This is the total value of a coin or token or, for NFTs, the total of all assets within a collection based on its current market price. For crypto currency, simply multiply a coin by the (circulating or total depending) token supply. Market cap is useful to get past the psychology of low unit bias, the idea that because a coin has a tiny price it has more potential to increase.
“@alexcobb_ just blew his lid talking about #XRP market cap again. Another video incoming.”
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