Arithmetic on today's supply, not a forecast. It assumes nothing about whether BNB could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. BNB has 133,566,231 BNB in circulation at $723.8400 each, which is $96.68B. Holding that supply still and putting Tether Gold's $2.67B in its place gives $19.9588 per BNB.
BNB is already worth more than Tether Gold. Moving to the smaller cap would take BNB down to $19.9588, which is 0.028x 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 BNB at that level, which is the part that actually decides a price.
$19.9588 per BNB. That is Tether Gold's current market capitalisation of $2.67B divided across the 133,566,231 BNB in circulation.
0.028x. BNB trades at $723.8400 today and Tether Gold's market cap is $2.67B against BNB's $96.68B.
No. It is one division: Tether Gold's market capitalisation spread over the supply of BNB that exists today. It assumes nothing about whether BNB 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 $2.67B of market cap spread over more coins gives a lower price per coin. This uses the 133,566,231 BNB in circulation now.