Digital Assets
Market Capitalisation of a Token
Definition
What is Market Capitalisation of a Token?
Token price multiplied by circulating supplyThe quantity of tokens currently available to the public market under the stated methodology..
Example in practice
How This Looks in Practice
A ₦1 token with one billion circulating units has ₦1 billion market capitalisationThe market value of a company's outstanding shares, calculated as share price multiplied by shares outstanding..
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Related Terms
Digital Assets
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A digitally represented asset that uses cryptographic and distributed-ledger systems for issuance or transfer.
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An electronically represented item of value or right that can be owned or transferred.
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A distributed record of transactions grouped into linked blocks and maintained by a network.
CommoditiesPrecious Metal
A scarce metal commonly held for industrial use, jewellery, or investment.