Market Cap
Market cap is a token's total circulating supply × its current price. It's the usual "how big is this crypto" number, used to rank coins and judge headroom
Market cap is a token’s total circulating supply × its current price. It’s the usual “how big is this crypto” number, used to rank coins and judge headroom — a 30× on a $500M token is a different risk than a 30× on a $200B one.
Why it matters
Market cap is frequently misused as “total money invested” — it isn’t; it’s a mark-to-market snapshot of the last trade. Fully-diluted value (supply planned) matters too. It’s a useful headline, never the story by itself.
Related terms
token · exchange ·
cryptocurrency