Guide
How Market Cap and FDV Affect Token Price Scenarios
Use market cap, circulating supply, max supply, FDV, unlocks, and price assumptions carefully without treating them as forecasts.
Last updated: 2026-06-05
- Practical guide
- Calculator links included
- Estimates, not professional advice
Calculators in this guide
Market cap, token price, circulating supply, and FDV are connected by simple formulas, but the scenario depends heavily on which supply figure is used.
Unlocks, emissions, burns, liquidity, and demand can change how useful a valuation comparison is.
Practical takeaway
Use market cap and FDV calculators to translate price and supply assumptions, then keep those outputs separate from forecasts.
Supply choice changes the scenario
Market cap uses token price times circulating supply. FDV uses token price times max or fully diluted supply.
If supply can unlock, emit, burn, or change definition, the same token price can imply very different valuation scenarios.
Valuation math is not a price target
A market cap scenario can show what token price would imply, but it does not predict demand, liquidity, exchange listings, unlock pressure, or future returns.
Pair valuation math with fee-adjusted ROI or profit target scenarios only as planning math.
Real-world examples
Estimate implied price from a target market cap.
Compare FDV with market cap implied by circulating supply.
Practical scenarios
- A user checks how an unlock schedule changes the FDV comparison.
- A tokenomics review separates valuation math from liquidity assumptions.
Common mistakes
- Confusing circulating supply with max supply.
- Treating FDV as a prediction.
- Assuming market cap equals money invested.
Things calculators cannot predict
- Calculators cannot predict demand.
- They cannot know future unlocks or emissions.
- They cannot assess token suitability.