Arithmetic on today's supply, not a forecast. It assumes nothing about whether Bitcoin Cash could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Bitcoin Cash has 20,058,912 BCH in circulation at $225.0000 each, which is $4.51B. Holding that supply still and putting Bitway's $1.56B in its place gives $77.6835 per BCH.
Bitcoin Cash is already worth more than Bitway. Moving to the smaller cap would take BCH down to $77.6835, which is 0.345x 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 BCH at that level, which is the part that actually decides a price.
$77.6835 per BCH. That is Bitway's current market capitalisation of $1.56B divided across the 20,058,912 BCH in circulation.
0.345x. Bitcoin Cash trades at $225.0000 today and Bitway's market cap is $1.56B against Bitcoin Cash's $4.51B.
No. It is one division: Bitway's market capitalisation spread over the supply of BCH that exists today. It assumes nothing about whether Bitcoin Cash 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 $1.56B of market cap spread over more coins gives a lower price per coin. This uses the 20,058,912 BCH in circulation now.