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

How is NEXO Market Cap calculated?

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

NEXO Market Capitalization in USD = Number of NEXO in supply X Price of one NEXO in USD

Since the price of NEXO 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 NEXO or predict the price of NEXO.