> For the complete documentation index, see [llms.txt](https://docs.blockhorizon.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.blockhorizon.io/chart-tutorials/price-and-valuation/top-price.md).

# Top Price

Top Price is the per-coin equivalent of Top Cap, calculated by dividing Top Cap by the real circulating supply. It represents the upper-bound valuation expressed as a price level rather than a total capitalization.

$$
\text{Top Price} = \frac{\text{Top Cap}}{\text{Real Supply}}
$$