coins per $1 in market cap
- Green area: Coin supply per $1 in market cap;
- Blue line: Market price of coin, in US$.
coins per $1 in market cap explained
A cryptocurrency's market cap divided by its coins in circulation will give you its market price per coin.
Graphed above is the inverse of that equation: coins in circulation divided by market cap. In other words, how many coins does it take to equal $1.00.
Though this does have some similarity to the previous section, the takeaway from these charts yield more insight into "how diluted coins in circulation are" relative to a cryptocurrency's market cap.
Generally speaking, the less coins it takes to make up $1 in its market cap, the stronger and "less diluted" that coin is compared to others. Compare, for example, the graphs above of Bitcoin to Dogecoin, to get the picture.
And as in the previous section, it should be noted that if coins effectively removed from the money supply were accounted for, each coin's green-shaded trend would be even lower.