What is a cryptocurrency market cap?

1 answer

by issac.schaden , a year ago


Cryptocurrency market cap refers to the total value of a specific cryptocurrency or the entire cryptocurrency market. It is calculated by multiplying the total supply of coins or tokens in circulation by the current market price. The market cap provides an approximate measure of a cryptocurrency's relative size and is used to compare and rank different cryptocurrencies based on their valuation. It helps investors and traders assess the overall worth and potential of a cryptocurrency.