The circulating supply can provide you with an approximation of the total number of coins that are currently circulating within the market, or more preferable at the general public’s hand. The circulating supply of a given cryptocurrency can vary from time to time.
With mineable cryptocurrencies, new coins are mined that gradually add up to the supply. For any centralized token, developers can simply add coins to the supply chain through instantaneous minting.
On the contrary, the circulating supply of a coin can diminish as well. This can happen via burning, or by sending a substantial number of coins to an irrecoverable address by accident. Still, the circulating supply is different from that of the total supply or maximum supply of a coin.
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