This is very basic and I wouldn't write this article unless I see
this confusion from a higher rank account. Some high-rank users even merited the post too. Did I miss anything? Please correct me if I'm wrong.
In simple words, market cap is the total value of a certain project at this moment. Or in other words, the total price of all the coins available of a coin/token.
This depends on
circulating supply.
Mcap= Circulating Supply * Current Price
I took a random token, BOMB.
Total Supply- 953,103
Circulating Supply- 952,315
Current Price- $0.678806
So, the Mcap= 952,315 * $0.678806 = $646437.13589 which represents the total mcap in CMC.
So, basically this has no effect in the mcap, circulating supply and price can affect the mcap.