides an estimate of the total value of a cryptocurrency in the market.
  370

  185
• Francisco HelderJul 12, 2022 · 3 years ago
  To calculate the market cap, Coingecko takes into account the price and the circulating supply of a cryptocurrency. It multiplies the price of each coin or token by the number of coins or tokens in circulation. This gives an indication of the total value of the cryptocurrency in the market. However, it's important to note that market cap is just one metric and should not be the sole factor in determining the value or potential of a cryptocurrency.
  451

  151
• Paul ChungSep 21, 2024 · a year ago
  Coingecko, like many other cryptocurrency data platforms, calculates the market cap by multiplying the circulating supply of a cryptocurrency by its current price. This method provides an estimate of the total value of a cryptocurrency in the market. However, it's worth mentioning that market cap can be influenced by factors such as price manipulation and illiquid markets. Therefore, it's always important to consider other factors and do thorough research before making any investment decisions.
  499

  125