PLAIN ENGLISH
What does Market Cap mean?
Market capitalization is a shorthand estimate of an asset’s total market value. In token markets, traders often talk about moving from one market-cap level to another, but market cap is not the same thing as cash available to exit — liquidity matters too.
IN THE WILD
How people use it
Stocks, crypto and especially meme coin price targets.
EXAMPLE“A $20M market cap does not mean $20M of exit liquidity exists.”
ALSO USED AS
market capitalization · mcap