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.
It could also be explained by the graph on each coin. How much it increased every hour and how much was in market and how much is already used. Also most caps has the price in btc as its the founding coin and probably most prices vary depending on how much is its price and in dollars as it is the most popular currency to us.