Arithmetic on today's supply, not a forecast. It assumes nothing about whether Aster could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Aster has 2,702,445,582 ASTER in circulation at $0.695 each, which is $1.88B. Holding that supply still and putting Bitway's $1.54B in its place gives $0.56994469 per ASTER.
Aster is already worth more than Bitway. Moving to the smaller cap would take ASTER down to $0.56994469, which is 0.820x of what it trades at now.
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 ASTER at that level, which is the part that actually decides a price.
$0.56994469 per ASTER. That is Bitway's current market capitalisation of $1.54B divided across the 2,702,445,582 ASTER in circulation.
0.820x. Aster trades at $0.695 today and Bitway's market cap is $1.54B against Aster's $1.88B.
No. It is one division: Bitway's market capitalisation spread over the supply of ASTER that exists today. It assumes nothing about whether Aster 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 $1.54B of market cap spread over more coins gives a lower price per coin. This uses the 2,702,445,582 ASTER in circulation now.