The importance of Market Cap

Has anyone knows what is a Market Cap is? And what are the importance of it into a particular crypto project? Thanks.:blush::innocent:


Please check my post: Marketcap Explained (unfortunately I can’t post the link to it)

I made it for the users how need help understanding it.

Market cap = coin supply x price of coin

Market capitalization refers to the total dollar market value of a company’s outstanding shares of stock. Commonly referred to as “market cap,” it is calculated by multiplying the total number of a company’s outstanding shares by the current market price of one share.

As an example, a company with 10 million shares selling for $100 each would have a market cap of $1 billion. The investment community uses this figure to determine a company’s size, as opposed to using sales or total asset figures. In an acquisition, the market cap is used to determine whether a takeover candidate represents a good value or not to the acquirer.