Market cap or market capitalization represents a particular investment asset's total market value in dollars. Within the world of cryptocurrencies, the crypto market cap is one of the most important measures of how valuable a specific digital asset is in relation to other digital assets.
Coinmarketcap (CMC) is one of the most important and accurate resources crypto investors and traders use to gain the latest data on crypto market cap and rankings. The website ranks cryptocurrencies based on their market capitalization, providing reliable information on other vital parameters such as 24-hour trading volume, crypto price, price changes, and circulating supply.
Bitcoin (BTC) reigns supreme as the board’s leader in the crypto market cap, followed by Ethereum (ETH). The other top cryptocurrencies by market cap include stablecoins such as Tether (USDT) and USD Coin (USDC) and several other popularly traded digital assets such as Ripple (XRP), Cardano (ADA), and Polkadot (DOT).