Started at 1,000. Stablecoins and gold tokens excluded. Members are the ten largest coins at each update, and the divisor adjusts when they change so the line stays continuous.
Countdown
Bitcoin halving
Every 210,000 blocks, the reward for mining new Bitcoin is cut in half.
Calculators for prices, market caps, history and risk, using live data.
History
Past investment
What money put into a coin on a past date is worth today.
Your investmentSame money in BitcoinMoney put in
Steady buying
DCA simulator
Buying a fixed amount on a schedule, compared with putting it all in on day one.
Steady buyingAll on day oneMoney put in
Leverage
Leveraged ETF calculator
What a fund that resets its leverage every day would have returned, next to the coin itself.
Daily-reset fundThe coin itselfSimply 2x the return
Reality check
Price target
What a target price would mean for a coin's market cap.
Converter
Convert
Any coin to dollars or to another coin, at live prices.
Head to head
Compare coins
Side-by-side price, size, supply and performance.
Market cap comparison
What if
The price a coin would have with another coin's market cap.
Flippening watch
Closest races
Neighbours nearest to swapping rank (stablecoins excluded).
Dominance
Market share
Share of total crypto market cap.
Profit & loss
Return check
What a past buy is worth at today's price.
Risk
Position size
How much to buy so a stop-out loses only what you choose.
A stop-loss isn't guaranteed. Gaps and slippage can fill past your stop and make the loss bigger.
Supply
Dilution check
Circulating vs. maximum supply, and the cap if every coin existed.
Investing
Average cost
Your weighted average price across several buys.
Investing
Break-even
The selling price that gets your money back after fees.
Risk
Comeback
The gain needed to recover from a drop.
Start
After drop
Investing
Rebalancer
Trades needed to get back to your target mix.
Coin
Now
Target %
Trade
Today's crypto prices by market cap
Why does fully diluted valuation (FDV) matter?
Two coins can show the same market cap today and be heading for very different futures.
One has almost every coin it will ever have already trading. The other has nine out of ten still locked away. Fully diluted value is how you tell them apart before the unlocks arrive.
The calculation
Fully diluted value prices every coin that will ever exist. The gap to market cap is supply that hasn't reached the market yet. Free to reuse
KryptoKap calculates FDV as today's price multiplied by maximum supply. Some sites use total supply instead, which gives a different number, so compare like with like.
FDV is market cap's warning label. If FDV is far above market cap, most of the supply hasn't been released yet, and those future coins will need buyers.
Coins with no maximum supply don't have an FDV on KryptoKap, because there's no final number to multiply by.
Reading the FDV ratio
A coin with a $500 million market cap and a $5 billion FDV has a ratio of 10×. Only a tenth of its supply is trading. For today's price to hold as the rest arrives, demand would need to grow roughly tenfold.
A ratio close to 1× means most coins are already out, so future supply is less of a factor. Bitcoin's ratio is about 1.05×.
Why low-float launches matter
Some new tokens launch with only 5 to 15 percent of supply circulating. A small float makes the price easier to push up early, and the headline market cap looks modest, while the FDV is already very high.
When the locked coins start unlocking, the people receiving them often paid far less than today's price, so many have a reason to sell.
Working through an unlock schedule
25 million coins unlock every month. To keep the price at $2, market cap has to climb from $300 million to $1.5 billion in two years, which is five times the buying, with FDV fixed at $2 billion the whole time. Free to reuse
Take an example token with a maximum supply of 1 billion coins, 150 million of them circulating, priced at $2. Its market cap is $300 million and its FDV is $2 billion, a ratio of about 6.7×. The team's schedule releases 25 million coins a month for the next 24 months, so two years from now 750 million coins will be circulating.
If the price is still $2 at that point, market cap will be $1.5 billion. That's five times today's figure, and the extra $1.2 billion has to come from new buyers absorbing coins that early investors, team members and treasuries are now free to sell. The FDV hasn't changed at all through those two years. What changed is how much of it is being tested by the market.
This is why monthly unlock size matters more than the headline FDV. Divide the coins unlocking next month by the coins circulating today. For example, 25 million on 150 million is a 17% jump in supply in one month. You can find these schedules in a project's own token documentation, and KryptoKap's Token unlocks lesson explains how cliffs and vesting work.
Max supply, total supply and the FDV you see
Market cap counts the 200 million coins trading. FDV on total supply adds the 400 million locked ones for $600 million; FDV on max supply adds coins not yet created for $1 billion. Free to reuse
Three supply figures sit behind most coin pages. Circulating supply is what can trade today. Total supply is every coin that has been created, including ones locked in vesting contracts or held by the team. Max supply is the hard limit the code allows, including coins not yet minted.
In the example, a $1 token has 200 million coins circulating, another 400 million minted but locked, and 400 million more that will be created later as rewards. Its market cap is $200 million. FDV on total supply is $600 million. FDV on max supply, the figure KryptoKap shows, is $1 billion. All three are correct; they answer different questions.
To check a coin yourself, look up its supply numbers on a block explorer or in the project's token documentation and do the multiplication. If a site's FDV equals price times total supply, it's using the narrower definition. Watch for coins whose max supply can be changed by a governance vote, and for burn mechanisms that remove coins over time, because both make the maximum a moving target rather than a fixed ceiling.
Key terms
FDV
Price × max supply.
FDV ratio
FDV divided by market cap. 1× means all supply is out.
Low float
Only a small share of supply is circulating.
Emissions
New coins released over time.
Where the number falls short
When the coins arrive. FDV assumes every coin exists today. Some may not be released for years, and some never will be.
What they'll sell for. It prices future coins at today's price, which is the one thing that almost certainly won't hold.
Which supply figure was used. Some sites multiply by total supply instead of max supply, so the same coin can show two different FDVs.
What people get wrong
FDV isn't a price target or a fair value. It's just a size measure under one assumption.
A big FDV gap doesn't guarantee the price will fall. Demand can grow as supply unlocks, but it has to.
Why it matters
It shows how much future supply is waiting, which a market cap figure alone hides.
Common questions
Why is my FDV different from another site's?
Different sites multiply by maximum supply or by total supply. KryptoKap uses maximum supply.
Is a high FDV a bad sign?
Not on its own. A high FDV next to a low market cap means many coins are still to come, which puts pressure on price unless demand grows. Check how fast those coins unlock and who receives them. A large gap released slowly over ten years is very different from one released over twelve months.
Does Bitcoin have an FDV?
Yes. Bitcoin's max supply is fixed at 21 million coins, and more than 95% of them already exist, so its FDV is only slightly above its market cap. That ratio of roughly 1.05× is about as low as it gets for a large coin.
