Hidden cap refers to the total supply of a cryptocurrency that isn’t immediately visible or disclosed to the public. This can happen for several reasons, such as tokens being allocated for future development, reserves held by founders, or allocations set aside for partnerships and incentives.Investors often focus on the visible market cap, which is calculated based on the circulating supply of a token. However, the hidden cap can indicate the potential for dilution, as more tokens may enter circulation over time, affecting supply and value.Understanding hidden cap is crucial for evaluating the true value and potential risks of a cryptocurrency project. Investors should consider the total supply when analyzing a token’s market cap and be cautious about projects with significant portions of their supply locked away or undisclosed. Being aware of hidden cap can help investors make informed decisions and assess the long-term viability of a cryptocurrency.