August 30th, 2021 | Updated on March 8th, 2022
Hard cap is defined as the maximum amount of money a cryptocurrency can receive from investors in its Initial Coin Offering (ICO). An ICO is a limited-time process by which new cryptocurrencies make their coins publicly known and begin selling them directly to people.
People invest their money in these coins in the hopes that they will later be worth many times more than what was paid. A hard cap is the major financial goal and is always larger than the small-cap.