This article has been translated from English to Gen Z Slang.
Circulating Supply is just the fancy way of saying how many crypto coins or tokens are out there for the FOMO squad to snatch up or yeet. 💸
If you can cop 'em or sell 'em, they're def considered as part of the circulation gang. 😎
Sometimes these crypto crews keep a stash and don't drop the whole batch into the wild, saving some for a rainy day or when they decide to mine or print more out later. 🔄
You can flex on your math skills by calculating a crypto's market cap (MCAP) using circulating supply. Just multiply the lit market price by the number of coins chilling in circulation. Quick math! 📈
MARKET CAP = CIRCULATING SUPPLY x ASSET’S MARKET PRICE
Example time: Bitcoin (BTC) is out here with around 19 mil coins doing the rounds. 🌐
If it's going for USD $21K right now, let's crunch numbers.
So, its market cap is gonna be 19 million X $21K = USD $399 billion. Mind-blowing, right? 💥
Don't be sus and mix up Circulating Supply with Total Supply or Max Supply. They're not the same, fam! 🚫