What is cryptocurrency market cap?

For a cryptocurrency like Bitcoin, market capitalization (or market cap) is the total value of all the coins that have been mined. It’s calculated by multiplying the number of coins in circulation by the current market price of a single coin.

What does CoinMarketCap stand for?

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What is the difference between market capitalization and market cap?

In the stock market, market capitalization refers to the total market value of all outstanding shares of a company. It’s similar in cryptocurrency, except cryptos don’t represent equity in a company like stocks. The market cap of a coin is simply what you’d get if you added up every available coin at the current price per coin.

Does market cap go up or down?

Market cap goes up when the coin’s price rises. Market cap goes down when the price drops. Market cap always goes down when supply increases. The more new coins are added, the more selling pressure they create, leading to a price drop.