Arithmetic on today's supply, not a forecast. It assumes nothing about whether Aave could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Aave has 15,417,448 AAVE in circulation at $127.3000 each, which is $1.96B. Holding that supply still and putting Canton's $3.9B in its place gives $252.8300 per AAVE.
The two are close in size, so the answer is a 1.99x move. Aave and Canton are within a factor of two of each other by market capitalisation.
Supply is held still, and in practice it moves: coins are minted, burned and unlocked, and every one of those changes the price a given market capitalisation implies. The figure also says nothing about whether the money exists to buy AAVE at that level, which is the part that actually decides a price.
$252.8300 per AAVE. That is Canton's current market capitalisation of $3.9B divided across the 15,417,448 AAVE in circulation.
1.99x. Aave trades at $127.3000 today and Canton's market cap is $3.9B against Aave's $1.96B.
No. It is one division: Canton's market capitalisation spread over the supply of AAVE that exists today. It assumes nothing about whether Aave could attract that much money, and it holds the supply still when in practice supply changes.
It sets it. Market cap is price times circulating supply, so the same $3.9B of market cap spread over more coins gives a lower price per coin. This uses the 15,417,448 AAVE in circulation now.