Im learning day by day about alt coins. But one thing I'm confused about is the market cap. What exactly is the market cap and how is it important to the success of the coin? Does a higher market cap mean a better chance the coins value increases?
Market cap is the total value of all supply the coin that already distributed into the market or in some words that reflected the total supply of coin that already existed. I can say that just like a valuation of the total supply already traded in the market and held by the developers.