You can check out above graph to see how the market cap of NEM has changed over time.
The market cap value depends on the value of NEM on that particular day and number
of NEM in supply at that day.
How is NEM Market Cap calculated?
The NEM Market cap is calculated using a simple formula. You can find it below:
NEM Market Capitalization in USD = Number of XEM in supply X
Price of one NEM in USD
Since the price of NEM 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 NEM or
predict the price of NEM.