Market capitalization (market cap) is the total value of a cryptocurrency, calculated by multiplying the current price by the circulating supply of coins or tokens.
Market cap categories: Large cap (over $10B), Mid cap ($1B-$10B), Small cap ($100M-$1B), and Micro cap (under $100M).
Types of market cap: Circulating market cap uses current supply, Fully diluted market cap uses maximum supply, and each provides different perspectives on valuation.
Market cap limitations: Can be manipulated with low liquidity, does not indicate actual money invested, and should be used alongside other metrics.