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

How is Swarm Fund Market Cap calculated?

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

Swarm Fund Market Capitalization in USD = Number of SWM in supply X Price of one Swarm Fund in USD

Since the price of Swarm Fund 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 Swarm Fund or predict the price of Swarm Fund.