Market Cap

What is Market Cap?

Market capitalization (or market cap) is the total worth of all the coins that have been minted for a cryptocurrency like Bitcoin. It is calculated by multiplying the number of coins in circulation by the going market rate for a single coin.

A cryptocurrency's value is determined by several factors, including price. Market capitalization helps investors evaluate the worth of several cryptocurrencies and convey a more complete picture. As a crucial number, it can show whether a cryptocurrency is safe to acquire in comparison to others and its growth potential. Market capitalization is additionally used to contrast the relative sizes of several cryptocurrencies.