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

How is Mercury Protocol Market Cap calculated?

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

Mercury Protocol Market Capitalization in USD = Number of GMT in supply X Price of one Mercury Protocol in USD

Since the price of Mercury Protocol 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 Mercury Protocol or predict the price of Mercury Protocol.