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 Internet Computer's $1.5B in its place gives $0.55615089 per ASTER.
Aster is already worth more than Internet Computer. Moving to the smaller cap would take ASTER down to $0.55615089, which is 0.800x 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.
$0.55615089 per ASTER. That is Internet Computer's current market capitalisation of $1.5B divided across the 2,702,445,582 ASTER in circulation.
0.800x. Aster trades at $0.695 today and Internet Computer's market cap is $1.5B against Aster's $1.88B.
No. It is one division: Internet Computer'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 $1.5B of market cap spread over more coins gives a lower price per coin. This uses the 2,702,445,582 ASTER in circulation now.