Market Cap, Unit Price, and FDV: What the Math Can and Cannot Tell You
Learn the arithmetic behind market cap and fully diluted figures, why supply definitions matter, and why neither number proves liquidity, value, or a future price.
CL
CryptoLV EditorialEditorial team
·4 min read
Review and sources
Reviewed 2026-08-17 by CryptoLV Editorial. Next review: 2026-11-17.
- ERC-20 token standard opens in a new tab
Supports: For compatible Ethereum tokens, totalSupply is an on-chain interface; it does not define circulating supply, value, or liquidity.
- CFTC: caution when buying digital tokens opens in a new tab
Supports: There is no widely accepted standard for valuing a digital token, and buying because it may be resold at a higher price is speculation with substantial risk.
- FINRA: crypto asset risks opens in a new tab
Supports: Crypto assets can be volatile and illiquid, and a token can have limited utility, value, or ability to trade.
Add progress to your track
Related articles
Fundamental Analysis· 6 min
Bitcoin Halving 2028: Block Height, Date Estimates, and What Is Actually Scheduled
Fundamental Analysis· 7 min
Bitcoin Drawdown: How to Measure Cycle Risk Without Pretending to Call the Bottom
Fundamental Analysis· 7 min
Bitcoin Halving: A Block-Subsidy Schedule, Not a Trade Clock
