What is Market Cap in Cryptocurrency? | Niall O'Riordan

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Cryptocurrency market capitalization, often referred to as market cap, is a key metric used to assess the overall size and value of a cryptocurrency. It represents the total market value of a particular cryptocurrency, calculated by multiplying the current price of a single coin or token by the total supply of coins in circulation.

Market cap provides investors and enthusiasts with valuable insights into the popularity and potential of a cryptocurrency. It is an essential tool for comparing different cryptocurrencies and understanding their relative positions in the market.