How the scenarios are calculated
A scenario helps you understand a valuation. It does not tell you what will happen.
Price × supply
Market capitalization = price × circulating supply. A scenario valuation uses the supply assumption selected in the calculator. Increasing price with supply held constant increases that valuation proportionally.
Target price → required market cap
Required market cap = target price × selected supply. For example, $10 × 63 billion tokens = $630 billion. This describes a valuation scale, not the probability of reaching it.
Target market cap → implied price
Implied price = target market cap ÷ selected supply. Supply must be positive. Doubling the supply halves the price implied by the same market cap.
Coin-vs-coin comparisons
Implied base price = reference asset market cap ÷ base asset selected supply. XRP at Bitcoin's market cap uses XRP supply, not Bitcoin supply. Both assets must use the same currency; their quotes may have different timestamps.
Circulating, total and max supply
Circulating supply estimates tokens available to the market. Total supply counts existing tokens after burns, including tokens outside circulation. Max supply is the stated issuance ceiling, when one exists. Calculators start with circulating supply; max and custom supply are explicit alternative assumptions. Missing max supply is unavailable, not zero.
Fully diluted valuation (FDV)
Calculated FDV = price × max supply, or total supply if max supply is absent. The basis is shown explicitly; if neither supply is available, calculated FDV is unavailable. A reported provider FDV is a separate source value. FDV does not describe today's circulating market cap.
Holdings calculations
Scenario holdings value = token quantity × scenario price. Current value uses the current quote; the displayed change compares these two values. Holdings are optional personal context, stored locally unless you explicitly include them in a share. Fees, taxes and trading slippage are excluded.
Does a $630B market cap mean $630B of new money must enter XRP?
No. Market capitalization is price × circulating supply, not cumulative or net capital inflow. Trades establish a marginal price that values all circulating tokens; order-book depth, liquidity and sellers influence the money required to move that price. A $500B market cap likewise does not mean $500B was invested.
Data source
Market data comes from stored CoinMarketCap records. Pages read our database; they do not request fresh quotes from CoinMarketCap. Ingestion runs separately.
Data freshness
The configured ingestion interval is 30 minutes, but it does not start a scheduler. Updates depend on a separately operated ingestion runner. Provider and stored timestamps show the age of each quote; data older than 30 minutes is marked stale.
Precision and rounding
Calculations preserve decimal inputs with decimal and rational arithmetic. Division can produce a repeating decimal; results use the engine's bounded precision rather than promising infinite digits. The interface rounds for readability and abbreviates large values; rounding is applied to display, not chained back into the underlying scenario.
Scenario vs prediction
A scenario answers “what would the numbers imply under these assumptions?” It does not forecast a future price, a date or a likelihood. Reference comparisons are scale benchmarks, not price targets or investment recommendations.
Limitations
Supply estimates and source coverage can change, and quotes can be stale or incomplete. Prices do not model execution costs, liquidity, demand, dilution timing or sell pressure. Missing required inputs produce an unavailable result; missing references do not become zero. Crypto market records use USD; other fiat values use independently stored FX rates, not a guaranteed executable exchange rate.
Frequently asked questions
What is crypto market cap?
It is the current token price multiplied by circulating supply: an estimate of the market value of circulating tokens.
How is target market cap calculated?
Multiply your target price by the selected supply. Circulating supply is the starting assumption; max or custom supply changes the result.
How is implied price calculated?
Divide the target market cap by the selected supply. In a comparison, use the reference asset market cap and the base asset supply.
Does market cap equal money invested?
No. Price × circulating supply is a valuation, not cumulative investment or net cash inflow. A $500B or $630B market cap does not require that amount of new money to enter the asset.
What is circulating supply?
An estimate of tokens available to the market. It differs from total supply, which also includes existing tokens outside circulation.
What is total supply?
The number of existing tokens after burns, including tokens that are not currently circulating. It differs from a maximum issuance ceiling.
What is max supply?
The stated maximum number of tokens that can exist. Some assets have no finite or known maximum; an absent value is not zero.
What is fully diluted valuation?
A valuation using max supply, or total supply when max is unavailable. We label the basis and distinguish calculated FDV from the provider's reported FDV.
Why can CoinMarketCap values differ slightly from price × supply?
Provider-reported market caps, prices and supply estimates can use different precision or update timing. We retain reported source values and calculate scenarios from the explicit selected supply rather than forcing them to agree.
Is VS Market Cap predicting prices?
No. These are mathematical illustrations under stated assumptions, not forecasts or financial advice.
Where does the data come from?
Market data comes from stored CoinMarketCap records. Pages read our database; they do not request fresh quotes from CoinMarketCap. Ingestion runs separately.
How often is market data updated?
The configured ingestion interval is 30 minutes, but it does not start a scheduler. Updates depend on a separately operated ingestion runner. Provider and stored timestamps show the age of each quote; data older than 30 minutes is marked stale.
Why do results change over time?
Current quotes, circulating supply estimates, reference valuations and currency quotes change. A fixed target can therefore imply a different valuation or multiple after the underlying stored data updates.
Scenario calculations are mathematical illustrations, not price predictions or financial advice.