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