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

How is Numerai Market Cap calculated?

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

Numerai Market Capitalization in USD = Number of NMR in supply X Price of one Numerai in USD

Since the price of Numerai 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 Numerai or predict the price of Numerai.