Crypto market cap refers to the market capitalization of the digital currencies. It is a measure of the value. The market cap multiplies the current supply of tokens by the current price. It is a quick way to check a coin's value. Most of the market is engaged with Bitcoin and a few other big names.
Crypto market cap classification
Large-cap: market including big-cap digital currencies and are safe investments.
Mid-cap: a market with smaller cap coins with a moderate level of risk.
Small-cap: market comprising currencies with smallest cap and highest risks.