You can check out above graph to see how the market cap of Bitshares has changed over time. The market cap value depends on the value of Bitshares on that particular day and number of Bitshares in supply at that day.

How is Bitshares Market Cap calculated?

The Bitshares Market cap is calculated using a simple formula. You can find it below:

Bitshares Market Capitalization in USD = Number of BTS in supply X Price of one Bitshares in USD

Since the price of Bitshares is highly volatile you can see the market cap going up and down a lot. Sometimes price and market cap are not linear to each other due to increase in the supply of coins in the market and stable or decrease in the price of the coin. So you can say that it's not simple to predict the market cap of Bitshares or predict the price of Bitshares.