What is Cryptocurrency market capitalization?
Cryptocurrency market capitalization - or the total value of all coins available for sale - has increased so rapidly in recent months that it has spawned dozens of cryptocurrency tracking websites. Although the data provided by the majority of these sites are not exactly precise, it can give an idea about how popular a particular network is compared to its competitors. When we talk about cryptocurrency, we often hear about market capitalization, but what does it really mean, and why is it important? The easiest way to understand market cap is: how much money invested (in USD) would be needed to buy up all of the supply of a coin at that current point in time. This would then give you the total value of that coins' market cap. The market cap (also known as market capitalization) can indicate a crypto's dominance. A coin with a market cap of more than $2 billion is viewed as a large-cap crypto asset. The crypto market cap in total has a total capitalization of around $700 b...