What is Total Market Capitalization (Cap)?

Total market capitalization is a measurement used to determine the entire market capitalization of a specific asset or asset class, such as gold. The total market capitalization of a company is determined by multiplying its number of shares by the price per share, while the market cap of a blockchain project is instead determined by multiplying the circulating supply of coins by the price per coin. The total market capitalization of all cryptocurrencies combined is determined by totaling the respective market caps of all individual cryptocurrencies.