Market Capitalisation
A coin's current price multiplied by its circulating supply, used to express overall valuation rather than per-unit price.
Market capitalisation puts a coin's price in context by multiplying it by the number of coins in circulation. It exists because per-unit price alone is misleading: coins with very different supplies cannot be compared by unit price. Market cap gives a rough sense of a network's overall valuation at a moment in time. It is a descriptive snapshot, not a forecast and not a recommendation. Two coins with the same market cap can have wildly different supplies and unit prices, which is exactly why the metric is useful for reading the numbers honestly.