Cryptocurrency market capitalization (market cap) refers to the total value of cryptocurrency that is available in the market.
Cryptocurrency market cap is calculated by taking the total amount of a cryptocurrency that has been mined and multiplying it by the value of each unit. For instance, on July 13, 2022, there were around 19,092,550 altcoins to each other.
For instance, some exchange platforms will list certain specifications for a coin to be approved for listing, sch as the associated platform being active, approved by the SEC, proven to not be a scam and worth above a certain amount, among other. At the very least, all exchange platforms will list the most significant crypto, such as BTC, Ripple (XRP.)
Coin market cap values are important because hey allow investors to perceive the real value of a cryptocurrency and percentage of the total market cap that it occupies vis-à-vis the other cryptocurrencies. An illustration of this can be found on fiat currency.
