Arithmetic on today's supply, not a forecast. It assumes nothing about whether Cardano could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Cardano has 36,665,922,016 ADA in circulation at $0.2078 each, which is $7.62B. Holding that supply still and putting Rain's $11.17B in its place gives $0.30471759 per ADA.
The two are close in size, so the answer is a 1.47x move. Cardano and Rain 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 ADA at that level, which is the part that actually decides a price.
$0.30471759 per ADA. That is Rain's current market capitalisation of $11.17B divided across the 36,665,922,016 ADA in circulation.
1.47x. Cardano trades at $0.2078 today and Rain's market cap is $11.17B against Cardano's $7.62B.
No. It is one division: Rain's market capitalisation spread over the supply of ADA that exists today. It assumes nothing about whether Cardano 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 $11.17B of market cap spread over more coins gives a lower price per coin. This uses the 36,665,922,016 ADA in circulation now.