Arithmetic on today's supply, not a forecast. It assumes nothing about whether Bitway could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Bitway has 2,874,240,243 BTW in circulation at $1.7787 each, which is $5.11B. Holding that supply still and putting Dogecoin's $13.43B in its place gives $4.6732 per BTW.
A 2.63x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
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 BTW at that level, which is the part that actually decides a price.
$4.6732 per BTW. That is Dogecoin's current market capitalisation of $13.43B divided across the 2,874,240,243 BTW in circulation.
2.63x. Bitway trades at $1.7787 today and Dogecoin's market cap is $13.43B against Bitway's $5.11B.
No. It is one division: Dogecoin's market capitalisation spread over the supply of BTW that exists today. It assumes nothing about whether Bitway 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 $13.43B of market cap spread over more coins gives a lower price per coin. This uses the 2,874,240,243 BTW in circulation now.