How to Find Circulating Supply of Crypto

I’m sure you’ve heard about something called “cryptocurrency circulating supply.” If you’re new to crypto, it’s normal not to know what this means.

But you need to understand how to find the circulating supply of crypto.

So, here’s the deal: before you decide to buy a cryptocurrency, it’s smart to check out its circulating supply and total supply. The good news is, it’s not hard to find this information.

In this post, I’m going to walk you through it step by step. I’ll cover how to find the circulating supply of crypto, and why it’s important. Plus, I’ll let you know two of the best places to find this info.

By the end, you’ll know exactly where to look to find out how much of any crypto is out there circulating.

What is Circulating Supply of Cryptocurrency?

Think of circulating supply as the number of coins or tokens of a certain cryptocurrency that are currently in circulation and available for trading on the market.

These are the coins that are actively being bought, sold, and exchanged among investors and users.

Now, it’s important to understand that circulating supply is not the same as total supply. Total supply refers to all the coins that have ever been created or mined for a crypto project.

Circulating supply, on the other hand, only counts the coins that are being used.

Why Finding Circulating Supply of Crypto is Important

Knowing how many coins are in circulation is super important, especially if you’re thinking of investing in cryptocurrencies.

Here’s why:

Market Dynamics: Circulating supply directly impacts market dynamics by affecting supply and demand. Understanding how many coins are actively available for trading can give investors insights into market liquidity and potential price movements.
Valuation: Circulating supply plays an important role in determining a cryptocurrency’s market capitalization, which is calculated by multiplying the price per coin by the circulating supply. Market cap is a key metric used to assess the overall value and size of a crypto project relative to others in the market.
Investment Decisions: For investors, knowing the circulating supply of a cryptocurrency is essential for making good investment decisions. It helps investors gauge the potential for growth or stability based on factors such as market liquidity, price trends, and market capitalization.

How Does Circulating Supply Increase

Different cryptocurrencies create new coins slowly over time, either through a process called mining or minting. This increases the amount of coins available until a set maximum is reached.

Let’s take Bitcoin as an example.

Every 10 minutes, new bitcoins are made through mining, which means more bitcoins are added into circulation every 10 minutes until there’s a total of 21 million BTC.

Now, here’s the interesting part. Sometimes, for certain cryptocurrencies, the number of coins in circulation can actually decrease. This happens through something called Burning, which permanently removes coins from the market.

How to Find Circulating Supply of Crypto on CoinMarketCap

Here’s a step-by-step guide to finding the circulating supply of a cryptocurrency on CoinMarketCap:

1. Visit the CoinMarketCap Website:

Go to CoinMarketCap.

2. Select the Crypto:

Search and select the name of the crypto you’re interested in. This will take you to the cryptocurrency’s dedicated page on CoinMarketCap.

How To Find Circulating Supply Of Crypto On CoinMarketCap

3. Navigate to the Circulating Supply Section:

On the cryptocurrency’s page, you’ll find various pieces of information about the crypto, including its price, market cap, trading volume, and circulating supply. Look for the section labeled “Circulating Supply.”

4. Review Additional Information (Optional):

While you’re on the cryptocurrency’s page, you can explore additional information such as historical price charts, market data, trading pairs, and news related to the cryptocurrency. This additional information can provide valuable insights into the cryptocurrency’s performance and market trends.

5. Verify Accuracy (Optional):

It’s always a good practice to verify the accuracy of the circulating supply information provided on CoinMarketCap by cross-referencing it with other reliable sources. While CoinMarketCap is generally a reputable platform, confirming the data from multiple sources can help ensure its accuracy.

How to Find Circulating Supply of Crypto on CoinGecko

Here’s a step-by-step guide to finding the circulating supply of a cryptocurrency on CoinGecko.

1. Visit the CoinGecko Website:

Go to CoinGecko.

2. Select the Cryptocurrency:

Once you’re on the CoinGecko homepage, search and click on the name of the crypto you’re interested in. This will take you to the cryptocurrency’s dedicated page on CoinGecko.

How To Find Circulating Supply Of Crypto On CoinGecko

3. Navigate to the Circulating Supply Section:

On the cryptocurrency’s page, scroll down until you find the section labeled “Circulating Supply.” This section provides information about the circulating supply, total supply, and maximum supply of the crypto.

What Is Circulating Supply Of Cryptocurrency

4. Verify Accuracy (Optional):

It’s always a good idea to verify the accuracy of the circulating supply information provided on CoinGecko by cross-referencing it with other reliable sources. While CoinGecko is generally a reputable platform, confirming the data from multiple sources can help ensure its accuracy.

Additional Resources:

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DISCLAIMER:

The information provided here is intended for informational purposes only and should not be solely relied upon for making investment decisions. It does not constitute financial, tax, legal, or accounting advice. Additionally, I strongly recommend that you only invest in cryptocurrency an amount you are comfortable with potentially losing temporarily.