Cryptocurrency Prices by Market Cap
# | Coin | Price | 1h | 24h | 7d | 30d | 24h Volume | Market Cap | FDV | Market Cap / FDV | Last 7 Days | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 |
Bitcoin
BTC
|
Buy
|
$69,272.47 | 1.4% | 3.0% | 10.4% | 13.3% | $26,574,281,559 | $1,362,359,378,500 | $1,454,657,389,888 | 0.94 | ||
2 |
Ethereum
ETH
|
Buy
|
$3,497.44 | 1.5% | 2.5% | 6.3% | 3.7% | $13,213,019,307 | $419,843,719,348 | $419,843,719,348 | 1.0 | ||
3 |
Tether
USDT
|
Buy
|
$0.9989 | 0.0% | 0.1% | 0.0% | 0.4% | $53,413,923,366 | $104,226,434,056 | $104,226,434,056 | 1.0 | ||
4 |
BNB
BNB
|
Buy
|
$608.74 | 1.3% | 3.9% | 11.9% | 46.1% | $2,486,513,561 | $93,535,078,239 | $93,535,078,239 | 1.0 | ||
5 |
Solana
SOL
|
Buy
|
$185.08 | 2.0% | 1.4% | 9.3% | 66.0% | $3,199,736,545 | $82,214,516,634 | $105,986,307,020 | 0.78 | ||
6 |
XRP
XRP
|
Buy
|
$0.6253 | 2.1% | 0.3% | 3.3% | 5.6% | $1,906,647,340 | $34,323,287,794 | $62,529,947,131 | 0.55 | ||
7 |
Lido Staked Ether
STETH
|
Buy
|
$3,485.23 | 1.5% | 2.5% | 5.6% | 3.8% | $78,794,770 | $33,770,232,983 | $33,770,232,983 | 1.0 | ||
8 |
USDC
USDC
|
Buy
|
$0.9998 | 0.1% | 0.2% | 0.2% | 0.4% | $6,794,664,501 | $32,380,658,929 | $32,386,811,966 | 1.0 | ||
9 |
Dogecoin
DOGE
|
Buy
|
$0.2096 | 3.1% | 3.5% | 43.3% | 109.6% | $4,395,325,703 | $30,153,515,125 | $30,158,784,133 | 1.0 | ||
10 |
Cardano
ADA
|
Buy
|
$0.6527 | 1.9% | 0.6% | 7.2% | 1.6% | $516,894,503 | $22,972,076,778 | $29,313,568,070 | 0.78 | ||
11 |
Avalanche
AVAX
|
Buy
|
$53.20 | 1.4% | 2.7% | 0.2% | 33.2% | $489,087,522 | $20,024,002,350 | $23,137,804,571 | 0.87 | ||
12 |
Shiba Inu
SHIB
|
Buy
|
$0.00003042 | 1.6% | 4.8% | 16.5% | 173.8% | $1,073,609,249 | $17,926,134,641 | $30,420,637,957 | 0.59 | ||
13 |
Toncoin
TON
|
Buy
|
$5.02 | 2.4% | 1.7% | 20.0% | 87.8% | $159,803,863 | $17,340,903,277 | $25,508,087,521 | 0.68 | ||
14 |
Polkadot
DOT
|
Buy
|
$9.60 | 1.6% | 0.1% | 8.9% | 13.5% | $300,086,928 | $12,912,354,764 | $13,690,473,593 | 0.94 | ||
15 |
Bitcoin Cash
BCH
|
Buy
|
$611.30 | 0.5% | 7.7% | 53.0% | 101.0% | $1,310,465,382 | $12,014,071,597 | $12,818,073,901 | 0.94 | ||
16 |
Chainlink
LINK
|
Buy
|
$18.93 | 1.2% | 2.1% | 8.9% | 5.3% | $363,287,546 | $11,095,936,930 | $18,899,569,873 | 0.59 | ||
17 |
Wrapped Bitcoin
WBTC
|
Buy
|
$69,593.57 | 1.1% | 2.2% | 10.5% | 14.4% | $189,488,473 | $10,808,064,869 | $10,808,064,869 | 1.0 | ||
18 |
TRON
TRX
|
Buy
|
$0.1200 | 0.5% | 0.6% | 3.3% | 16.7% | $345,041,791 | $10,519,215,723 | $10,519,212,023 | 1.0 | ||
19 |
Uniswap
UNI
|
Buy
|
$12.69 | 1.4% | 2.1% | 11.5% | 17.8% | $248,115,921 | $9,561,703,782 | $12,685,230,325 | 0.75 | ||
20 |
Polygon
MATIC
|
Buy
|
$0.9876 | 1.5% | 2.8% | 3.3% | 6.2% | $352,103,110 | $9,148,076,329 | $9,854,715,009 | 0.93 | ||
21 |
Internet Computer
ICP
|
Buy
|
$17.55 | 0.7% | 0.3% | 35.7% | 33.0% | $329,735,703 | $8,090,345,811 | $9,055,115,970 | 0.89 | ||
22 |
Litecoin
LTC
|
Buy
|
$104.96 | 0.7% | 10.5% | 29.1% | 39.7% | $1,649,384,373 | $7,794,790,049 | $8,804,766,676 | 0.89 | ||
23 |
NEAR Protocol
NEAR
|
Buy
|
$6.98 | 1.9% | 4.5% | 8.3% | 75.9% | $303,685,666 | $7,234,243,758 | $8,237,342,588 | 0.88 | ||
24 |
Aptos
APT
|
Buy
|
$17.02 | 1.2% | 3.3% | 6.0% | 45.2% | $234,988,998 | $6,756,386,431 | $18,521,527,479 | 0.36 | ||
25 |
LEO Token
LEO
|
$6.07 | 0.1% | 0.1% | 0.9% | 34.5% | $2,359,191 | $5,624,979,880 | $5,979,613,716 | 0.94 | |||
26 |
Filecoin
FIL
|
$9.90 | 2.7% | 7.4% | 15.6% | 22.4% | $501,335,086 | $5,248,908,231 | $19,425,479,786 | 0.27 | |||
27 |
Stacks
STX
|
Buy
|
$3.58 | 0.1% | 3.8% | 4.4% | 10.7% | $98,895,920 | $5,189,105,264 | $6,502,712,630 | 0.8 | ||
28 |
Ethereum Classic
ETC
|
Buy
|
$33.70 | 2.6% | 3.0% | 17.3% | 16.6% | $288,103,435 | $4,928,147,801 | $7,098,443,205 | 0.69 | ||
29 |
Dai
DAI
|
Buy
|
$1.00 | 0.2% | 0.2% | 0.3% | 0.3% | $582,397,361 | $4,922,098,720 | $4,946,447,124 | 1.0 | ||
30 |
Cosmos Hub
ATOM
|
Buy
|
$12.43 | 0.9% | 0.2% | 11.2% | 7.7% | $290,414,503 | $4,834,117,568 | $4,837,107,774 | 1.0 | ||
31 |
Arbitrum
ARB
|
Buy
|
$1.62 | 1.8% | 3.4% | 2.4% | 16.1% | $331,125,114 | $4,299,711,129 | $16,201,240,899 | 0.27 | ||
32 |
Immutable
IMX
|
Buy
|
$3.00 | 1.4% | 1.5% | 11.6% | 11.7% | $64,409,867 | $4,258,952,989 | $5,985,795,175 | 0.71 | ||
33 |
Render
RNDR
|
Buy
|
$10.91 | 0.7% | 3.8% | 3.1% | 37.7% | $197,560,426 | $4,164,283,174 | $5,802,301,985 | 0.72 | ||
34 |
Stellar
XLM
|
Buy
|
$0.1428 | 0.8% | 3.5% | 12.6% | 15.1% | $153,593,033 | $4,106,909,854 | $7,127,283,050 | 0.58 | ||
35 |
Cronos
CRO
|
Buy
|
$0.1516 | 1.9% | 1.3% | 15.4% | 44.3% | $24,917,564 | $4,038,818,004 | $4,551,641,969 | 0.89 | ||
36 |
Hedera
HBAR
|
Buy
|
$0.1158 | 1.4% | 0.3% | 11.3% | 0.4% | $55,104,996 | $3,885,882,574 | $5,765,250,672 | 0.67 | ||
37 |
OKB
OKB
|
$63.48 | 1.3% | 1.2% | 10.0% | 20.8% | $11,846,920 | $3,797,684,953 | $14,934,882,515 | 0.25 | |||
38 |
Mantle
MNT
|
Buy
|
$1.16 | 1.1% | 4.4% | 48.6% | 27.7% | $143,194,541 | $3,767,850,710 | $7,246,554,494 | 0.52 | ||
40 |
dogwifhat
WIF
|
Buy
|
$3.73 | 0.5% | 13.5% | 73.8% | 432.8% | $792,120,243 | $3,735,252,991 | $3,735,252,991 | 1.0 | ||
39 |
The Graph
GRT
|
Buy
|
$0.3951 | 1.6% | 6.3% | 9.1% | 32.0% | $117,230,205 | $3,729,904,306 | $4,255,011,254 | 0.88 | ||
41 |
Optimism
OP
|
Buy
|
$3.62 | 1.5% | 2.1% | 5.5% | 5.4% | $190,229,100 | $3,638,664,079 | $15,532,548,522 | 0.23 | ||
42 |
Bittensor
TAO
|
Buy
|
$524.89 | 2.8% | 5.2% | 9.0% | 16.3% | $32,896,948 | $3,413,630,973 | $11,022,744,028 | 0.31 | ||
43 |
VeChain
VET
|
$0.04575 | 2.3% | 1.8% | 16.0% | 10.4% | $129,936,873 | $3,325,892,310 | $3,932,873,375 | 0.85 | |||
44 |
Maker
MKR
|
Buy
|
$3,544.57 | 0.2% | 0.7% | 14.9% | 61.9% | $311,279,803 | $3,266,884,897 | $3,454,655,880 | 0.95 | ||
45 |
Fetch.ai
FET
|
$3.12 | 1.5% | 8.5% | 28.0% | 137.7% | $586,025,070 | $3,254,972,556 | $3,596,654,760 | 0.9 | |||
46 |
Kaspa
KAS
|
Buy
|
$0.1404 | 0.2% | 2.9% | 4.8% | 22.3% | $49,025,656 | $3,240,011,115 | $3,251,348,444 | 1.0 | ||
47 |
Injective
INJ
|
Buy
|
$36.56 | 2.0% | 3.4% | 3.6% | 8.0% | $128,665,171 | $3,225,636,217 | $3,649,230,816 | 0.88 | ||
48 |
Pepe
PEPE
|
Buy
|
$0.057641 | 2.4% | 5.7% | 5.2% | 148.0% | $535,344,495 | $3,216,319,853 | $3,216,319,853 | 1.0 | ||
49 |
THORChain
RUNE
|
$8.87 | 1.7% | 5.8% | 12.5% | 42.5% | $443,654,494 | $2,971,881,415 | $3,689,038,062 | 0.81 | |||
50 |
Theta Network
THETA
|
Buy
|
$2.95 | 0.9% | 0.6% | 7.2% | 45.9% | $42,909,772 | $2,926,618,901 | $2,926,618,901 | 1.0 | ||
51 |
Fantom
FTM
|
Buy
|
$0.9783 | 1.8% | 4.4% | 13.1% | 99.6% | $265,983,825 | $2,743,966,347 | $3,107,427,915 | 0.88 | ||
52 |
Arweave
AR
|
$40.65 | 1.1% | 3.7% | 15.7% | 77.2% | $74,781,154 | $2,652,766,457 | $2,652,766,457 | 1.0 | |||
53 |
Celestia
TIA
|
Buy
|
$14.87 | 0.1% | 6.3% | 9.3% | 12.5% | $199,318,457 | $2,582,814,165 | $15,338,804,740 | 0.17 | ||
54 |
Lido DAO
LDO
|
$2.89 | 0.2% | 1.6% | 1.0% | 15.6% | $76,446,174 | $2,562,166,687 | $2,873,306,694 | 0.89 | |||
55 |
First Digital USD
FDUSD
|
$1.00 | 0.2% | 0.2% | 0.4% | 0.2% | $1,378,679,681 | $2,543,149,672 | $2,543,149,672 | 1.0 | |||
56 |
Monero
XMR
|
$133.26 | 0.2% | 2.1% | 1.5% | 4.3% | $44,845,358 | $2,407,331,227 | - | ||||
58 |
Sui
SUI
|
$1.95 | 1.9% | 2.9% | 10.9% | 16.5% | $482,070,068 | $2,399,078,634 | $19,490,178,333 | 0.12 | |||
57 |
GALA
GALA
|
Buy
|
$0.06433 | 2.3% | 4.9% | 20.3% | 64.0% | $156,768,499 | $2,393,641,039 | $2,394,602,960 | 1.0 | ||
59 |
FLOKI
FLOKI
|
Buy
|
$0.0002384 | 1.8% | 5.7% | 11.2% | 326.6% | $550,498,655 | $2,309,316,604 | $2,377,691,295 | 0.97 | ||
60 |
Algorand
ALGO
|
Buy
|
$0.2762 | 1.9% | 0.5% | 17.3% | 24.6% | $84,796,239 | $2,227,243,616 | $2,227,243,638 | 1.0 | ||
61 |
Sei
SEI
|
$0.8319 | 1.6% | 5.2% | 6.0% | 6.9% | $106,694,531 | $2,222,885,921 | $8,309,853,909 | 0.27 | |||
62 |
Rocket Pool ETH
RETH
|
$3,864.24 | 1.2% | 1.9% | 6.4% | 4.5% | $10,206,802 | $2,069,490,961 | $2,069,467,413 | 1.0 | |||
63 |
Flow
FLOW
|
Buy
|
$1.35 | 1.8% | 3.4% | 9.4% | 24.5% | $48,007,979 | $2,018,386,835 | $2,018,386,836 | 1.0 | ||
64 |
Quant
QNT
|
Buy
|
$135.31 | 1.7% | 3.3% | 12.3% | 19.3% | $32,128,613 | $1,966,988,126 | $1,976,227,453 | 1.0 | ||
66 |
Bitcoin SV
BSV
|
$96.25 | 0.3% | 3.7% | 28.0% | 16.2% | $94,915,809 | $1,892,012,530 | $2,019,533,445 | 0.94 | |||
65 |
Aave
AAVE
|
Buy
|
$127.39 | 1.9% | 0.7% | 10.3% | 19.8% | $119,884,272 | $1,879,513,504 | $2,033,714,718 | 0.92 | ||
67 |
Mantle Staked Ether
METH
|
$3,580.44 | 1.4% | 3.2% | 5.9% | 3.8% | $2,730,574 | $1,875,672,271 | $1,875,672,271 | 1.0 | |||
68 |
Beam
BEAM
|
$0.03483 | 2.1% | 5.2% | 10.5% | 0.8% | $22,624,299 | $1,838,040,726 | $2,177,802,361 | 0.84 | |||
69 |
Conflux
CFX
|
$0.4747 | 2.0% | 0.8% | 13.5% | 72.2% | $119,749,753 | $1,818,792,993 | $2,591,487,025 | 0.7 | |||
70 |
Bonk
BONK
|
Buy
|
$0.00002646 | 1.6% | 8.8% | 24.4% | 64.5% | $225,169,290 | $1,743,288,009 | $2,475,102,912 | 0.7 | ||
71 |
Wrapped eETH
WEETH
|
$3,620.59 | 1.4% | 2.0% | 7.0% | 4.6% | $44,566,303 | $1,728,845,857 | $1,728,845,857 | 1.0 | |||
72 |
Jupiter
JUP
|
$1.27 | 1.5% | 0.7% | 10.3% | 145.5% | $157,443,105 | $1,718,900,258 | $12,732,594,507 | 0.14 | |||
73 |
SingularityNET
AGIX
|
$1.30 | 1.9% | 8.4% | 30.2% | 69.0% | $377,271,305 | $1,664,561,827 | $1,811,980,040 | 0.92 | |||
75 |
dYdX
DYDX
|
$3.51 | 0.5% | 1.6% | 8.7% | 1.7% | $12,546,478 | $1,628,190,985 | $2,492,602,918 | 0.65 | |||
74 |
MultiversX
EGLD
|
$60.70 | 1.5% | 1.2% | 5.6% | 0.8% | $30,139,218 | $1,621,013,202 | $1,621,325,415 | 1.0 | |||
76 |
Ribbon Finance
RBN
|
$1.68 | 0.0% | 4.1% | 22.4% | 122.8% | $18,159,784 | $1,593,374,266 | $1,675,121,702 | 0.95 | |||
77 |
Axie Infinity
AXS
|
$11.12 | 2.1% | 1.1% | 14.6% | 23.6% | $67,797,707 | $1,582,435,419 | $3,001,596,863 | 0.53 | |||
78 |
Starknet
STRK
|
$2.17 | 1.3% | 5.4% | 9.2% | 12.5% | $135,870,507 | $1,582,196,804 | $21,733,472,581 | 0.07 | |||
79 |
BitTorrent
BTT
|
$0.051635 | 0.8% | 2.3% | 25.3% | 44.8% | $88,461,480 | $1,580,787,152 | $1,616,302,663 | 0.98 | |||
81 |
The Sandbox
SAND
|
Buy
|
$0.7018 | 1.6% | 1.1% | 11.8% | 23.2% | $159,544,255 | $1,575,589,940 | $2,099,170,760 | 0.75 | ||
80 |
Synthetix Network
SNX
|
Buy
|
$4.80 | 2.1% | 0.5% | 14.3% | 19.8% | $73,985,350 | $1,573,162,764 | $1,575,197,355 | 1.0 | ||
82 |
Ethena USDe
USDE
|
$1.00 | 0.0% | 0.2% | 0.0% | 0.6% | $144,819,840 | $1,414,357,212 | $1,427,327,722 | 0.99 | |||
83 |
ether.fi Staked ETH
EETH
|
$3,534.30 | 0.5% | 0.9% | 7.8% | 8.9% | $307,342 | $1,408,081,956 | $3,158,547,631 | 0.45 | |||
84 |
Bitget Token
BGB
|
$1.00 | 0.2% | 2.4% | 9.7% | 0.8% | $36,414,780 | $1,404,313,660 | $2,006,160,938 | 0.7 | |||
85 |
Tezos
XTZ
|
Buy
|
$1.41 | 1.5% | 0.6% | 18.7% | 17.7% | $55,090,958 | $1,369,897,019 | $1,398,861,011 | 0.98 | ||
86 |
Gate
GT
|
$10.07 | 4.4% | 3.9% | 49.2% | 101.3% | $37,476,608 | $1,352,326,218 | $3,036,922,535 | 0.45 | |||
87 |
eCash
XEC
|
$0.00006853 | 1.6% | 3.6% | 40.3% | 88.7% | $48,208,659 | $1,349,977,911 | $1,440,852,043 | 0.94 | |||
89 |
ORDI
ORDI
|
$63.63 | 2.1% | 2.1% | 3.6% | 21.7% | $337,172,493 | $1,335,872,533 | $1,335,872,533 | 1.0 | |||
88 |
Pyth Network
PYTH
|
$0.8873 | 1.6% | 2.3% | 0.3% | 30.2% | $64,511,639 | $1,331,702,621 | $8,878,017,476 | 0.15 | |||
90 |
Worldcoin
WLD
|
$8.11 | 2.3% | 4.5% | 4.9% | 1.2% | $265,912,890 | $1,328,204,974 | $81,114,180,848 | 0.02 | |||
91 |
Mina Protocol
MINA
|
$1.23 | 1.4% | 3.5% | 5.1% | 8.2% | $30,356,324 | $1,318,959,583 | $1,397,905,120 | 0.94 | |||
92 |
Chiliz
CHZ
|
Buy
|
$0.1472 | 1.3% | 2.9% | 13.3% | 3.8% | $92,450,104 | $1,304,783,748 | $1,304,783,748 | 1.0 | ||
95 |
EOS
EOS
|
Buy
|
$1.11 | 1.7% | 3.7% | 15.7% | 30.0% | $210,333,010 | $1,269,067,121 | - | |||
94 |
ApeCoin
APE
|
Buy
|
$2.02 | 1.7% | 0.6% | 11.8% | 2.5% | $77,787,500 | $1,267,380,259 | $2,018,632,811 | 0.63 | ||
93 |
Axelar
AXL
|
$2.07 | 0.6% | 1.1% | 11.4% | 38.4% | $42,586,563 | $1,266,849,130 | $2,361,976,519 | 0.54 | |||
96 |
Ondo
ONDO
|
$0.8760 | 1.3% | 1.8% | 24.7% | 106.2% | $243,549,609 | $1,264,419,490 | $8,757,794,575 | 0.14 | |||
97 |
Ronin
RON
|
$4.12 | 0.9% | 2.3% | 7.1% | 34.9% | $43,285,447 | $1,257,054,585 | $4,116,719,708 | 0.31 | |||
99 |
Flare
FLR
|
Buy
|
$0.03411 | 2.1% | 3.0% | 8.9% | 33.0% | $12,702,687 | $1,256,062,458 | $3,472,575,280 | 0.36 | ||
98 |
Decentraland
MANA
|
Buy
|
$0.6708 | 1.7% | 0.4% | 11.2% | 16.9% | $87,687,191 | $1,248,997,575 | $1,469,452,910 | 0.85 | ||
101 |
WhiteBIT Coin
WBT
|
$8.41 | 0.4% | 0.5% | 5.5% | 8.4% | $13,179,338 | $1,211,653,896 | $2,996,398,018 | 0.4 |
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Where Can I Get Crypto Prices And Market Data?
You may also check out GeckoTerminal, our comprehensive multichain on-chain charting tool featuring live charts, current trades, market sentiment, and more as it happens in real-time! CoinGecko also has a mobile app that enables you to track cryptocurrencies on Android and iOS. If you’re a professional trader or developer building Web3 projects, you can access real-time and historical crypto prices, market data, trading pairs, metadata, NFT collection floor prices, and more with our crypto data API.
How Does CoinGecko Calculate Cryptocurrency Prices?
The price is calculated using a global volume-weighted average price formula which is based on the pairings available on different exchanges of a particular crypto asset. For examples and more detailed information on how we track cryptocurrency prices and other metrics, see our methodology page here.
Why are Cryptocurrency Prices Different on Exchanges?
You may notice that cryptocurrencies listed on different exchanges have different prices. The reasons for this are complex, but simply put cryptocurrencies are traded on different exchanges and across different markets with varying economic conditions, liquidity, trading pairs, and offerings (e.g. derivatives / leverage) which all influence price in their own way.
What is 24h Volume?
The 24-hour trading volume refers to the amount a cryptocurrency has been bought and sold on all exchanges within the last 24 hours on the spot market. For instance, if the 24h volume for Ethereum is $15 billion, it means that $15 billion worth of Ether had changed hands across all exchanges in the last 24 hours.
How does CoinGecko Calculate Trading Volume?
The trading volume of a cryptocurrency is the total volume traded across all its trading pairs in the last 24 hours. This figure excludes any anomalies detected by our algorithm.
What is Cryptocurrency?
Cryptocurrency is a digital currency that relies on blockchain technology to maintain transactions in a public ledger. The blockchain is secured by cryptography to prevent counterfeiting, and it verifies transactions through decentralized consensus mechanisms across a distributed network of computers. This means that, unlike fiat currencies, people can conduct financial transactions without requiring a central authority like a bank.
What Are Altcoins?
Altcoins are cryptocurrencies other than Bitcoin, which means coins like Ethereum, Solana, and Dogecoin are all altcoins. Many early altcoin projects were created and positioned as better alternatives to Bitcoin with faster transaction speeds and higher energy efficiency. But today, altcoins are designed for various purposes, from privacy to payments and even memes.
What is Crypto Market Cap?
Crypto market cap is the total value of all the coins of a particular cryptocurrency that have been mined or are in circulation. Market capitalization is used to determine the ranking of cryptocurrencies. The higher the market cap of a particular crypto coin, the higher its ranking and share of the market. Crypto market cap is calculated by multiplying the total number of coins in circulation by its current price. For instance, to calculate the market cap of Ethereum, all you need to do is multiply the total number of Ethereum in circulation by the current price of one Ethereum and you will get its market cap.
How to Compare Cryptocurrencies Market Cap?
Crypto market cap can be divided into three categories:
- Large-cap cryptocurrencies (>$10 billion)
- Mid-cap Cryptocurrencies ($1 billion - $10 billion)
- Small-cap cryptocurrencies (<$1 billion)
As a financial metric, market cap allows you to compare the total circulating value of one cryptocurrency with another. Large cap cryptocurrencies such as Bitcoin and Ethereum have a market cap of over $10 billion. They typically consist of protocols that have demonstrated track records, and have a vibrant ecosystem of developers maintaining and enhancing the protocol, as well as building new projects on top of them. While market cap is a simple and intuitive comparison metric, it is not a perfect point of comparison. Some cryptocurrency projects may appear to have inflated market cap through price swings and the tokenomics of their supply. As such, it is best to use this metric as a reference alongside other metrics such as trading volume, liquidity, fully diluted valuation, and fundamentals during your research process.