Market Cap = Current Price x Circulating Supply.
Cryptocurrency is being bought and sold at different rates, and seeing how many trades are taking place in a coin can give you an idea of how its popularity is moving. The volume simply refers to the number of trades of a cryptocurrency that took place in the last 24 hours.
Fully-diluted market cap (FDMC) = price x max supply
Cryptocurrency is “mined” by carrying out complex calculations, which lead to “coins” being generated. Of these, only a certain number will be in circulation, in public hands to be bought and sold. That’s the Circulating Supply, similar to flowing shares in the stock market.
Some cryptocurrency, including Bitcoin, have a fixed upper limit on the number of coins that can be mined. This is done by design — so for example, only 21 million Bitcoin will ever be mined. Litecoin also has a max supply of 84 million. On the other hand, some crytpocurrencies like Dogecoin and Litecoin do not have an upper limit.
Total Supply is simply all the coins that have already been mined out of the maximum supply, minus any coins that have been burned. If you’re familiar with the stock market, you can think of it like Outstanding Shares.
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