How exaclty do you do the math on it? divide them? I suck at math
i've tried googling this but was still left a little confused
market cap is just how much fiat(USD, CAD, etc) is currently invested in the coin. current price x circulating supply
if ABC coin is trading at $2/coin and there's 5,000 circulating supply, the current market cap is $10,000
The main point is that price is not really that important(or doesn't really tell the whole story) because ABC coin could have a current price of $0.05 with a 10 million circulating supply while DEF coin has a current price of $50 with a 10 thousand supply. if they both have same market cap at the time, you will probably stand to see way more growth from the $50 coin. Whether you have 10,000 of a $.05 coin or only 10 of a $50 coin. you still have $500 at the end of the day
It's just that there's a psychological effect of seeing something for pennies and thinking it's easier for it to hit 100x+. Starting out many people seem to want to load up on thousands of these $0.001+ coins hoping for huge gains ignoring the fact that theres a huge circulating supply of the coin and will probably never touch $1.00.
there's other variables as well. the type of market it is. markets like IoT will be worth way more than the dental industry. coins can get unlocked, burned, inflated, etc. so you have to know the plans for the coin.