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

How is Xenon Market Cap calculated?

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

Xenon Market Capitalization in USD = Number of XNN in supply X Price of one Xenon in USD

Since the price of Xenon 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 Xenon or predict the price of Xenon.