Market Cap vs Price

What does the market cap (market capitalization) compared to the price of a cryptocurrency mean?

What is Market Cap?

Market cap is the product of the price of a commodity by its market quantity. Price multiplied by the available number.

For Example: Bitcoin Market Cap

BTC Price x Circulating Supply = Market Cap

$53,891.52 * 18,837,556.00 (As of 7 October 2021)