THE OPEN NETWORK to ETHENA STAKED ENA Market Cap Calculator
See what THE OPEN NETWORK would be worth with ETHENA STAKED ENA's market cap
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Understanding Market Capitalization
What is Market Cap?
Market capitalization (market cap) represents the total value of a cryptocurrency or stock. It's calculated by multiplying the current price by the circulating supply. This metric helps investors compare the relative size and value of different assets in the market.
How Our Calculator Works
Our market cap calculator shows you what one asset would be worth if it had another asset's market capitalization. We divide the target market cap by your asset's circulating supply to calculate the theoretical price, giving you instant insights into potential valuations.
Why Compare Market Caps?
Comparing market caps helps set realistic price targets and understand growth potential. For example, seeing what your altcoin would be worth with Bitcoin's market cap reveals the maximum realistic upside based on current market conditions.
Market Cap Categories in Crypto
Large Cap
$10B+ Market Cap
Established cryptocurrencies like Bitcoin and Ethereum. Lower risk, more stable prices, high liquidity.
Mid Cap
$1B - $10B Market Cap
Growing projects with proven utility. Moderate risk and volatility, good growth potential.
Small Cap
Under $1B Market Cap
Newer or niche projects. High risk, high volatility, potentially high rewards for early investors.
Essential Market Cap Formulas
Market Cap Calculation:
Market Cap = Current Price × Circulating Supply
Price Comparison Formula:
Theoretical Price = Target Market Cap ÷ Your Asset's Supply
Fully Diluted Valuation:
FDV = Current Price × Total Supply (including locked tokens)
Pro Tips for Market Cap Analysis
Consider Supply Differences: A token with lower supply needs higher price per unit to reach the same market cap as one with higher supply.
Check Fully Diluted Valuation: Some tokens have locked supply that will enter circulation later, affecting future price dynamics.
Compare Similar Assets: Comparing DeFi tokens to other DeFi tokens gives more realistic targets than comparing to Bitcoin.
Factor in Market Conditions: Bull markets can push valuations beyond historical norms, while bear markets compress them.
Use Multiple Comparisons: Compare your asset to several others to get a range of potential valuations rather than a single target.
Popular Market Cap Comparisons
Altcoin to Bitcoin
See what your altcoin would be worth with Bitcoin's dominant market cap. Useful for understanding maximum theoretical upside.
Layer 2 to Ethereum
Compare Layer 2 solutions to Ethereum's market cap to gauge potential growth as scaling solutions mature.
New Token to Competitors
Evaluate new projects by comparing to established competitors in the same sector (DeFi, Gaming, AI, etc.).
Meme Coin Potential
Compare smaller meme coins to Dogecoin or Shiba Inu to understand possible growth in bull markets.
Cryptocurrency Market Cap Calculator Features
Our free crypto market cap calculator provides real-time comparisons between any two cryptocurrencies or stocks. Calculate what Bitcoin would be worth with Gold's market cap, or see how your favorite altcoin compares to Ethereum. The market capitalization calculator uses live price data and circulating supply information to provide accurate theoretical valuations.
How to Use the Market Cap Calculator
Simply select two assets to compare - your current asset and a target asset. The calculator instantly shows what your asset's price would be if it had the target's market capitalization. This helps investors understand relative valuations and set realistic price targets based on existing market caps.
Market Cap vs Fully Diluted Valuation
Market cap uses circulating supply while fully diluted valuation (FDV) uses total supply including locked tokens. Our calculator shows both metrics to give you a complete picture of potential valuations. Understanding the difference between market cap and FDV is crucial for long-term investment planning.