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

How is Sphere Coin Market Cap calculated?

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

Sphere Coin Market Capitalization in USD = Number of SPHR in supply X Price of one Sphere Coin in USD

Since the price of Sphere Coin 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 Sphere Coin or predict the price of Sphere Coin.