Total supply refers to the total amount of a specific cryptocurrency that has been created or mined, including both coins that are currently in circulation and those that have yet to be released. This metric is crucial for understanding the potential scarcity of a cryptocurrency. A limited total supply can contribute to a higher perceived value, as it implies that there will be fewer coins available over time, making each one potentially more valuable.Some cryptocurrencies have a capped total supply, meaning that once a certain limit is reached, no additional coins will ever be created. Others may have mechanisms to introduce new coins over time or may not specify a limit at all.Investors often look at total supply in conjunction with circulating supply and market demand to get a better sense of a cryptocurrency’s potential for growth. Understanding total supply helps in assessing its market dynamics and making informed decisions.