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 Bittensor's $2.68B in its place gives $0.99201987 per ASTER.
The two are close in size, so the answer is a 1.43x move. Aster and Bittensor 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 ASTER at that level, which is the part that actually decides a price.
$0.99201987 per ASTER. That is Bittensor's current market capitalisation of $2.68B divided across the 2,702,445,582 ASTER in circulation.
1.43x. Aster trades at $0.695 today and Bittensor's market cap is $2.68B against Aster's $1.88B.
No. It is one division: Bittensor'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 $2.68B of market cap spread over more coins gives a lower price per coin. This uses the 2,702,445,582 ASTER in circulation now.