Fully diluted market cap refers to the total value of a cryptocurrency if all its tokens were to be mined or released to the market. This metric provides a comprehensive view of a coin’s potential valuation, considering not just the currently circulating supply but also the maximum supply that could exist.To calculate the fully diluted market cap, multiply the maximum supply of tokens by the current price of each token. This figure helps investors assess the long-term value and potential growth of a project, as it reflects what the market cap could look like if all tokens were issued.Understanding fully diluted market cap is essential for evaluating the scarcity and inflation potential of a cryptocurrency. It can highlight potential risks, such as the possibility of future token releases that could dilute current holdings, impacting the token’s value.