17
Dec
In the cryptocurrency industry, market capitalization, or market cap, is a method for determining the size and popularity of cryptocurrencies and their current market value. The formula for determining a cryptocurrency circulating market cap is as follows: Let's use the world's most popular cryptocurrency as an illustration to better understand this formula: circulating market cap = current price x circulating supply BTC, or Bitcoin We must divide the current price of Bitcoin by the number of coins in circulation to determine its market cap. At the time of writing, one bitcoin is worth $21,450, and there are 19 million of…