Coyote.finance

What if had the market cap of ?

Type two coins. Coyote shows what the first would be worth at the second one's size.

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25% →expected multiple…

The expected multiple weighs the bull case by your probability and assumes the coin halves if you are wrong. You can change all of it on the board.

Your board

Pick your winners. Then check the math.

Put the coins you hold, or want to hold, on one board. For each one set a target, how likely it is, and what you lose if you are wrong. Coyote ranks them by expected multiple, so you see which bets earn their place in your portfolio and which only look big.

or press "Add to my board" above

Your holdings

Optional. Type how many tokens you own to see what they are worth today and, given your targets, what they are worth on average.

TokenTokens heldPriceValueShareExpected valueExp. multiple
Total100%

Saved portfolios

Save the board as it is now and load it back later. Handy for keeping a few scenarios, or one snapshot a month to see how your views change.

You can build the board without an account. To save it as a portfolio and get it back on any device, .

Ranking by expected multiple

Every coin on your board, best first. Right of the 1x line a bet gains on average, left of it it loses, even if the upside looks big.

Market cap comparison

How big your coins are next to each other and to the majors, on a log scale. Blue tick: your target. Amber tick: all-time high.

Your coins

One card per coin. Set the target market cap (a number, or another coin's size), the probability and the downside. The expected multiple updates as you type.

How Coyote works

Market cap comparison

"What if X had the market cap of Y" answers a simple question: if coin X were worth, in total, what coin Y is worth today, what would one X cost? The formula is price of X × (market cap of Y ÷ market cap of X). Because market cap is price × circulating supply, the answer depends on how many tokens exist, which is why two coins at the same price can have very different multiples.

Expected multiple

A big multiple means nothing without a probability. Coyote asks how likely you think the target is and computes p × (target ÷ current market cap) + (1 − p) × downside. Above 1x the bet gains on average; below 1x it loses on average, however large the upside looks. The break-even probability is the point where the two sides balance.

All-time-high market cap

Chosen as a target, it means "back to the top". Coyote computes it as the all-time-high price × today's circulating supply, so for coins that unlocked many tokens since their peak it is higher than the market cap recorded that day.

The journal

Log each leveraged trade with its thesis before entering and its result after closing. The analysis reads your closed trades and shows win rate, payoff, liquidations, and how you do by leverage, setup and state of mind. It is a thinking tool, not financial advice.

What If is free and needs no sign-up. The journal and saved portfolios need an account, so they follow you across devices.

Break-even probability is the bull-case probability below which the bet loses value on average, given your target and downside. If your probability sits close to it, a small estimation error flips the verdict. Market cap is circulating supply × price; FDV counts all tokens that will ever exist, so a big gap between the two means future unlocks. This is a thinking tool, not financial advice.