What is a hard market cap, and does Bitcoin have a hard cap?

A hard market cap serves as a crucial parameter that both crypto analytics platforms and the respective cryptocurrency communities closely monitor.

In the realm of blockchain technology, a hard cap stands as a predetermined limit within the code, dictating the uppermost boundary of a cryptocurrency's total supply. This restriction ensures that no further units of the cryptocurrency can be produced or circulated beyond this defined cap. This mechanism is widely appreciated for its positive impact, as it fosters scarcity, thereby enhancing the value of individual tokens. Notably, the world's pioneering cryptocurrency, Bitcoin (BTC), saw its hard cap set at 21 million units by its enigmatic creator, Satoshi Nakamoto.

Read the full article on our blog: What is a hard market cap, and does Bitcoin have a hard cap? | OWNR Wallet