What is market capitalization?
Market capitalization — usually shortened to "market cap" — is the total value of all coins currently in circulation. It is calculated by multiplying the current price of a coin by its circulating supply. For example, if a coin trades at $10 and there are 100 million coins in circulation, its market cap is $1 billion. Market cap is the most common way to rank cryptocurrencies because it reflects the overall size of an asset far better than price alone. A coin with a low unit price can have a much larger market cap than a coin with a high unit price, simply because it has more coins in circulation.