Im learning day by day about alt coins.
Good luck to your studies 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?
Market cap is total amount of it's value in the market, like bitcoin it has $64 Billion in total market cap and it will be divided with the total circulating coins in the market equal to it's price now.
Actually the success of coin can be measured with it's market cap because it is the indicator on how many people trusted that coin and invested bigger amount with it.
But it's not the only measurement of a coin to say it's a successful one.