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

How is Emerald Market Cap calculated?

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

Emerald Market Capitalization in USD = Number of EMD in supply X Price of one Emerald in USD

Since the price of Emerald 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 Emerald or predict the price of Emerald.