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

How is IP Exchange Market Cap calculated?

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

IP Exchange Market Capitalization in USD = Number of IPSX in supply X Price of one IP Exchange in USD

Since the price of IP Exchange 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 IP Exchange or predict the price of IP Exchange.